Synopsis:
Globe Textiles jumped sharply after reporting a YoY net profit increase of 17% and a QoQ net profit increase of 219% to Rs 4.46 crore for Q2 FY26. The company’s revenue expanded by 6% YoY to Rs 156.56 crore.
The shares of this micro-cap firm, which is a trader and manufacturer of textile products are in focus after the company reported a stellar financial performance in this quarter. In this article, we will dive more into the details of it.
With a market capitalization of Rs 115 crore, the shares of Globe Textiles (India) Ltd made a day high of Rs 2.78 per share, up by 19 percent from its previous day closing price of Rs 2.33 per share. In the last one year, the stock has corrected by 38 percent, as compared to NIFTY 50’s positive return of 6.5 percent.
Q2 Highlights
Globe Textiles has reported an operating revenue of Rs 156.56 crore in Q2 FY26, representing a 6 percent growth compared to Rs 147.96 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew by 5.6 percent from Rs 148.28 crore.
Regarding its profitability, it reported a net profit of Rs 4.46 crore in Q2 FY26, a growth of 17 percent as compared to Rs 3.80 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew by staggering 219 percent from Rs 1.40 crore.
On the expenses front, it reported total expenses of Rs 149.11 crore in Q2 FY26, a growth of 5.8 percent as compared to Rs 140.88 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew by 6 percent from Rs 140.41 crore.
Globe Textiles (India) Limited, a premier textile and fabric-based product company from Ahmedabad, was initially set up in 1995. The company is into manufacturing a wide range of products, such as denim and non-denim fabrics, shirting materials, and printed fabrics. They also produce jeans, shorts, and other apparel under their brand names — AFFORD, INDIGIRL, and INDIGEN X.
Besides garments, Globe Textiles is in the business of home textile products such as bedsheets, curtains, and cushions, in addition to kidswear, menswear, and womenswear collections. The company is also engaged in denim washing and finishing. With a mix of domestic and export operations, the firm is a customer-oriented company that is spread across urban and rural India and international markets.
Written by Satyajeet Mukherjee
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