Northern Spirits Limited Reports 12.9% Revenue Growth in Q3FY26 Results
Northern Spirits Limited reported strong Q3FY26 results with revenue from operations growing 12.9% YoY to ₹59,624.41 lakhs, though net profit declined to ₹718.20 lakhs. For nine months FY26, revenue increased 14.7% to ₹1,69,304.96 lakhs with net profit rising 6.1% to ₹2,215.24 lakhs. The alcoholic beverages trading company maintained operational stability with no business discontinuations and received an unmodified auditor review opinion.
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Northern Spirits Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing robust growth across key financial metrics. The Kolkata-based company, which operates in the trading and distributorship of alcoholic beverages including spirits and wines, delivered strong performance in Q3FY26.
Quarterly Financial Performance
The company's quarterly results demonstrate solid growth momentum with revenue from operations increasing significantly year-on-year.
| Metric | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations | ₹59,624.41 lakhs | ₹52,816.54 lakhs | +12.9% |
| Total Income | ₹59,648.98 lakhs | ₹52,829.95 lakhs | +12.9% |
| Net Profit | ₹718.20 lakhs | ₹920.68 lakhs | -22.0% |
| Basic EPS | ₹4.47 | ₹5.74 | -22.1% |
Total expenses for Q3FY26 were ₹58,703.98 lakhs compared to ₹51,618.53 lakhs in the corresponding quarter of the previous year. The major expense component was purchases of stock-in-trade at ₹53,266.66 lakhs, reflecting the company's trading business model.
Nine-Month Performance Analysis
For the nine months ended December 31, 2025, Northern Spirits demonstrated consistent growth in revenue while maintaining profitability.
| Parameter | 9M FY26 | 9M FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹1,69,304.96 lakhs | ₹1,47,613.29 lakhs | +14.7% |
| Total Income | ₹1,69,399.09 lakhs | ₹1,47,676.83 lakhs | +14.7% |
| Net Profit | ₹2,215.24 lakhs | ₹2,087.82 lakhs | +6.1% |
| Basic EPS | ₹13.80 | ₹13.01 | +6.1% |
The company's total expenses for the nine-month period stood at ₹1,66,484.30 lakhs versus ₹1,44,929.70 lakhs in the previous year, primarily driven by increased purchases of stock-in-trade worth ₹1,53,771.91 lakhs.
Operational Highlights
Northern Spirits maintained its focus on its core business operations during the reporting period. Key operational aspects include:
- Business Focus: Trading and distributorship of alcoholic beverages including spirits and wines
- No Discontinuation: The company has not discontinued any operations during the period under review
- Inventory Management: Changes in inventories showed a positive impact of ₹4,268.28 lakhs for the nine-month period
- Finance Costs: Reduced significantly to ₹318.64 lakhs in Q3FY26 from ₹910.31 lakhs in Q3FY25
Board Approval and Compliance
The Board of Directors approved these unaudited financial results in their meeting held on February 9, 2026, which commenced at 1:00 PM and concluded at 2:00 PM. The results were prepared in accordance with Indian Accounting Standards notified under Section 133 of the Companies Act, 2013, and comply with Regulation 33 of SEBI Listing Regulations.
M/s J K S S & Associates, Chartered Accountants, the company's statutory auditors, conducted a limited review of the financial results and issued an unmodified review opinion. The Audit Committee reviewed the results before Board approval, ensuring proper governance procedures.
Financial Position Details
The company maintained a stable capital structure with paid-up equity share capital of ₹1,605.12 lakhs, consisting of shares with a face value of ₹10 each. Tax expenses for Q3FY26 were ₹226.80 lakhs compared to ₹290.74 lakhs in the corresponding previous quarter, reflecting efficient tax management.
Historical Stock Returns for Northern Spirits
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.40% | +1.77% | -9.65% | -34.77% | -23.50% | +560.00% |
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