Globe Textiles (India) Ltd's Q3FY25 Quarterly Results

Result Summary

• Globe Textiles (India) Ltd reported a 2.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 44.8%.
• Its expenses for the quarter were up by 3.3% QoQ and 44.4% YoY.
• The net profit decreased 23.2% QoQ and increased 54.5% YoY.
• The earnings per share (EPS) of Globe Textiles (India) Ltd stood at 0.1 during Q3FY25.

Financial Statments for Q3FY25

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 primarily engaged in the textile industry, headquartered in India. The company is involved in the manufacturing and trading of textile products, including garments and fabrics. Globe Textiles serves both domestic and international markets, providing a variety of textile solutions to meet diverse customer needs. As of the last available data, there are no specific major developments or changes in the company's operations mentioned within the provided data.

Revenue

For the quarter ending Q3FY25, Globe Textiles (India) Ltd reported a total income of ₹154.32 crores. This represents a quarter-over-quarter (QoQ) increase of 2.7% compared to Q2FY25, where the total income stood at ₹150.20 crores. On a year-over-year (YoY) basis, the total income showed a significant increase of 44.8% from ₹106.61 crores in Q3FY24. This growth in revenue highlights the company's ability to generate higher sales volumes or increased pricing over the past year and quarter.

Profitability

During Q3FY25, Globe Textiles recorded a Profit Before Tax (PBT) of ₹3.74 crores, which experienced a decline of 17.1% from the previous quarter's PBT of ₹4.51 crores. However, when compared to the same quarter in the previous year, the PBT increased by 60.5% from ₹2.33 crores. The Tax for Q3FY25 amounted to ₹0.83 crores, which indicated an 18.6% increase QoQ and an 88.6% increase YoY. Consequently, the Profit After Tax (PAT) for Q3FY25 was ₹2.92 crores, down 23.2% from ₹3.80 crores in Q2FY25, but up 54.5% from ₹1.89 crores in Q3FY24. The Earnings Per Share (EPS) remained constant at ₹0.10 for both Q3FY25 and Q2FY25, showing no change from the previous quarter.

Operating Metrics

The total expenses for Globe Textiles in Q3FY25 were reported at ₹150.58 crores, marking a 3.3% increase from Q2FY25, which had total expenses of ₹145.70 crores. Compared to Q3FY24, total expenses increased by 44.4% from ₹104.27 crores. The data suggests a proportional relationship between the increase in total income and total expenses on both a QoQ and YoY basis, maintaining a steady expense-to-income ratio. Despite the increase in expenses, the company's ability to sustain a positive net income reflects operational efficiency to some extent. While specific financial ratios such as P/E ratio, debt-to-equity ratio, or current ratio are not calculated directly from the provided data, the consistency in EPS suggests stable performance in equity returns over the analyzed periods.