Northern Spirits Ltd. (NSL) — Tipsheet https://tipsheet.markets/company/nsl/ Every Tipsheet Editorial note covering Northern Spirits Ltd. (NSL), newest first. Grounded in BSE/NSE primary-source filings. en-in Mon, 06 Jul 2026 10:22:48 GMT Northern Spirits FY26 profit rises 18.2%, but it's just the annual report https://tipsheet.markets/nsl-northern-spirits-fy26-profit-rises-18-2-but-it-s-just-the-annual-report-98888/ https://tipsheet.markets/nsl-northern-spirits-fy26-profit-rises-18-2-but-it-s-just-the-annual-report-98888/ Tue, 26 May 2026 16:17:00 GMT Revenue grew 18.8% to ₹2,30,897 lakhs, net profit followed at ₹2,714 lakhs. The filing is a standard disclosure. Revenue grew 18.8% to ₹2,30,897 lakhs, net profit followed at ₹2,714 lakhs. The filing is a standard disclosure.

What’s new

  • FY26 standalone revenue grew 18.8% to ₹2,30,897 lakhs.
  • Net profit rose 18.2% to ₹2,714 lakhs.
  • The board recommended a dividend alongside the audited results.

Why it matters

The numbers confirm a growth trend, but the filing itself is a routine regulatory requirement. It changes no narrative and likely moves no stock.

What we’re watching

  • The specific dividend per-share amount, not yet detailed.
  • Whether the ~18% growth rate holds through FY27.
  • Margin commentary from any follow-up concall.

The full read

Northern Spirits posted 18.8% revenue growth in FY26. Top line hit ₹2,30,897 lakhs. Net profit kept pace, rising 18.2% to ₹2,714 lakhs. The board also recommended a dividend. It's a clean set of numbers. The caveat is that this is a mandatory annual disclosure. The market has already absorbed the company's steady expansion. This filing changes no story. It confirms a trend. Routine.

Primary source: BSE · NSE

]]> Earnings Tipsheet Editorial Northern Spirits posts 19% revenue jump. Cash balance swells 21-fold. https://tipsheet.markets/nsl-northern-spirits-posts-19-revenue-jump-cash-balance-swells-21-fold-98784/ https://tipsheet.markets/nsl-northern-spirits-posts-19-revenue-jump-cash-balance-swells-21-fold-98784/ Tue, 26 May 2026 15:09:49 GMT FY26 revenue hit ₹2,309 crore. The cash position, not the topline, is the story — moving from near-zero to ₹14.4 crore. FY26 revenue hit ₹2,309 crore. The cash position, not the topline, is the story — moving from near-zero to ₹14.4 crore.

What’s new

  • FY26 revenue rose 18.8% to ₹2,309 crore. Net profit grew 18.2% to ₹27 crore.
  • Q4 revenue surged 32% over the same quarter last year.
  • Cash and equivalents jumped to ₹14.4 crore from ₹0.7 crore.

Why it matters

For a nano-cap distributor, the headline isn't the revenue growth. It's the cash. Moving from ₹0.7 crore to ₹14.4 crore signals the business is converting paper profits into bank balances, a critical step for a company with a ₹204 crore market cap.

What we’re watching

  • Whether the cash build-up is a one-off working-capital swing or sustainable.
  • If the 32% Q4 revenue surge carries into the new fiscal year.
  • The payout ratio implied by the final dividend.

The full read

Northern Spirits delivered a strong year. Revenue rose 18.8% to ₹2,309 crore. Net profit followed with 18.2% growth to ₹27 crore. The final quarter accelerated, with Q4 revenue up 32%. But the standout number is the cash balance. It jumped to ₹14.4 crore from ₹0.7 crore a year earlier, a move from near-zero to a meaningful stash for a ₹204 crore nano-cap. The board also proposed a final dividend of Re. 0.35 per share. For a small distributor, the cash build is more important than the growth rate. It suggests the business is finally collecting the money it makes.

Primary source: BSE · NSE

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