Globe Civil Projects Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Globe Civil Projects Ltd filed with BSE on 27 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Globe Civil Projects reported consolidated total income of INR929.23 million in Q1 FY27, up 37.26% year-on-year, with EBITDA of INR15.80 crores and an EBITDA margin of 17.01%. Profit after tax rose 40.42% year-on-year to INR7.09 crores, with net profit margin at 7.63%. Management attributed the growth to new EPC projects secured after the company's IPO listing, including Central University Bathinda, Haryana Cricket Association and Kanpur, and discussed order book, receivables and future project pipeline during the Q&A.
1 statement from this call is not shown because its supporting quote could not be reproduced within our quoting limits. Nothing shown here is affected: every statement on this page carries its verified quote.
Numbers mentioned
Order book: INR700 crores (Current)
p. 12
“Right now, the current order book is around INR700 crores, and we at least like plan to add another INRS00 crores in 6 months, 3 months or maybe before the year-end.”
Vipul Khurana, page 12 of the filed PDF · View the filing
Cricket stadium project revenue to date: INR30 crores -- INR35 crores (Up till date)
p. 11
“Right now, up till date, around INR30 crores -- INR35 crores is the total revenue from the cricket stadium only.”
Vipul Khurana, page 11 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Revenue growth — 10% to 15% · FY27
stated firmly by Raghav Aggarwal
p. 13
“So as told, we believe that we can achieve growth around 10% to 15% with these projects only apart from any new project.”
Raghav Aggarwal, page 13 of the filed PDF · View the filing
Order book addition — at least INR500 crores · 6 months, 3 months or before year-end
stated as an aspiration by Vipul Khurana
p. 12
“Right now, the current order book is around INR700 crores, and we at least like plan to add another INRS00 crores in 6 months, 3 months or maybe before the year-end.”
Vipul Khurana, page 12 of the filed PDF · View the filing
Revenue from existing order book — INR300 crores to INR350 crores · FY27
stated conditionally by Raghav Aggarwal
p. 13
“Around another INR350 crores -- INR300 crores, INR350 crores, I think we can achieve.”
Raghav Aggarwal, page 13 of the filed PDF · View the filing
Execution capacity without additional fixed cost — INR500 crores to INR600 crores
stated firmly by Raghav Aggarwal
p. 7
“Yes, with this setup, we can achieve a turnover of INR500 crores to INR600 crores easily.”
Raghav Aggarwal, page 7 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said growth came from new projects secured after the IPO listing that started contributing revenue.
Answered by Vipul Khurana
Asked by Riya Sharma: What were the main factors behind strong Q1 FY27 revenue growth?
p. 4
“The main factor was the projects we got after the IPO listing, we got three projects, Central University at Bathinda, Haryana Cricket Association and Kanpur.”
Vipul Khurana, page 4 of the filed PDF · View the filing
Management said the current margin of around 17% is expected to be maintained or improved with bigger projects.
Answered by Raghav Aggarwal
Asked by Riya Sharma: What EBITDA margin range is the company targeting for FY27?
p. 5
“So for the quarter one, the EBITDA margin is 17%, approximately 17%.”
Raghav Aggarwal, page 5 of the filed PDF · View the filing
Management said the top 5 projects contribute about 70% of turnover.
Answered by Vipul Khurana
Asked by Purvesh Mehta: What is the total order book represented by the top 5 projects?
p. 8
“So yes, top 5 contributes to the 70% of our turnover.”
Vipul Khurana, page 8 of the filed PDF · View the filing
Management attributed the increase to final billing timing and advance material procurement due to rising prices.
Answered by Vipul Khurana
Asked by Purvesh Mehta: What initiatives are being taken to improve the cash conversion cycle given rising trade receivables and inventory?
p. 9
“So that is why the trade receivables has increased in March and inventory also because we have procured a material in huge quantity in February and March due to war, the prices were going up for many of the items, tiles and all we procured material in advance in February for the Bathinda project.”
Vipul Khurana, page 9 of the filed PDF · View the filing
Management said receivable days are elevated due to pending final bills on two completed projects, expected to be resolved by mid-to-late September.
Answered by Raghav Aggarwal
Asked by Akash Agarwal: How many receivable days does the company currently have?
p. 12
“Receivable days are a little high nowadays because final bills are still pending in our three projects like NBCC Aligarh project and Telecomnunications India Limited, two projects we have completed, but the funds are - final bill and final approval, all things are pending.”
Raghav Aggarwal, page 12 of the filed PDF · View the filing
Management expressed confidence that margins are sustainable for the next couple of years.
Answered by Vipul Khurana
Asked by Akash Agarwal: Are current margins sustainable for the next few years?
p. 12
“Yes. We're confident that this margin are sustainable for the next couple of years.”
Vipul Khurana, page 12 of the filed PDF · View the filing
Risks flagged
Elevated receivable days due to pending final bills on completed projects
p. 12
“Receivable days are a little high nowadays because final bills are still pending in our three projects like NBCC Aligarh project and Telecomnunications India Limited, two projects we have completed, but the funds are - final bill and final approval, all things are pending.”
Raghav Aggarwal, page 12 of the filed PDF · View the filing
Rising material prices affecting procurement timing
p. 10
“So we decided to procure more material during the February like tiles and multiple things were there.”
Raghav Aggarwal, page 10 of the filed PDF · View the filing
Delays in government project payments though considered ultimately safe
p. 12
“Receivable days are longer, but the government projects have this safety that funds will come after someday, but they will come.”
Vipul Khurana, page 12 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.