Considered, approved and took on record the Consolidated Un-Audited Financial Results of the company along with Limited Review Report for the quarter ended on December, 31, 2024, copy of ....
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Globe Multi Ventures Ltd (formerly Globe Commercials Ltd) reported consolidated unaudited results for Q3 FY25. Revenue from operations jumped sharply to ₹22,465.66 lakhs from ₹4,126.32 lakhs in Q3 FY24, a roughly 5x year-on-year increase, driven entirely by the sale of agri commodities. Profit before tax rose to ₹642.70 lakhs (vs ₹96.35 lakhs) and profit after tax climbed to ₹475.60 lakhs (vs ₹71.30 lakhs). For the 9-month period, revenue was ₹57,901.20 lakhs vs ₹11,250.86 lakhs, with PAT of ₹1,217.46 lakhs vs ₹199.99 lakhs. The statutory auditor (SMV & Co) issued an unmodified limited review conclusion, indicating no qualifications or concerns. The company also changed its name from Globe Commercials Ltd to Globe Multi Ventures Ltd.
Strong top-line and bottom-line growth on a YoY basis is a positive signal for shareholders, though much of the jump comes from a low base and the business is now concentrated in a single agri-commodity segment. Watch for sustainability of revenue and any margin pressure given the thin operating margins (~2.9% PBT margin).