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.
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Chart · Market context
Globe Civil Projects price & chart
Quarter overview
Quarterly earnings analysis
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.
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.
Consolidated net profit (PAT) for Q1 FY27 settled at INR 7.091 crore, translating to basic and diluted earnings per share (EPS) of INR 1.19 on a face value of INR 10 per share. Total comprehensive income for the quarter was INR 7.023 crore after accounting for other comprehensive income items.
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.
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.
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.
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
The company formerly operated as Globe Civil Projects Private Limited before transitioning into a public corporate entity.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 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 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.
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.
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
Revenue is driven by the physical progress and milestone billing of engineering, procurement, and construction contracts undertaken across various infrastructure sites.
Other income added INR 0.619 crore to the total income of INR 92.923 crore for the quarter.
What drove margins
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.
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.
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
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
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
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
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
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
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.
The company fully utilised its allocated IPO proceeds of INR 75.00 crore toward working capital requirements by June 30, 2026.
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
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
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?
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15 · Next filing checkpoints
What the next disclosure can confirm or change
- 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.
- 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.
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