Globe Textiles (India) announced its financial results for the half year ended on March 31, 2020

Company : Godha Cabcon & Insulation Limited

Globe Textiles (India) announced its financials for the half year ended on March 31, 2020 marking rise in profit and revenue margins

Standalone net profit for the Globe Textiles (India) reached Rs.2.65 crore in HY2 of FY19-20 showing a rise when compared to the net profit Rs.2.40crore in a year ago period.

The companys standalone revenue for HY2 of FY19-20 reached Rs.172.84 crore whereas last year same period it was Rs.127.75 crore.

Earnings per share in HY2 of FY2019-20 stands at Rs.2.63 against Rs.2.39 in a year ago period.

In the recently concluded financial year 2019-20, standalone net profit at Globe Textiles (India) reached Rs.4.44crore with revenue of Rs.267.04 crore.

In the preceding fiscal year the company"s revenue was Rs.258.13 crore and PAT was Rs.3.73 crore.

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