Globe Textiles (India) Limited has informed the Exchange about Copy of Newspaper Publication
GLOBE · price
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Globe Textiles (India) Limited has submitted copies of the newspaper advertisement of its audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, published in Financial Express (English and Gujarati) on May 22, 2025. On a standalone basis, total income from operations for FY25 stood at Rs. 52,553.49 lakhs versus Rs. 56,174.47 lakhs in FY24, a decline of about 6.4%. Net profit after tax fell to Rs. 683.69 lakhs from Rs. 949.97 lakhs, while basic and diluted EPS dropped to Rs. 0.21 from Rs. 0.30. On a consolidated basis, FY25 revenue was Rs. 70,070.80 lakhs with a net profit of Rs. 683.69 lakhs. The board also completed a Rs. 4,504.79 lakh rights issue in February 2025 and made Globe Denwash Private Limited a wholly-owned subsidiary by acquiring the remaining 30% stake on March 4, 2025.
Minor negative — both standalone revenue and profit declined year-on-year, though the company strengthened its capital base through a successful rights issue and consolidated a subsidiary, which may support future earnings visibility.