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PNN
Mumbai (Maharashtra) [India], November 8: Infomerics Valuation and Ratings Private Limited. has revised the outlook for Globe Civil Projects Limited's long-term bank facilities from Stable to Positive while reaffirming the rating at IVR BBB. The short-term rating of IVR A3+ has also been reaffirmed. The revision in outlook reflects Globe Civil Projects Limited's strengthened capital structure following its successful 119 Cr Initial Public Offering (IPO) in July 2025, along with anticipated improvement in debt protection metrics and steady business performance. The company's total operating income increased by 11% year-on-year to 325.99 Cr in FY25, supported by timely project execution and higher operational efficiency. Operating margins expanded to 16.43% in FY25 from 15.10% in FY24, while profit after tax grew by 57% to 24.05 Cr during the same period. As of September 30, 2025, the company reported a strong order book position of 1,001.28 Cr, representing 3.07 times its FY25 revenue, ensuring strong near-to-medium-term revenue visibility. The order book is diversified across reputed clients, including CPWD, NBCC, Indian Railways, AIIMS, IITs, and the Haryana Cricket Association. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same.)
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