Globe Civil Projects Limited Announces Q3 FY26 Financial Results Following Board Meeting

3 min read     Updated on 15 Feb 2026, 03:06 PM
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Overview

Globe Civil Projects Limited successfully conducted its scheduled board meeting on February 14, 2026, approving unaudited standalone and consolidated financial results for Q3 FY26. The company demonstrated regulatory compliance with SEBI requirements, received unmodified audit opinions, and provided detailed updates on IPO proceeds utilization totaling ₹119.00 crore with ₹103.63 crore already deployed across strategic initiatives.

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Globe Civil Projects Limited successfully conducted its scheduled board meeting on February 14, 2026, approving the company's unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The board meeting, which commenced at 05:50 P.M. and concluded at 07:00 P.M., fulfilled the company's regulatory obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Outcome

The board of directors formally considered and approved comprehensive financial documents covering both quarterly and nine-month periods. The company notified both the National Stock Exchange of India Limited and BSE Limited about the successful completion of this important corporate development.

Meeting Parameter: Details
Meeting Date: February 14, 2026
Meeting Duration: 05:50 P.M. to 07:00 P.M.
Financial Period: Quarter and nine months ended December 31, 2025
Results Type: Unaudited standalone and consolidated
Regulatory Framework: SEBI (LODR) Regulations, 2015

Audit Committee and Statutory Review

The financial results received approval from the Audit Committee at their meeting held on February 14, 2026, before being presented to the board of directors. Jagdish Chand & Co., Chartered Accountants (Firm Registration Number: 000129N), conducted a limited review of both standalone and consolidated financial results under Regulation 33 of the SEBI regulations.

The statutory auditors expressed an unmodified opinion on the financial results, confirming compliance with Indian Accounting Standards and regulatory requirements. Partner Pawan Kumar (Membership Number: 511057) signed the limited review reports on behalf of the audit firm.

Financial Results Framework

The financial statements were prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013. The company identified "Engineering, Procurement & Construction" (EPC) as its only reportable operating segment based on quantitative measures and internal reporting used by the Chief Operating Decision Maker.

Cost Component: Q3 FY26 (₹ Millions) Q2 FY26 (₹ Millions) Nine Months FY26 (₹ Millions)
Wages and Subcontractors: 399.27 424.53 1125.53
Hiring Charges: 12.71 10.04 29.30
Electricity and Power: 2.61 7.27 16.11
Generator Expenses: 3.27 2.33 7.51
Total Cost of Construction: 424.90 456.72 1202.55

IPO Proceeds Utilization

The company provided an update on the utilization of net IPO proceeds, demonstrating progress across various strategic initiatives. Globe Civil Projects had raised ₹119.00 crore through its Initial Public Offering, with equity shares listed on NSE and BSE on July 1, 2025.

IPO Utilization: Allocated (₹ crore) Utilized (₹ crore) Balance (₹ crore)
Working Capital: 75.00 74.87 0.23
General Corporate Purpose: 17.13 14.01 3.12
Capital Expenditure: 14.26 2.33 11.93
Issue Related Expenses: 12.62 12.52 0.09
Total: 119.00 103.63 15.37

Regulatory Compliance and Disclosure

The announcement demonstrates Globe Civil Projects' adherence to transparency requirements and regulatory compliance. The company noted that comparative financials for the quarter ended December 31, 2024, are not available since the equity shares were listed on July 1, 2025, and the company was not required to prepare such comparative financials.

The consolidated financial results include six joint ventures/operations and one associate company, with the statutory auditors noting that these entities' financial information is unaudited but not material to the group. The financial results are available on stock exchange websites and the company's official website at www.globecivilprojects.com .

Historical Stock Returns for Globe Civil Projects

1 Day5 Days1 Month6 Months1 Year5 Years
+1.51%-7.38%-19.07%-43.74%-54.40%-54.40%

Globe Civil Projects Secures Multiple Construction Contracts Worth Over Rs. 17 Crore

2 min read     Updated on 11 Dec 2025, 01:22 PM
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Reviewed by
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Overview

Globe Civil Projects Limited announced winning multiple construction contracts worth over Rs. 17 crore, including a 12-month Rs. 13.11 crore sports complex project at NIT Delhi through TCIL and a 45-day Rs. 2.37 crore indoor sports complex flooring and lighting project at GGSIPU Dwarka. The contracts strengthen the company's position in institutional and sports infrastructure segments.

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Globe Civil Projects Limited , a prominent player in the construction sector, has announced significant new project wins. The company has secured multiple contracts with a combined value of over Rs. 17 crore, strengthening its position in the institutional infrastructure segment.

NIT Delhi Sports Complex Project

Globe Civil Projects has received a letter of intent for a contract valued at Rs. 13.11 crore from Telecommunications Consultants India Limited (TCIL).

Project Details

The project involves the construction of a Sports Complex at the National Institute of Technology (NIT) Delhi. In addition to the construction work, the scope includes the supply, execution, testing, and commissioning of 11 KV HT electrical work at the institute.

Contract Specifics

Item: Detail
Contract Value: Rs. 13,11,49,432
Awarding Entity: Telecommunications Consultants India Limited
Nature of Contract: EPC-II Basis (Engineering, Procurement, and Construction)
Project Duration: 12 months
Location: National Institute of Technology Delhi

GGSIPU Indoor Sports Complex Project

The company has secured another significant contract for an indoor sports complex at Guru Gobind Singh Indraprastha University (GGSIPU) in New Delhi.

Project Details

Globe Civil Projects received a Letter of Award worth Rs. 2,37,44,655 for the construction of indoor sports complex at GGSIPU, Sector 16C, Dwarka, New Delhi. The project specifically involves providing and fixing flooring, light fixtures and allied works.

Contract Specifics

Item: Detail
Contract Value: Rs. 2,37,44,655
Estimated Cost: Rs. 2,37,94,624
Awarded At: 0.21% below estimated cost
Project Duration: 45 days
Location: Guru Gobind Singh Indraprastha University, Sector 16C, Dwarka, New Delhi
Performance Guarantee: Rs. 11,87,233
Nature of Contract: BOQ - Bill of Quantities

Management Commentary

Mr. Vipul Khurana, Managing Director of Globe Civil Projects Limited, expressed satisfaction with the latest order win. He stated that the company is pleased to receive this order from Guru Gobind Singh Indraprastha University, which reinforces their continued presence in the institutional and sports infrastructure segment. He emphasized that projects of this nature align well with the company's core execution capabilities in finishing, MEP and allied works.

Additional Information

According to the company's filing with the stock exchanges regarding both projects:

  • The contracts have been awarded by domestic entities
  • The projects do not involve any related party transactions
  • Neither the promoter nor the promoter group or group companies have any interest in the awarding entities

For the GGSIPU project, the company is required to submit a performance guarantee of Rs. 11,87,233 within 7 days of the letter issuance, with a maximum extension of 7 days allowed with a late fee of 0.1% per day.

These new projects align with Globe Civil Projects' expertise in construction and infrastructure development. With over two decades of experience as an integrated EPC company, Globe Civil specializes in institutional, social infrastructure, public buildings, airports, railway terminals, healthcare facilities and sports infrastructure. The company's ability to secure contracts from reputable institutions demonstrates its strong market position and execution capabilities.

Historical Stock Returns for Globe Civil Projects

1 Day5 Days1 Month6 Months1 Year5 Years
+1.51%-7.38%-19.07%-43.74%-54.40%-54.40%

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1 Year Returns:-54.40%