Globe Civil Q1 FY27 Results (NSE: GLOBECIVIL)
Signal: Growth reaccelerated
The read
The quarter shows sustained EPC execution growth, with consolidated revenue up 37.0% to ₹92.3 crore, but EBITDA growth of 33.1% lagged revenue and compressed margin by 54bps to 17.1%; the key inflection to monitor is whether this margin slippage persists, while the 40.4% PAT increase versus only 2.6% EPS growth raises an earnings-per-share quality concern.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹92.3 Cr | 37.0% | N/A |
| EBIT | ₹14.04 Cr | 26.4% | |
| Net profit | ₹7.09 Cr | 40.4% | |
| EPS | ₹1.19 | 2.6% | |
| EBIT margin | 17.1% |
P&L walk
Consolidated revenue was ₹92.3 crore, up 37.0% YoY, while EBITDA rose 33.1% to ₹15.81 crore and margin contracted 54bps to 17.1%; PAT nevertheless rose 40.4% to ₹7.09 crore, aided by the operating base and a clean other-income profile.
Key positives
- Consolidated revenue reached ₹92.3 crore, up 37.0% YoY, supported by disciplined execution across ongoing EPC projects.
- PAT increased 40.4% YoY to ₹7.09 crore despite only 33.1% EBITDA growth, while other income of ₹0.62 crore remained below the filing's clean earnings-quality threshold.
- Management cited a healthy order book and project opportunities across institutional and infrastructure segments, although no order-book value was disclosed.
Key concerns
- EBITDA margin declined 54bps YoY to 17.1% as EBITDA growth of 33.1% trailed revenue growth of 37.0%, reversing the stronger margin profile seen in Q1FY26.
- EPS grew only 2.6% YoY to ₹1.19 against PAT growth of 40.4%, creating a material PAT-to-EPS divergence.
Research and educational content only. Not investment advice.