With reference to the above subject, we wish to inform you that the Board of Directors of the Company at their meeting held today i.e. 29.05.2025 has considered and approved the following: ....
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The Board of Globe Multi Ventures Ltd met on May 29, 2025 and approved the audited financial results for the quarter and full year ended March 31, 2025. Full-year revenue rose about 25% to Rs. 20,344.61 lakhs (from Rs. 16,236.43 lakhs in FY24), while profit after tax from continuing operations nearly doubled to Rs. 601.05 lakhs (from Rs. 305.42 lakhs). Basic EPS for the year climbed to Rs. 10.01 versus Rs. 5.09 previously. Q4 alone showed revenue of Rs. 7,049.24 lakhs and profit before tax of Rs. 297.79 lakhs, both well above the year-ago quarter. The auditors (SMV & Co.) issued an unmodified (clean) opinion on the accounts.
Strong revenue and profit growth along with a clean audit opinion are positive signals for shareholders. However, the cash flow statement shows a sizeable negative operating cash flow of about Rs. -846 lakhs for the year, and the company has pending income tax dues across multiple years, which are points worth monitoring despite the healthy bottom-line growth.