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.

Globe Civil Projects Limited, a prominent player in the Engineering, Procurement & Construction (EPC) sector, has released its financial results for the first quarter of fiscal year 2026, revealing a significant revenue decline as the company navigates its post-IPO phase.

Financial Performance

For the quarter ended June 30, 2025, Globe Civil Projects reported the following key financial metrics on a standalone basis:

The company's consolidated financial results showed a similar trend:

Post-IPO Transition

Globe Civil Projects completed its Initial Public Offering (IPO) during the quarter, allotting 16.76 million equity shares at ₹71 per share, raising a total of ₹1,190 crore. The shares were subsequently listed on the National Stock Exchange of India Limited (NSE) and BSE Limited on July 15, 2025.

Project Pipeline

In a significant development post the quarter-end, Globe Civil Projects secured a major contract on August 14, 2025. The company received a Letter of Award for the "Construction of International Cricket Stadium at Lohat, Jhajjar, Haryana for Haryana Cricket Association" valued at ₹222.20 crore. The project has a completion period of 24 months.

Financial Analysis

The financial results reflect a challenging quarter for Globe Civil Projects:

• Standalone revenue from operations decreased by 34.28% quarter-on-quarter (QoQ) to ₹65.13 crore.
• Consolidated revenue saw a steeper decline of 45.65% QoQ, reaching ₹67.35 crore.
• Net profit on both standalone and consolidated basis decreased by approximately 19% QoQ.
• Basic Earnings Per Share (EPS) reduced from ₹1.44 to ₹1.16, a 19.44% decline.

The substantial decline in revenue, both on a standalone and consolidated basis, suggests potential project delays or a temporary slowdown in the execution of ongoing contracts.

Outlook

As Globe Civil Projects navigates its post-IPO phase, investors will be keenly watching how the company utilizes its newly raised capital to fuel growth and improve operational efficiency. The recent large project win demonstrates the company's ability to secure significant contracts, which could potentially boost future revenues.

The company's performance in the coming quarters will be crucial in determining whether the Q1 FY26 results represent a temporary setback or if more sustained efforts are needed to return to a growth trajectory in the competitive EPC sector.