Globe Civil Projects Limited Announces Audited Financial Results and Key Auditor Re-appointments
Globe Civil Projects Limited confirmed the approval of its audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. During the board meeting held on May 30, 2026, the company also approved the reappointment of external auditing partners for the financial year 2026-27.The company's financial results for the period were audited by M/s. Jagdish Chand & Co., Chartered Accountants, who issued an audit report with an unmodified opinion on both the standalone and consolidated financial results.
Audit Committee and Statutory Appointments
The board meeting outcomes covered key statutory approvals:1. Cost Auditor Reappointment: Following the recommendation of the Audit Committee, M/s. Jain Sharma & Associates, Cost Accountants, were reappointed as the Cost Auditor of the Company for the financial year 2026-27.
2. Internal Auditor Reappointment: Similarly, M/s. Rajnish & Associates, Chartered Accountants, were recommended and approved for reappointment as the Internal Auditor for the financial year 2026-27.
Consolidated Financial Health Overview
The company provided detailed financial statements, including the Balance Sheet and Cash Flow Statements, for the quarter and year ended March 31, 2026, and compared them with figures from March 31, 2025.The Consolidated Statement of Assets and Liabilities shows the following figures (in ¥ millions):
| Particular | As at March 31, 2026 (Audited) | As at March 2025 (Audited) |
|---|---|---|
| Total Non-Current Assets | 67,238 | 508.51 |
| Total Current Assets | 473,395 | 3,668.35 |
| TOTAL ASSETS | 540,633 | 3,668.35 |
| Total Equity | 237,867 | 1.062.73 |
| Total Non-Current Liabilities | 189.88 | 207.76 |
| Total Current Liabilities | 2,837.98 | 2,397.86 |
| TOTAL EQUITY AND LIABILITIES | 540,633 | 3,668.35 |
The company also reported the following consolidated revenue and profit figures:
| Item | Quarter ended March 31, 2026 (₹ million) | Year ended March 31, 2026 (₹ million) |
|---|---|---|
| Total Income | 103,091 | 2,992 |
| Total Expenses | 348,323 | 90,87 |
| Profit before Tax | 9,996 | 1,145 |
Financial Statements and Cash Flow
The audited statements provide comprehensive financial data for the period, including the following key cash movements (in 2 millions unless otherwise stated):| Activity | Year ended March 31, 2026 | Year ended March 31, 2025 |
|---|---|---|
| Cash Flow from Operating Activities (Net) | (538.90) | (111.62) |
| Cash Flow from Investing Activities (Net) | (265.51) | 25.76 |
| Cash Flow from Financing Activities (Net) | 7,492 | 207 |
| Net increase in cash and cash equivalents | 7,872 | 3.80 |
The company reported that its primary business segments are Engineering, Procurement & Construction (EPC) and Trading of Goods.
IPO Proceeds Utilization
The utilization of the net IPO proceeds, aggregating to Rs. 1190.00 million, is summarized below:| Particulars | Amount as per Offer Document (₹ Millions) | Utilization As on March 2026 (₹ Millions) | Balance/Unutilized* (₹ Millions) |
|---|---|---|---|
| Capital Expenditure | 142.55 | 68.11 | 74.44 |
| Working capital requirements | 750 | 748.17 | 1.83 |
| General corporate purpose | 171.3 | 146.16 | 25.14 |
| Issue related expenses | 126.15 | 125.83 | 0.32 |
| Total | 1,190 | 1,088.27 | 101.73 |
The company previously issued 1,67,60,560 equity shares of face value of Rs 10/- at an issue price of 71/- per share, aggregating to Rs. 1190.00 million.
GLOBECIVIL Stock Price Movement
On Friday, Globe Civil Projects Limited shares edged higher to close at ₹42.59, gaining 1.82% for the session. The equity recorded a volume of 18,099 shares, providing context to the day’s upward momentum.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: