Globe Civil Projects Q1 FY27 Revenue Up 41% YoY

Company Overview

Globe Civil Projects Limited is a New Delhi-based EPC and infrastructure development company with over two decades of experience. It operates with fully integrated capabilities covering civil and structural works, MEP services, HVAC systems, and turnkey project execution. The company was successfully listed on NSE and BSE on July 1, 2025.

Key Operational Metrics:

Presence across 11+ states
Completed 40+ projects
120+ employees (technical & administrative team)
Strong Government & PSU Client Base (including CPWD, NBCC, RLDA, IITs, NITs)

Business Segments and Geographical Presence

The company categorizes its projects into Infrastructure and Non-Infrastructure. It has a sustained presence across major infrastructure hubs in Delhi, Haryana, Punjab, Gujarat, Uttar Pradesh, Karnataka, Maharashtra, Chhattisgarh, Andhra Pradesh, Chandigarh, and Himachal Pradesh, backed by repeat orders from CPWD, NBCC, TCIL, IITs, and NITs.

Financial Performance

Q1 FY27 Standalone Results

| Revenues | 918.41 | 651.33 | 41.00% |

| Other Income | 6.18 | 3.63 | 70.25% |

| Total Income | 924.59 | 654.96 | 41.17% |

| Cost of Construction Material | 700.42 | 496.15 | 41.17% |

| Employee costs | 31.93 | 21.37 | 49.41% |

| Other expenses | 34.18 | 18.66 | 83.17% |

| Total Expenditure | 766.53 | 536.18 | 42.96% |

| EBITDA | 158.06 | 118.78 | 33.07% |

| Interest Costs | 40.30 | 42.91 | -6.08% |

| Depreciation | 17.64 | 7.67 | 130.00% |

| PBT | 100.12 | 68.20 | 46.80% |

| Tax | 28.52 | 17.62 | 61.86% |

| PAT | 71.60 | 50.58 | 41.56% |

Q1 FY27 Consolidated Results

| Revenues | 923.04 | 673.50 | 37.07% |

| Other Income | 6.19 | 3.48 | 77.87% |

| Total Income | 929.23 | 676.98 | 37.26% |

| Cost of Construction Material | 705.02 | 518.14 | 36.07% |

| Employee costs | 31.93 | 21.37 | 49.41% |

| Other expenses | 34.23 | 18.66 | 83.44% |

| Total Expenditure | 771.18 | 558.17 | 38.18% |

| EBITDA | 158.05 | 118.81 | 33.03% |

| Interest Costs | 40.30 | 42.94 | -6.15% |

| Depreciation | 17.64 | 7.67 | 130.00% |

| PBT | 99.43 | 68.12 | 46.00% |

| Tax | 28.52 | 17.62 | 61.86% |

| PAT | 70.91 | 50.50 | 40.42% |

FY26 Annual Standalone Performance

| Revenues | 3,765.29 | 3,259.92 | 2,949.05 |

| Other Income | 32.24 | 28.43 | 21.59 |

| Total Income | 3,797.53 | 3,288.35 | 2,970.64 |

| Cost of Construction Material | 3,007.92 | 2,509.93 | 2,340.56 |

| Employee costs | 107.21 | 90.02 | 77.97 |

| Other expenses | 111.88 | 124.33 | 84.93 |

| Total Expenditure | 3,227.01 | 2,724.28 | 2,503.46 |

| EBITDA | 570.52 | 564.07 | 467.18 |

| Interest Costs | 204.64 | 192.72 | 222.12 |

| Depreciation | 53.54 | 38.98 | 38.37 |

| PBT | 312.34 | 332.37 | 206.69 |

| Tax | 79.26 | 91.86 | 52.90 |

| PAT | 233.08 | 240.51 | 153.79 |

FY26 Annual Consolidated Performance

| Revenues | 4,057.15 | 3,785.76 | 3,321.62 |

| Other Income | 33.24 | 29.92 | 26.52 |

| Total Income | 4,090.39 | 3,815.68 | 3,348.14 |

| Cost of Construction Material | 3,299.70 | 3,025.98 | 2,711.48 |

| Employee costs | 107.21 | 90.02 | 77.97 |

| Other expenses | 121.11 | 133.82 | 85.63 |

| Total Expenditure | 3,519.02 | 3,249.82 | 2,875.08 |

| EBITDA | 571.37 | 565.86 | 473.06 |

| Finance Costs | 204.64 | 194.43 | 224.80 |

| Depreciation | 53.54 | 38.98 | 38.37 |

| Share of P/L of Associate Companies | (0.10) | (0.01) | 0.00 |

| PBT | 313.09 | 332.44 | 209.89 |

| Tax | 80.10 | 91.93 | 56.10 |

| Net Profit | 232.99 | 240.51 | 153.79 |

| Other Comprehensive Income | (2.72) | 0.91 | (1.50) |

| Total Comprehensive Income | 230.27 | 241.42 | 152.29 |

| EPS | 4.18 | 5.52 | 3.58 |

Historical Growth: Revenue grew at a CAGR of 10.52% from Fiscal 2024 to 2026, while profit before tax surged at a CAGR of 22.13%.

Consolidated Balance Sheet (as of FY26)

Liabilities:

Equity: ₹597.19 Cr
Net Worth: ₹2,378.67 Cr
Non Current Borrowings: ₹123.89 Cr
Other Non-Current Financial Liabilities: ₹28.21 Cr
Long Term Provision: ₹7.87 Cr
Other financial Liabilities: ₹29.91 Cr
Current Borrowings: ₹1,376.37 Cr
Trade Payables: ₹901.68 Cr
Other financial Liabilities: ₹102.16 Cr
Short Term Provisions: ₹5.72 Cr
Other Current Liabilities: ₹451.85 Cr
Total Liabilities: ₹5,406.33 Cr

Assets:

Fixed assets: ₹416.88 Cr
Non Current Investments: ₹0.17 Cr
Other Non Current Financial Assets: ₹227.24 Cr
Other Non Current Assets: ₹21.40 Cr & ₹6.69 Cr
Inventories: ₹1,624.03 Cr
Trade receivables: ₹2,138.48 Cr
Cash & Bank Balance: ₹221.87 Cr
Other Financial Assets: ₹204.69 Cr
Income Tax Net: ₹69.97 Cr
Other Current Assets: ₹474.91 Cr
Total Assets: ₹5,406.33 Cr

Order Book and Recent Major Orders

As of March 31, 2025, government projects account for ₹4,332.72 million (64.75%) of the order book. The company prioritizes government projects in education and healthcare construction. A recent major order in FY26 was secured from IIT Delhi valued at approximately ₹98.85 Crore.

Strategic Priorities

Geographical Expansion: Aim to expand further into West Bengal and Odisha while strengthening presence in existing 11 states.
Machinery Investment: Plan to invest ₹142.55 million in new machinery.
Bid Capacity: As a Class I Super Contractor, can independently bid for projects up to ₹6,500 million. Focus on increasing bid capacity and prequalification eligibility.
Joint Ventures: As of March 31, 2026, the company has formed six joint ventures to leverage expertise, share risks, and pursue larger opportunities.
Government Focus: Prioritize government projects, leveraging increased infrastructure investments through initiatives like NIP, NMP, and Gati Shakti.

Management and Board Overview

Board of Directors:

Ved Prakash Khurana - Chairman and Whole-time Director (3+ decades of experience)
Vipul Khurana - Managing Director (20+ years of experience)
Nipun Khurana - Managing Director (16+ years of experience)
Dayal Sarup Sachdev - Independent Director (3+ decades with CPWD)
Nalini Shastri Vanjani - Independent Director (3+ decades in finance, ex-PFC)
Radhakrishnan Nagarajan - Independent Director (3+ decades in banking & finance)
Rajender Pal Chandel - Independent Director (3+ decades in banking, ex-Canara Bank)

Key Managerial Personnel:

Raghav Aggarwal - Chief Financial Officer (CA with 13+ years experience)
Vineet Rattan - Company Secretary & Compliance Officer (FCS, LLB with 11+ years experience)
Parveen Sachdeva - Chief Operating Officer (34+ years experience in construction)
Vijay Kumar - Human Resources Manager (14+ years experience)

Industry Context

The presentation highlights that India's construction market is expected to be the 2nd largest globally by 2030, with construction sector GVA expected to grow to INR 21.8 trillion. Government infrastructure capital expenditure is increasing, with infrastructure spending in India projected to reach ₹143 lakh crore in FY27, reflecting an 11.5% YoY increase. The National Infrastructure Pipeline comprises over 9,100 projects across 34 sub-sectors.