ABDL's Profits Soar: A Landmark Quarter in Spirits Industry

Allied Blenders and Distillers Ltd reported a significant rise in net profits, reaching Rs 47.56 crore for the September quarter, significantly improving from Rs 11.34 crore the previous year. The company's growth is attributed to strong EBITDA performance and interest cost savings following debt repayment. Revenues also showed a modest increase.

Allied Blenders and Distillers Ltd (ABDL) witnessed a remarkable surge in its consolidated net profit, soaring over four-fold to Rs 47.56 crore during the September quarter. This marks a significant leap from the Rs 11.34 crore reported in the same period last year.

The company credits its strong earnings before interest, taxes, depreciation, and amortization (EBITDA) growth and substantial interest cost savings, achieved through debt repayment via IPO proceeds, as key factors driving the performance. Revenue from operations rose by 5.23% to Rs 2,029.10 crore.

Managing Director Alok Gupta highlighted the importance of the company's strategic initiatives, such as premiumisation and cost-saving measures, in achieving these results. As a testament to investor confidence, ABDL's shares closed up 3.21% at Rs 329.85 on the BSE.

(With inputs from agencies.)