Globale Tessile Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Globale Tessile Limited has submitted its unaudited financial results for the first quarter of FY26 (ended June 30, 2025), approved by the Board on August 13, 2025. Revenue from operations collapsed to ₹104.17 lakhs, down sharply from ₹1,873.78 lakhs in the same quarter last year — a fall of about 94%. The company swung to a pre-tax loss of ₹(46.80) lakhs versus a profit of ₹51.57 lakhs in Q1 FY25, with a loss after tax of ₹(36.17) lakhs (PAT). Basic EPS turned negative at ₹(0.34) versus ₹0.40 a year ago. Management blames a major fire in November 2024 at its key vendor, Mahalaxmi Fabric Mills Limited, for the ongoing supply chain disruption and is exploring alternative job-work vendors. The statutory auditor, Jain Chowdhary & Co., issued an unmodified limited review report, though a prior-period typographical error has been corrected in the comparatives.
Operations remain severely impacted by the vendor fire, with revenues nearly wiped out and the company back in the red — a clear negative for shareholders. The path to recovery depends on management restoring its supply chain through alternative vendors.