Globe International Carriers Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
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The Board of Globe International Carriers Limited approved unaudited financial results for the quarter ended June 30, 2025. Standalone revenue from operations rose to Rs. 3,433.13 Lakhs from Rs. 3,072.85 Lakhs in Q1 FY25, an increase of about 11.7%. Profit after tax nearly doubled to Rs. 174.16 Lakhs from Rs. 89.02 Lakhs, translating to basic EPS of Rs. 0.62 versus Rs. 0.36. The results include an exceptional gain of Rs. 11.12 Lakhs from profit on sale of fixed assets. Consolidated PAT was Rs. 145.20 Lakhs, with the newly acquired 51% subsidiary Govind Kripa Infratech contributing Rs. 106.89 Lakhs in revenue but a loss of Rs. 27.40 Lakhs at the group level. The company also disclosed that Rs. 1,350 Lakhs from the FY24 rights issue has been re-allocated toward working capital, of which Rs. 75 Lakhs has been used so far.
Strong profit growth and EPS improvement are positive for shareholders, though revenue growth was modest. The Rs. 29.43 crore share-swap acquisition of Govind Kripa Infratech expands the business but is currently loss-making at the subsidiary level, which may weigh on consolidated margins going forward.