Globe Textiles (India) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
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Globe Textiles (India) Limited submitted audited standalone and consolidated results for Q4 and FY ended March 31, 2025, along with an unmodified (unqualified) auditor opinion. Standalone revenue from operations rose ~22% YoY to Rs. 52,425.65 lakhs (FY24: Rs. 42,822.40 lakhs) and PAT grew ~19% to Rs. 683.69 lakhs (FY24: Rs. 575.11 lakhs), though Q4 standalone PAT fell sharply to Rs. 30.24 lakhs from Rs. 130.42 lakhs a year earlier. Consolidated revenue grew ~21% to Rs. 55,400.22 lakhs with PAT of Rs. 949.97 lakhs. During the year, the company raised Rs. 4,504.19 lakhs via a rights issue and acquired the remaining 30% stake in subsidiary Globe Denwash, making it wholly-owned. An exceptional item of Rs. 109.86 lakhs (standalone) / Rs. 437.49 lakhs (consolidated) was booked related to cyclone damage at a processing unit, offset by an insurance claim. The board also appointed M/s K Jatin & Co as Secretarial Auditor for 5 years and M/s Shefali R Sheth & Co as Internal Auditor for FY 2025-26.
Positive: Strong topline growth, improved full-year profitability, and capital raised via rights issue strengthen the balance sheet. Watch points: Q4 standalone PAT dropped sharply, net cash from operations was deeply negative at Rs. (3,392.53) lakhs, and total borrowings nearly doubled to Rs. 13,702.39 lakhs, pushing the debt-equity ratio higher to 0.89.