Globe Civil Projects Limited (NSE: GLOBECIVIL, BSE: 544424), a leading integrated engineering, procurement, and construction (EPC) company, has announced its unaudited financial results for the first quarter, revealing a mixed performance with significant revenue growth but a sharp decline in profitability.

Financial Highlights

On a standalone basis, Globe Civil Projects reported:

On a consolidated basis, the company's performance showed:

New Order Wins and Project Pipeline

Despite the challenging financial results, Globe Civil Projects has shown strong momentum in securing new projects:

• The company secured new orders worth ₹450 crore in the last 45 days, with projects valued at ₹225 crore already commencing.
• The current order book stands at approximately ₹1,000 crore, providing strong visibility for future growth.

Key project wins include:

1. IIT Kanpur Project (Kotak School of Sustainability): A ₹61.78 crore contract for finishing works, to be completed within 16 months.
2. Central University of Punjab Project: A ₹172.99 crore contract from NBCC for constructing academic buildings and campus development in Bathinda, with a 21-month completion timeline.
3. International Cricket Stadium, Haryana: A ₹222.20 crore project for constructing an international cricket stadium in Lohat, Jhajjar, to be completed within 24 months.

Strategic Focus and Operational Efficiency

Ved Prakash Khurana, Chairman and Whole-time Director of Globe Civil Projects Limited, commented on the company's performance: "We are pleased to commence on a strong note, backed by robust order inflows, disciplined project selection, and timely execution. Operational efficiency was maintained through our integrated EPC capabilities across civil, MEP, HVAC, firefighting, architectural, and structural solutions."

The company has strategically streamlined its operations by focusing solely on the contractual EPC segment and discontinuing its trading business. Construction now contributes nearly 99% of profits, positioning the company for sustainable growth and long-term value creation.

Recent Developments

Globe Civil Projects Limited successfully completed its Initial Public Offering (IPO) of ₹119 crore and listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on July 1. This milestone has positioned the company for its next phase of growth in India's infrastructure sector.

With a growing footprint spanning eleven states, Globe Civil Projects continues to strengthen its position in executing diverse infrastructure and non-infrastructure projects across India. The company's expertise extends from transport and logistics to social and commercial infrastructure, as well as premium commercial and residential developments.

The company's strong order book and strategic focus on the EPC segment may help in improving financial performance in the coming quarters.

Globe Civil Projects Limited (GCPL), a prominent player in the Engineering, Procurement & Construction (EPC) sector, has announced a significant new project and released its financial results for the quarter ended June 30, 2025.

Major Contract Win

GCPL has secured a prestigious contract for the construction of an International Cricket Stadium in Lohat, Jhajjar, Haryana. The project, awarded by the Haryana Cricket Association, is valued at Rs 222.20 crore. The company is set to complete the construction within a 24-month timeframe, showcasing its capability to handle large-scale infrastructure projects.

Financial Performance

For the quarter ended June 30, 2025, GCPL reported the following consolidated financial results:

The company demonstrated strong financial performance with a revenue from operations of Rs 673.50 million and a net profit of Rs 50.50 million for the quarter.

Utilization of IPO Proceeds

GCPL recently completed its Initial Public Offering (IPO), raising Rs 119 crore. As of June 30, 2025, the company has not yet utilized the IPO proceeds, which are currently held in a designated bank account. The funds are earmarked for:

• Working capital requirements: Rs 75 crore
• Capital expenditure: Rs 14.26 crore
• General corporate purposes: Rs 17.13 crore
• Issue-related expenses: Rs 12.62 crore

Future Outlook

With a strong order book bolstered by the new stadium project and a successful IPO, Globe Civil Projects Limited is well-positioned for growth in the coming quarters. The company's ability to secure large-scale projects demonstrates its strong market presence in the EPC sector.

As GCPL moves forward with its expansion plans and utilizes the IPO proceeds, investors and industry observers will be keenly watching the company's performance and project execution in the forthcoming quarters.