Northern Spirits quarterly results and financials

Northern Spirits (BSE 542628)₹110.90−0.89%(9 Nov 2026 close)Trading & Distributors

Key facts

In the Mar 2026 quarter (standalone), Northern Spirits reported sales of ₹615 Cr, up 31.9% from Mar 2025, and net profit of ₹4.97 Cr, up 138.9% year on year. For the year to Mar 2026, sales were ₹2,307 Cr and net profit ₹26.97 Cr.

Sales (Mar 2026): ₹615 Cr
Net profit (Mar 2026): ₹4.97 Cr
Sales (FY Mar 2026): ₹2,307 Cr
Net profit (FY Mar 2026): ₹26.97 Cr
EPS (Mar 2026): ₹3.09
Borrowings (Mar 2026): ₹209 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Northern Spirits quarterly results

₹ crore unless stated; each column is a quarter.

Northern Spirits Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	314	324	460	487	528	467	534	562	596	615
Expenses	307	316	452	479	508	461	521	551	585	607
Operating Profit	8.22	8.54	9.63	9.40	21.13	6.28	13.51	13.68	12.57	10.15
OPM %	2.6%	2.7%	2.1%	1.9%	4.0%	1.4%	2.5%	2.4%	2.1%	1.7%
Other Income	0.21	0.36	0.00	0.49	0.12	0.22	0.33	0.35	0.24	0.90
Interest	1.96	1.99	1.51	2.57	9.12	3.03	4.03	3.95	3.20	3.90
Depreciation	0.07	0.09	0.07	0.06	0.06	0.14	0.14	0.14	0.21	0.17
Profit before tax	6.43	6.85	8.05	7.28	12.10	3.36	9.68	9.95	9.43	7.00
Tax %	23.9%	29.3%	24.7%	23.3%	24.0%	37.7%	24.0%	24.1%	24.0%	29.2%
Net Profit	4.90	4.84	6.06	5.61	9.20	2.08	7.37	7.58	7.17	4.97
EPS (Rs)	3.06	3.03	3.79	3.48	5.75	1.31	4.59	4.74	4.48	3.09

Northern Spirits profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Northern Spirits Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	2.99	15.99	24.98	110	154	152	268	904	1,234	1,944	2,307	2,307
Expenses	4.01	15.05	23.04	90.22	146	143	256	884	1,206	1,900	2,264	2,264
Operating Profit	0.00	0.99	1.99	19.98	7.99	7.99	12.99	22.99	30.98	45.96	49.95	49.91
OPM %	−13.0%	5.0%	7.0%	18.1%	5.0%	5.0%	4.8%	2.5%	2.5%	2.4%	2.2%	2.2%
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.99	0.99	1.99	1.82
Interest	0.00	0.00	0.00	5.01	3.01	4.01	5.01	8.02	9.02	16.03	15.02	15.08
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01	0.66
Profit before tax	0.00	0.99	0.99	14.97	4.99	3.99	7.98	14.97	21.96	30.95	35.92	36.06
Tax %	0.0%	18.0%	25.0%	35.0%	28.0%	28.0%	25.0%	25.0%	26.0%	26.0%	25.0%	—
Net Profit	−0.99	0.99	0.99	9.99	3.99	2.99	5.99	10.99	16.98	22.99	26.97	27.09
EPS (Rs)	−12.60	13.10	8.45	8.57	2.24	1.86	3.75	6.94	10.33	14.32	16.90	16.90
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.0%	2.0%	2.0%	—

Northern Spirits balance sheet

₹ crore, at each year end.

Northern Spirits Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0.02	0.41	0.40	1.00	12.03	16.03	16.03	16.03	16.02	16.03	16.04	16.02
Reserves	0.00	1.00	0.99	5.00	29.06	47.08	50.09	56.10	67.08	84.13	107	133
Borrowings	4.02	2.00	1.99	5.01	45.12	43.10	57.15	68.19	95.19	138	171	209
Other Liabilities	1.00	5.02	9.05	9.04	8.04	2.01	2.01	2.01	4.02	1.01	1.00	23.11
Total Liabilities	5.02	8.02	13.02	21.05	94.25	108	125	142	183	240	296	382
Fixed Assets	4.01	4.01	5.01	5.01	11.01	10.01	10.01	10.02	10.02	11.01	12.03	11.02
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	1.01	4.01	8.01	16.04	83.24	98.21	115	132	172	229	284	371
Inventories	—	1.01	3.01	6.01	33.01	39.02	37.04	41.04	51.01	60.01	83.04	125
Trade receivables	—	0.99	3.99	7.97	36.85	39.84	46.79	62.74	107	143	166	186
Cash & equivalents	—	1.01	0.00	0.00	4.01	5.02	5.01	10.02	7.02	17.05	26.08	55.19
Total Assets	5.02	8.02	13.02	21.05	94.25	108	125	142	183	240	296	382

Northern Spirits cash flow

₹ crore, for each year.

Northern Spirits Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	0.99	1.01	0.99	−6.99	−49.98	−12.01	−9.99	0.00	−21.99	−29.01	−6.99	7.01
Cash from investing activity	−3.99	−0.99	0.00	0.00	−5.98	0.00	0.00	0.00	0.00	0.00	−0.99	0.00
Cash from financing activity	2.99	−0.99	0.00	1.99	19.93	14.95	3.99	−2.99	104	33.90	16.95	21.90
Net cash flow	0.00	0.00	0.00	−5.01	−36.07	3.01	−7.02	−3.01	81.22	4.01	9.03	29.05
Capex	3.79	0.39	0.61	0.02	6.00	0.00	0.00	0.31	0.34	0.33	1.29	0.51
Free cash flow	−3.01	1.01	0.00	−7.02	−56.16	−12.04	−10.04	0.00	−23.06	−30.10	−8.02	7.02
CFO / OP %	1,479.9%	−244.1%	118.9%	−422.1%	−250.1%	−145.1%	−123.1%	1.0%	−98.1%	−95.1%	−15.1%	14.9%

Northern Spirits ratios

Working-capital days and returns, by year.

Northern Spirits Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	0	101	96	122	124	94	113	86	43	42	31	30
Inventory days	62	155	70	146	160	112	110	67	23	20	17	22
Days payable	40	131	76	63	7	1	0	0	0	0	0	4
Cash conversion cycle	24	126	92	207	278	206	223	155	67	63	50	49
Working capital days	−432	−221	−45	90	87	114	141	84	30	23	16	13
ROCE %	6.0%	−8.0%	28.1%	21.0%	41.0%	9.0%	7.0%	10.1%	14.1%	15.1%	18.1%	16.0%

Northern Spirits: frequently asked questions

What are the latest quarterly results of Northern Spirits?

For the Mar 2026 quarter, Northern Spirits reported sales of ₹615 Cr, up 31.9% year on year and net profit of ₹4.97 Cr, up 138.9% year on year. The operating margin was 1.7%.

What is the annual revenue of Northern Spirits?

Northern Spirits' sales for the year to Mar 2026 were ₹2,307 Cr; over the last twelve months they were ₹2,307 Cr.

What is the net profit of Northern Spirits?

Net profit for the year to Mar 2026 was ₹26.97 Cr, and ₹27.09 Cr over the last twelve months. Earnings per share over the same trailing period were ₹16.90.

How much debt does Northern Spirits have?

Northern Spirits reported borrowings of ₹209 Cr at Mar 2026, against cash and equivalents of ₹55.19 Cr.

What is the free cash flow of Northern Spirits?

Cash from operations was ₹7.01 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹7.02 Cr.

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