Globe Civil Projects LimitedQ1 FY27 Results & Financial Update

Globe Civil Projects Limited: Q1 FY27 consolidated results and company financials – revenue ₹92.30 Cr, PAT ₹7.09 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: GLOBECIVILPublished 19 Oct 2026Updated 19 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹92.30 CrReported Q1 FY27
Profit after tax₹7.09 CrReported Q1 FY27
EPS₹1.19Reported Q1 FY27

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Quarterly Results AnalysisExplore Globe Civil Projects Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Globe Civil Projects Limited reported consolidated revenue from operations of INR 92.304 crore for the quarter ended June 30, 2026. Total income for the period reached INR 92.923 crore, inclusive of INR 0.619 crore in other income.

02

Profit before tax (PBT) stood at INR 10.011 crore after accounting for a share of net profit from associates of INR (0.068) crore. Total tax expenses for the quarter were INR 2.852 crore, comprising current tax of INR 2.700 crore, deferred tax of INR (0.036) crore, and tax adjustments related to prior years of INR 0.188 crore.

04

Total expenses for the quarter aggregated to INR 82.912 crore. The primary cost component was the cost of materials consumed at INR 35.144 crore, alongside purchases of traded goods amounting to INR 0.716 crore and a positive inventory change of INR (3.717) crore in work-in-progress and stock-in-trade.

05

Construction expenses formed a major operating outlay at INR 38.359 crore, while employee benefit expenses were reported at INR 3.193 crore. Finance costs for the quarter were registered at INR 4.030 crore, and depreciation and amortisation expense stood at INR 1.764 crore, with other expenses accounting for INR 3.423 crore.

06

The company's statutory auditors, Jagdish Chand & Co., issued an unmodified limited review report on the consolidated financial statements. The results include proportionate financial figures from six unincorporated joint ventures and one associate company, Southern Globe Hotel and Resorts Limited.

07

Profit before tax was ₹10.01 Cr for the reported quarter. EPS was ₹1.19 for the reported quarter.

01 · Business model

What does Globe Civil Projects do?

Globe Civil Projects Limited operates as an engineering, procurement, and construction (EPC) contractor executing civil infrastructure and construction projects. The company undertakes large-scale construction assignments spanning building works, public infrastructure, and related engineering services.

The enterprise delivers its construction and project execution capabilities through its standalone operations as well as via multiple unincorporated joint ventures, consortia, and an associate company structure. Operating across varied project sites, the company manages complex supply chains involving direct material consumption, heavy equipment hiring, and extensive subcontractor deployment.

Revenue generation centers on project milestone execution, direct material procurement, and contract billing under EPC agreements. The economic model relies on efficient site execution, managing input costs such as construction materials and wages, and maintaining working capital liquidity derived from customer billings and initial public offering proceeds.

02 · Historical context

What shaped the business before this quarter

Corporate Structure Transition

The company formerly operated as Globe Civil Projects Private Limited before transitioning into a public corporate entity.

03 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹92.30 Cr
Total income₹92.92 Cr
Profit before tax₹10.01 Cr
Profit after tax₹7.09 Cr
EPS₹1.19

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 7.7% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 10.8% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹0.62 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

EPC Project Execution

Revenue is driven by the physical progress and milestone billing of engineering, procurement, and construction contracts undertaken across various infrastructure sites.

Other Income Contribution

Other income added INR 0.619 crore to the total income of INR 92.923 crore for the quarter.

What drove margins

Material Consumption and Construction Outlays

Cost of materials consumed stood at INR 35.144 crore, while construction expenses reached INR 38.359 crore, representing the largest cost blocks influencing operating profitability.

Subcontractor and Equipment Costs

Construction expenses detailed wages and subcontractors at INR 35.592 crore, hiring charges of construction equipment at INR 1.595 crore, generator running expenses at INR 0.548 crore, electricity and water charges at INR 0.469 crore, and project construction consultancy at INR 0.052 crore.

Financing and Depreciation Burdens

Finance costs of INR 4.030 crore and depreciation and amortisation of INR 1.764 crore exerted ongoing claims against operating earnings before reaching a profit before tax of INR 10.011 crore.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single EPC Segment

The Chief Operating Decision Maker (CODM) evaluates the company's performance under a single operating and reportable segment, Engineering, Procurement & Construction (EPC), in accordance with Ind AS 108.

06 · Capacity, projects & execution

What is being built, commissioned or delivered

Projects, capex and execution

Net IPO Proceeds Utilisation for Capital Expenditure

Out of the original allocation of INR 142.55 crore for capital expenditure from net IPO proceeds, the company had utilised INR 112.90 crore as of June 30, 2026, leaving an unutilised balance of INR 29.65 crore.

07 · Strategy & new businesses

How the company is trying to change its growth mix

Joint Venture and Associate Participation

The consolidated results incorporate the operations of six joint ventures—KSMB Globe Joint Venture, Arvind Techno Globe Joint Venture, SCL-GCPL Joint Venture, GCPPL-SCIPL Consortium, Globe Civil Premier Infra JV, and KSIB GCPPL Joint Venture LLP—alongside an associate company, Southern Globe Hotel and Resorts Limited.

08 · Reported developments

What changed operationally

Unmodified Auditor Review

Statutory auditors issued an unmodified review report on the consolidated financial results for the quarter ended June 30, 2026.

09 · Pressure points & risks

What is not going smoothly

Joint Venture and Associate Contributions

The six joint ventures collectively reported a net loss after tax of INR (0.01) million on total revenues of INR 4.63 million for the quarter. The associate company, Southern Globe Hotel and Resorts Limited, contributed a share of net loss of INR (0.68) million for the period.

10 · Items worth noticing

The line items that can distort a quick read

Joint Venture and Associate Financial Impact

Consolidated results included proportionate financial disclosures from six joint ventures reflecting total revenues of INR 4.63 million and a net loss after tax of INR (0.01) million, alongside an associate company share of net loss of INR (0.68) million.

11 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Working Capital IPO Allocation

The company fully utilised its allocated IPO proceeds of INR 75.00 crore toward working capital requirements by June 30, 2026.

Unutilised IPO Proceeds Deployment

The unutilised balance of net IPO proceeds amounting to INR 46.80 million (INR 4.68 crore) was held with banks as fixed deposits, including accrued interest thereon.

Capital allocation & funding

Finance Cost Servicing

The company incurred finance costs of INR 4.030 crore during the quarter ended June 30, 2026.

12 · Beyond the numbers

What changed beyond the numbers

Reported update

Limited Review Report Omission Correction

The company issued a clarification regarding an inadvertent omission of Point No. 4 of the Limited Review Report during the initial scanning and compilation for the NSE portal upload on August 12, 2026, subsequently confirming that the complete report was submitted to BSE and subsequently filed with NSE.

13 · Key Q&A

The quarter, answered directly

What does Globe Civil Projects do?

Globe Civil Projects Limited operates as an engineering, procurement, and construction (EPC) contractor executing civil infrastructure and construction projects. The company undertakes large-scale construction assignments spanning building works, public infrastructure, and related engineering services.

What is the clearest takeaway from Q1 FY27?

Globe Civil Projects Limited reported consolidated revenue from operations of INR 92.304 crore for the quarter ended June 30, 2026. Total income for the period reached INR 92.923 crore, inclusive of INR 0.619 crore in other income.

What drove revenue or demand?

Revenue is driven by the physical progress and milestone billing of engineering, procurement, and construction contracts undertaken across various infrastructure sites.

What mattered most for margins or profitability?

Cost of materials consumed stood at INR 35.144 crore, while construction expenses reached INR 38.359 crore, representing the largest cost blocks influencing operating profitability.

What changed operationally beyond the headline numbers?

Out of the original allocation of INR 142.55 crore for capital expenditure from net IPO proceeds, the company had utilised INR 112.90 crore as of June 30, 2026, leaving an unutilised balance of INR 29.65 crore.

What are the main pressure points disclosed for the quarter?

The six joint ventures collectively reported a net loss after tax of INR (0.01) million on total revenues of INR 4.63 million for the quarter. The associate company, Southern Globe Hotel and Resorts Limited, contributed a share of net loss of INR (0.68) million for the period.

14 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

15 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Deployment of Unutilised IPO Proceeds: Monitor the utilisation of the remaining INR 4.68 crore (INR 46.80 million) of unutilised net IPO proceeds currently held in bank fixed deposits.

  2. 02

    Execution of EPC Order Book: Track the progress of ongoing engineering, procurement, and construction contracts across the company's standalone operations and joint venture partnerships.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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