Globe Textiles (India)'s Q2 FY 2025-26 Quarterly Results

Result Summary

• Globe Textiles (India) Ltd reported a 6.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 5.6%.
• Its expenses for the quarter were up by 5.8% QoQ and 6.0% YoY.
• The net profit increased 218.6% QoQ and increased 17.4% YoY.
• The earnings per share (EPS) of Globe Textiles (India) Ltd stood at 0.1 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Globe Textiles (India) Ltd is a company operating in the textile industry, primarily engaged in the production and distribution of textile products. This sector is known for manufacturing a wide range of fabrics and garments, catering to both domestic and international markets. The company's product portfolio typically includes items like cotton textiles, denim, and other apparel-related products. Information about any recent major developments is not available at this time. Globe Textiles is positioned within an industry that is influenced by factors such as raw material costs, labor availability, and global trade dynamics.

Revenue

In Q2FY26, Globe Textiles reported a total income of ₹158.56 crores, which represents a 6.8% increase from the previous quarter (Q1FY26) where the income was ₹148.45 crores. Comparing year-over-year figures, the total income grew by 5.6% from ₹150.20 crores in Q2FY25. This growth suggests a positive trend in the company's revenue over both the quarterly and yearly periods. The revenue increase over these periods could be indicative of effective sales strategies or market expansion, although the specific reasons are not detailed here.

Profitability

Globe Textiles' profitability metrics in Q2FY26 show significant changes compared to both the previous quarter and the same quarter last year. The Profit Before Tax (PBT) was ₹4.16 crores in Q2FY26, which is a notable 68.4% increase from ₹2.47 crores in Q1FY26. However, it is slightly lower by 7.8% compared to ₹4.51 crores in Q2FY25. Tax expenses in Q2FY26 were -₹0.31 crores, showing a substantial decrease from ₹1.07 crores in Q1FY26, and a decline from ₹0.70 crores in Q2FY25. The Profit After Tax (PAT) for Q2FY26 was ₹4.46 crores, marking a 218.6% increase from Q1FY26 which was ₹1.40 crores and a 17.4% increase from Q2FY25's ₹3.80 crores. Earnings Per Share (EPS) for Q2FY26 was ₹0.10, a significant jump of 233.3% from Q1FY26's ₹0.03, though it decreased by 23.1% from ₹0.13 in Q2FY25.

Operating Metrics

The total expenses for Globe Textiles in Q2FY26 were ₹154.41 crores, reflecting a 5.8% increase from the previous quarter's (Q1FY26) expenses of ₹145.98 crores. Compared to Q2FY25, the expenses increased by 6.0% from ₹145.70 crores. This rise in expenses aligns with the revenue growth, indicating a consistent scaling in operations. The company's tax situation in Q2FY26 was notably different, with a negative tax amount of -₹0.31 crores compared to a positive tax of ₹1.07 crores in Q1FY26 and ₹0.70 crores in Q2FY25. This anomaly in tax figures over the quarters and year may be due to changes in tax policies, deductions, or adjustments, though specific details are not provided.