Globe Civil Projects Limited - Credit Rating Update

PNN

Mumbai (Maharashtra) [India], November 4: Infomerics Valuation and Ratings Pvt. Ltd. has revised the outlook of 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 reflects the company's strengthened capital structure post its ₹119 crore IPO, improved profitability, and a robust order book of ₹1,001 crore, providing healthy revenue visibility.

- FY25 Revenue: ₹325.99 crore (+11% YoY)

- EBITDA Margin: 16.43% (vs 15.10% in FY24)

- PAT: ₹24.05 crore (+57% YoY)

For more details: https://nsearchives.nseindia.com/corporate/GLOBE2024_30102025140140_INTIMATION.pdf

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