The Supreme Court has recently dismissed the SLP petition filed by the Bihar government against the company. This comes after the Bihar government banned liquor consumption in the state and the company’s manufacturing plant remained under stress. With the SC verdict in its favour, Globus remains confident of recommencing its operations.

The company's board of directors have declared Interim Dividend of Re. 0.40 per equity share (20 per cent) of face value of Rs. 2 each for the FY17-18.

The PAT for the quarter came in at Rs. 8.3 crore, yoy decline of 10.3 per cent. This was partly due to 11.8 per cent yoy jump in depreciation expenses.

 The company's standalone revenue for the quarter came in at Rs. 75.44 crore, registering 24.7 per cent yoy decline. This was primarily driven by sharp decline in revenue from manufacturing and sale of solar power systems by 28.4 per cent. Also decline in sales from solar power plant operation by 28 per cent contributed to the deterioration in revenue.

The company's consolidated revenue for the quarter came in at Rs 640.38 crore, registering an increase of 2.5 per cent YoY. This was primarily driven by 9.4 per cent YoY increase in revenue from float glass.

The company's EBITDA for the quarter fell by 2.4 per cent YoY to Rs. 6.889 crore, with a corresponding margin contraction of 179 bps. Its EBITDA margin for the quarter stood at 8.5 per cent. This margin contraction was due to jump in cost of materials by 21 per cent YoY.

The company's standalone revenue for the quarter came in at Rs. 722.72 crore, registering an increase of 9.1 per cent YoY. This was primarily driven by rise in revenue from PVC pipes and fittings segment by 19.7 per cent YoY.

 The PAT for the quarter came in at Rs. 66.1 crore, yoy increase of 27.1 per cent. This was partly led by 18 per cent yoy decline in interest expenses.

EBITDA for the quarter rose by 35.6 per cent yoy to Rs. 28.51 crore with a corresponding margin contraction of 110 bps. EBITDA margin for the quarter stood at 10.5 per cent. This margin contraction was led by jump in power and fuel expenses and cost of materials by 46.3 per cent yoy and 13.7 per cent yoy, respectively.

The PAT for the quarter came in at Rs. 14.89 crore, yoy increase of 160.8 per cent. This was due to sharp jump in other income from Rs. 0.79 crore to Rs. 2.7 crore. Also, decline in interest expenses by 35 per cent yoy aided to bottomline growth.