Globe International Carriers Limited has informed the Exchange regarding 'financial results for the period ended 31-Mar-2025 in Machine Readable Form / Legible copy'.
GICL · price
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Globe International Carriers Limited (GICL), an NSE SME-listed logistics company, announced its audited annual results for FY25 along with the auditor's report. Standalone revenue from operations rose to ₹15,654.07 lakhs from ₹11,449.66 lakhs in FY24, a growth of about 36.7%. Profit after tax nearly doubled to ₹491.45 lakhs from ₹247.22 lakhs, up roughly 99%. Operating cash flow turned strongly positive at ₹988.58 lakhs versus a negative ₹1,143.58 lakhs last year. Consolidated numbers were broadly similar, with one subsidiary (Intraglobe Green Energy) contributing negligible revenue. The board also disclosed a 51% acquisition of Govind Kripa Infratech Pvt Ltd (GKIT) for about ₹29.43 crore via a share swap of 30.69 lakh equity shares.
Strong double-digit revenue growth and near doubling of profits signal healthy operational momentum for shareholders. The acquisition of GKIT through a share swap (rather than cash outflow) is a non-dilutive way to expand but should be watched for integration risk. With unmodified auditor opinion and positive operating cash flow, fundamentals look supportive.