Globe Textiles (India) Limited — Results, 08-02-2025: Integrated Filing- Financial

Globe Textiles (India) Limited has submitted its unaudited standalone and consolidated financial results for the quarter and nine-month period ending December 31, 2024. Total income for the standalone unit reached ₹165.91 crore, with a profit before tax of ₹2.12 crore. The company recognized an exceptional insurance claim of ₹10.99 crore as part of financial results due to previous damage from a cyclone. The Rights Issue, which was fully subscribed, involved issuing 15.01 lakh equity shares at ₹23 each. This strategic move is expected to enhance liquidity and growth potential, contributing positively to investor sentiment.