Integrated Filing — IndAS

General information about company
Scrip Code	000000
NSE Symbol	GLOBE
MSEI Symbol	NOTLISTED
ISIN	INE581X01021
Name of company	GLOBE TEXTILES (INDIA) LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	21-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	12-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Textiles
Start date and time of board meeting	21-May-2025   13:15:00
End date and time of board meeting	21-May-2025   14:40:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	1300243000	5540022000
	Other income	6837000	77425000
	Total income	1307080000	5617447000
2	Expenses
(a)	Cost of materials consumed	571381000	3034103000
(b)	Purchases of stock-in-trade	408606000	2043267000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	111010000	-216403000
(d)	Employee benefit expense	50169000	227404000
(e)	Finance costs	49168000	157870000
(f)	Depreciation, depletion and amortisation expense	12589000	51102000
(f)	Other Expenses
1	Other Expenses	91201000	199923000
	Total other expenses	91201000	199923000
	Total expenses	1294124000	5497266000
3	Total profit before exceptional items and tax	12956000	120181000
4	Exceptional items	0	10986000
5	Total profit before tax	12956000	131167000
6	Tax expense
7	Current tax	5267000	24566000
8	Deferred tax	7047000	11604000
9	Total tax expenses	12314000	36170000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	642000	94997000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	642000	94997000
17	Other comprehensive income net of taxes	1881000	2204000
18	Total Comprehensive Income for the period	2523000	97201000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	642000	94997000
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	2523000	97201000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
21	Details of equity share capital
	Paid-up equity share capital	900838000	900838000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		558159000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	0	0.3
	Diluted earnings (loss) per share from continuing operations	0	0.3
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	0	0.3
	Diluted earnings (loss) per share from continuing and discontinued operations	0	0.3
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Notes to the financial results: n n1. The aforesaid consolidated financial results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors of Globe Textiles India Limited Parent Company at their respective meetings held on May 21 2025. The statuotry auditors of parent company have carrried out limited review of the same. n n2.The above consolidated financial results have been prepared in accordance with the Indian Accounting Standards Ind AS as prescribed under Section 133 of the Companies Act 2013 read with the relevant rules issued thereunder. n n3. The Groups operating segments are established in a manner consistent with the components of the Group that is evaluated regularly by the Chief Operating Decision Maker as defined in Ind AS 108 'Operating Segments The Group is engaged primarily in the business of Textile Trading and Manufacturing and there are no separate reportable segments as per Ind AS 108. n n4. During the yearcyclone caused damage to small parts of the companys fabric processing unit and few plant & machinery. The company promptly filed an insurance claim to offset the impact of this disaster. After thorough assesement, the insurance company approved and disbursed a claim of Rs. 109.86 lakhs This amount has been recorded under Exceptional Items in the standalone financial results n n5. Pursuant to authorization of further infusion of capital through Rights issue by the Board of Directors of the Company at its meeting held on October 23 2024 and other resolutions passed on January 10 2025 approving final letter of offer issue size fixing the right issue price right entitlement ratio in accordance with the provisions of the Companies Act 2013 and the applicable rules prescribed under the Securities and Exchange Board of India Issue of Capital and Disclosure Requirement Regulations 2018 as amended, the Company had issued 150139596 fully paid-up Equity Shares of face value of Rs. 2 each at a price of Rs. 3 per Equity Share including a premium of Rs. 1 per Equity Share aggregating to Rs. 4504.19 Lakhs on a rights basis to eligible equity shareholders in the ratio of one Equity Share for every two fully paid-up Equity Share held on the record date that is January 17 2025. These equity shares were allotted on February 13 2025. n n6. The Board of Directors of the Parent Company in its meeting held on March 08 2025 approved the acquisition of the remaining 30 percent equity shareholding in Globe Denwash Private Limited subsidiary Company. Upon completion of this transaction on or before March 31 2025 Globe Denwash Private Limited has become a wholly owned subsidiary of Globe Textiles India Limited thereby increasing the Company holding from 70 to 100 percent n n7. Pursuant to Ind AS 33 Earnings Per Share the Basic and Diluted earnings per share for the previous periods have been restated for the bonus element in respect of the Rights issue of shares made during the fourth quarter of the financial year ended March 31 2025. n n8. On March 08 2025 the Company acquired the remaining 30 percent equity stake in Globe Denwash Private Limited GDPL thereby increasing its shareholding from 70 to 100 percent As a result GDPL became a wholly owned subsidiary of the Company with effect from that date. n nPrior to this acquisition the Company held a 70 percent equity stake in GDPL and exercised control over its operations. Accordingly the financial statements of GDPL were consolidated for the year ended March 31 2024 with a 30 percent Non controlling Interest NCI recognized. n nSubsequent to the acquisition, the consolidated financial statements for the years ended March 31 2025 and March 31 2024 have been prepared treating GDPL as a wholly owned subsidiary. Consequently no NCI has been reported as at year end in these consolidated financials. n nIt may be noted that the interim consolidated results for Q1 to Q3 of FY 2024 25, and the comparative figures for Q1 to Q3 of FY 2023 24, were prepared based on the Company 70 percent holding in GDPL. The change in ownership has been duly accounted for in the Q4 results and full year consolidated financial statements for the year ended March 31 2025. n n9. The figures for the quarters ended March 31 2024 and December 31 2024 as well as for the year ended March 31 2024 are unaudited and have been certified by management. n n10. The figures for the quarter ended March 31 2025 represent the difference between the audited figures in respect of the full financial year and the unaudited published year to date figures upto the third quarter of the financial year which were subject to limited review. n n11. The Results can also be viewed on the website of the Company on www.globetextiles.net and on the website of NSE where the Company's shares are listed at www.nseindia.com.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	682317000
	Capital work-in-progress	867000
	Investment property	0
	Goodwill	91791000
	Other intangible assets	805000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	23105000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	14167000
	Total non-current financial assets	37272000
	Deferred tax assets (net)	0
	Other non-current assets	1831000
	Total non-current assets	814883000
2	Current assets
	Inventories	1235450000
	Current financial asset
	Current investments	0
	Trade receivables, current	1630252000
	Cash and cash equivalents	7055000
	Bank balance other than cash and cash equivalents	6027000
	Loans, current	474000
	Other current financial assets	4031000
	Total current financial assets	1647839000
	Current tax assets (net)	0
	Other current assets	154227000
	Total current assets	3037516000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	3852399000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	900838000
	Other equity	558159000
	Total equity attributable to owners of parent	1458997000
	Non controlling interest	0
	Total equity	1458997000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	86267000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities
	Total non-current financial liabilities	86267000
	Provisions, non-current	12554000
	Deferred tax liabilities (net)	18890000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	117711000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1393793000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	10176000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	777652000
	Total Trade payable	787828000
	Other current financial liabilities	33098000
	Total current financial liabilities	2214719000
	Other current liabilities	39848000
	Provisions, current	7511000
	Current tax liabilities (Net)	13613000
	Deferred government grants, Current	0
	Total current liabilities	2275691000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	2393402000
	Total equity and liabilites	3852399000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	other	2513000	2945000
	Total Amount of items that will not be reclassified to profit and loss	2513000	2945000
2	Income tax relating to items that will not be reclassified to profit or loss	632000	741000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	1881000	2204000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			131167000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			157870000
	Adjustments for decrease (increase) in inventories			-197383000
	Adjustments for decrease (increase) in trade receivables, current			-518606000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			57699000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			11890000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			158631000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			750000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			51102000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-7517000
	Adjustments for provisions, non-current			1870000
	Adjustments for other financial liabilities, current			-9227000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			209000
	Adjustments for dividend income			0
	Adjustments for interest income			2039000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			14699000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-280052000
	Net cash flows from (used in) operations			-148885000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			26142000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			-175027000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			326240000
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			2436000
	Purchase of property, plant and equipment			40538000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			2132000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-918000
	Net cash flows from (used in) investing activities	-363128000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			427567000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			5668000
	Repayments of borrowings			119833000
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			157930000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			387094000
	Net cash flows from (used in) financing activities			542566000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			4411000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			4411000
	Cash and cash equivalents cash flow statement at beginning of period			2644000
	Cash and cash equivalents cash flow statement at end of period			7055000