Globe Civil Projects Ltd

Meeting Details

• Investors meet held on August 25, 2026 at 4:00 P.M. IST.
• Mode not stated; event type is a group investor meet.

Participants

• Company Secretary and Compliance Officer served as company representatives.

Purpose

• Audio recording link released to exchanges.
• Transcript will be uploaded on stock exchange and company website.

Additional Notes

• Transcript to be uploaded in due course; no links.

Business Overview

• New Delhi-based EPC and infrastructure developer focused on government-led projects.
• Offers civil, structural, MEP, HVAC, and turnkey execution.
• Listed on NSE and BSE on 1 July 2025.

Operational Highlights

• Six joint ventures formed as of Mar 31, 2026.
• Expansion plan into West Bengal and Odisha; strengthen existing markets.
• Punjab University Campus order: 172.99 Cr.
• Haryana Cricket Association stadium: 222.20 Cr.
• Kotak School of Sustainability, IIT Kanpur: 70.92 Cr.
• IIT Delhi project: 98.85 Cr.

Financial Performance

• Q1 FY27 standalone: revenue 918.41 Cr, EBITDA 158.06 Cr, PAT 71.60 Cr.
• Q1 FY27 consolidated: revenue 923.04 Cr, EBITDA 158.05 Cr, PAT 70.91 Cr.
• FY26 consolidated: revenue 4,057.15 Cr; PAT 313.09 Cr.
• FY26 standalone: revenue 3,765.29 Cr; PAT 233.08 Cr.
• FY26 consolidated EBITDA 571.37 Cr; EPS 4.18.
• Equity 597.19 Cr; Net Worth 2,378.67 Cr.

Capital Structure & Liquidity

• Current borrowings 1,376.37 Cr; Total Liabilities 5,406.33 Cr.
• Cash & Bank Balance 221.87 Cr; Total assets 5,406.33 Cr.
• Total current liabilities 2,837.78 Cr; Current assets 4,733.95 Cr.

Strategic Priorities & Outlook

• Expand footprint to 11 states; target West Bengal and Odisha.
• Focus on government infrastructure projects via NIP, Gati Shakti.
• Capex 142.55 million; upgrade machinery and tools; strengthen workforce.
• Six JVs to scale capacity; bid capacity up to 6,500 million.

Risks & Mitigation

• Risks: macro economy, infrastructure capex, competition, execution.
• Mitigation: JV partnerships, increased bid capacity, government-project focus.

Governance & Leadership

• Chairman: Ved Prakash Khurana; MDs: Vipul Khurana, Nipun Khurana.
• Independent Directors: Dayal Sachdev, Nalini Vanjani, Radhakrishnan Nagarajan, Rajender Chandel.
• CFO: Raghav Aggarwal; Company Secretary: Vineet Rattan; COO: Parveen Sachdeva.

Meeting Details

• Date and time: Aug 25, 2026 at 04:00 PM.
• Mode: Virtual meeting.
• Event: Q1 FY27 earnings call.

Participants

• Managing Director is speaker.
• Chief Financial Officer is speaker.

Purpose

• Earnings call to discuss Q1 FY27 results.

Additional Notes

• Recording/presentation availability not specified.

Key Financial Highlights

• Consolidated total income 929.23 million; YoY growth 37.26%.
• EBITDA 158.05 million; EBITDA margin 17.01% (vs 17.55% prior).
• Net Profit 7,091 million; YoY growth 40.42%.
• NPM 7.63%.

Business Developments

• Government-focused EPC: CPWD, NBCC, IITs, NITs and institutional clients.
• Diversified portfolio across education, healthcare, housing, sports, commercial and transport infra.
• Growth strategy centers on selective bidding, timely execution, and geographic expansion.

Management Commentary

• MD Vipul Khurana cites disciplined execution and efficient resource use across EPC projects.
• Healthy order book and opportunities underpin growth; focus on prudent project selection and working capital management.

IPO details and deviation status

• Public IPO raised Rs 119 crore in June 2025.
• Monitoring agency: CARE Ratings Limited conducted the review.
• Deviation from the objects: NIL; funds utilized as disclosed.
• No deviations observed between original objects and utilization.

Utilisation status and unutilised proceeds

• Total funds utilised to date: Rs 114.32 crore against Rs 119.00 crore.
• Unutilised proceeds as of 30 Jun 2026: Rs 4.68 crore.
• Invested in FDRs totaling Rs 4.68 crore with maturities up to Apr 2027.
• Capex completion extended to Sep 2026; risk of potential cost overruns.

Financial results and approvals

• Unaudited standalone quarterly results for quarter ended 30 June 2026 approved with limited review.
• Unaudited consolidated quarterly results for quarter ended 30 June 2026 approved with limited review.
• Audit Committee approved standalone and consolidated results on 12 Aug 2026.
• Board approved these results on 12 Aug 2026.

Segment, IPO proceeds and related disclosures

• EPC identified as the only reportable segment for the quarter.
• IPO proceeds: utilised 1,143.2 million; unutilised 46.8 million held in bank deposits.

Dematerialisation/rematerialisation status

• Details of dematerialised/rematerialised securities for the period were furnished to all stock exchanges.

Order details

• Awarding entity: Central University of Punjab (domestic).
• Scope: Providing and fixing FRP screens in Aryabhata Academic Block.
• Contract value: Rs 1.20 crore.
• Completion period: 120 days.
• Terms: All terms as per tender document.
• Related party/promoter interest: No; related party transactions: No.