Globe Enterprises (India) Limited, a leading manufacturer of fabrics, denim, and home textiles, announced its financial results for the quarter and half year ended September 2025, showcasing strong operational performance and continued business momentum.
During the quarter ended September 2025, Globe Enterprises reported revenues of ₹15,856.26 lacs, reflecting a 6.81% increase compared to Rs.14,844.87 lacs recorded in the previous quarter (June 2025). The company’s Profit After Tax (PAT) rose sharply to Rs.446.38 lacs, marking a 219.94% growth over Rs.139.52 lacs in the preceding quarter. This significant improvement was driven by enhanced margins and higher operational efficiency.
Bhavik Parikh, Managing Director, Globe Enterprises (India) Limited, said: “Our strong financial performance for the quarter and half year demonstrates the company’s focus on operational efficiency and market expansion. Despite cost pressures, we delivered healthy profitability and revenue growth across major product segments. With improving demand conditions, we are confident of sustaining the growth trajectory in the coming quarters.”
The Board of Directors has approved renaming the company from Globe Textiles (India) Limited to Globe Enterprises (India) Limited, marking its broader vision and diversified business outlook.
Promoter Mr. Bhavik Suryakant Parikh strengthened his commitment to the company by acquiring 45,00,000 equity shares worth Rs.1,28,56,450 on November 12, 2025. This strategic purchase reflects strong confidence in the company’s long-term growth prospects.
The Board has approved the opening of a virtual branch office in Mumbai to enhance the company’s presence in Maharashtra. “The virtual office will enable us to improve customer engagement and expand market outreach across Mumbai and surrounding regions,” said Mr. Bhavik Parikh.
As part of operational restructuring, the company has entered into an agreement to sell its printing plant and machinery to Maruti Textiles, Ahmedabad, for ₹90.48 lakh. The asset was underperforming due to technological obsolescence and rising maintenance costs. The Board has approved a draft scheme of arrangement for the demerger of the company’s online business, including brands “Indigenx” and “Orijean”, to a resulting entity as a going concern.
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