Globe Civil Projects Ltd

Strong project management and execution capabilities.

Growing Order Book and higher pre-qualification credentials.

Strong and consistent financial performance.

Experienced Promoters, Directors and management team.

For the nine months period ended December 31, 2024 and in Fiscal 2024, Fiscal 2023 and Fiscal 2022, we derived 10.10%, 29.77%, 57.48% and 54.62%, respectively, of our revenue from operations from construction project receipts business segment from projects developed by Central Public Works Department ("CPWD"), our top customer. Any slowdown or inability to win new project awards from CPWD (whether due to a slowdown or cessation in new projects being undertaken by such entities), an inability to qualify for and successfully compete for new projects or otherwise) or the loss of any of our current significant projects (whether due to restructuring or termination of such projects) could adversely affect our business, results of operations and financial condition.

Our business and profitability are substantially dependent on the demand for construction services, change in budgetary allocation and the requirements for construction projects in the infrastructure and non-infrastructure sectors across India. During the nine months period ended December 31, 2024 and in Fiscal 2024, the Social & Commercial Infrastructure segment (Education institutions) contributed to 61.95% and 47.09%, respectively, of our revenue from operations (construction project receipts). Any reduction in the activity and expenditure levels in such sectors may adversely affect our business and prospects and may reduce the number of projects we undertake and impede our growth.

For the nine months ended December 31, 2024, our Company submitted successful bids for 11 projects but secured only one, reflecting a success rate of 9.09%, compared to 54.55% in FY24. Our revenues depend upon the award of new contracts and the timing of those awards. Additionally, the competitive bidding process, failure to meet pre-qualification criteria, and non-qualification due to technical issues may hamper our revenue. Consequently, our results of operations and cash flows may be adversely affected or fluctuate materially from period to period.

For the nine months period ended December 31, 2024 and in Fiscal 2024, Fiscal 2023 and Fiscal 2022, we derived 3.14%, 11.71%, 14.92% and 11.23%, respectively, of our revenue from operations from trading of goods, primarily TMT steel. Any reduction in trading activity, changes in market demand, or fluctuations in the price of TMT steel may reduce our revenue from this segment and, consequently, impact our total revenue from operations.