Northern Spirits Announces Q2 FY27 Financial Results; Shares Surge Over 8%

Mumbai, November 12: Northern Spirits Limited, a company engaged in the trading and distribution of alcoholic beverages, announced its unaudited standalone financial results for the quarter and half-year ended September 30, 2026. The results were approved by the company’s board of directors at its meeting held on Thursday, November 12, 2026. The board meeting commenced at 1:00 PM IST and concluded at 2:00 PM IST. The company submitted its financial statements along with the limited review report issued by statutory auditors J K S S & Associates. Following the announcement, Northern Spirits shares witnessed increased buying activity during afternoon trading, with the stock moving sharply higher.

Northern Spirits Announces September Quarter Financial Performance

Northern Spirits released its unaudited financial statements covering revenue from operations, total income, operating expenses, profit before tax and net profit for Q2 FY27. The results also include comparative figures for the preceding quarter and the corresponding period of the previous financial year. The company continued its trading and distribution operations in the alcoholic beverages segment during the reported period. Its financial statements reflect expenses relating to stock purchases, changes in inventories, employee benefits, finance costs and other operating activities. The company also submitted its half-year financial position and cash flow statement for the six months ended September 30, 2026. The limited review report issued by J K S S & Associates stated that nothing had come to the auditors’ attention indicating a material misstatement or non-compliance with applicable financial reporting requirements. The auditors’ conclusion was not modified. Although the supplied financial statement contains quarterly revenue and profitability figures, some amounts are not sufficiently legible to reproduce reliably. Exact financial comparisons have therefore not been included.

Northern Spirits Discloses Financial Position for H1 FY27

Alongside the quarterly earnings announcement, Northern Spirits disclosed its statement of assets and liabilities as of September 30, 2026. The statement provides details of current and non-current assets, inventories, receivables, cash balances, borrowings and other financial obligations. The company also provided a cash flow statement covering operating, investing and financing activities during the first six months of FY27. These disclosures offer additional information about the company’s working capital position and cash movement during the reporting period. According to the accompanying notes, Northern Spirits operates in a single business segment comprising the trading and distribution of alcoholic beverages, including spirits and wines. The company confirmed that it had not discontinued any operations during the period under review.

Stock Market Snapshot

Northern Spirits share price witnessed a sharp upward movement during the afternoon trading session on November 12, 2026. Approximate values based on the supplied intraday chart. The exact exchange-reported price and percentage change are not displayed. The stock traded largely between ₹110 and ₹113 during the morning session, with relatively limited price movement. Around midday, the share price declined towards ₹110 before recovering to approximately ₹111. The stock continued trading near this level through the early afternoon. However, buying interest increased sharply after 2:15 PM IST, pushing the share price above ₹120 within a short period. The stock briefly moved towards ₹123, its highest visible level on the chart, before witnessing some profit booking. Trading volumes also increased significantly during the rally, with the largest visible volume spike occurring around 2:25 PM IST. Towards the end of the supplied chart, Northern Spirits shares were trading around ₹120, remaining substantially above the previous closing reference level.

About Northern Spirits

Northern Spirits Limited is an Indian company engaged in the trading and distribution of alcoholic beverages, including spirits and wines. Headquartered in Kolkata, West Bengal, the company operates in the alcoholic beverage distribution industry. Its business involves the procurement, marketing and distribution of beverage products through its established business network. Northern Spirits reports its financial performance as a single operating segment covering alcoholic beverage trading and distribution. The company’s shares are listed on the BSE under scrip code 542628.

Conclusion

Northern Spirits has announced its unaudited financial results for Q2 FY27 and the first half of the financial year, providing an update on its financial performance and business operations. The company also submitted its half-year balance sheet and cash flow statement, while its statutory auditors issued an unmodified limited review conclusion. Meanwhile, the stock witnessed a sharp rally during afternoon trading on November 12, climbing from approximately ₹111 to above ₹120 amid increased trading volumes. The latest results and the subsequent share price movement have brought Northern Spirits into focus, with investors likely to watch the company’s future earnings, operating margins and working capital performance.

Source: 

• https://www.bseindia.com/stock-share-price/northern-spirits-ltd/nsl/542628