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Globe Textiles Posts Stellar Q3 Results with 53.7% Profit Surge and 46.2% Revenue Growth
Ahmedabad (Gujarat) [India], February 24: Globe Textiles, a leading player in the textile sector, has announced its financial results for the third quarter and nine months ending December 31, 2024. The company reported impressive growth in revenue and net profit, reflecting on its business strategy and operations are working well.
cityfalcon.com·1y ago
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Globe Textiles Rs. 4,504 lakh Rights Issue subscribed 14.69 Percentage on Day 1
Ahmedabad (Gujarat) [India], January 27: The Rs. 4504 lakh Rights Issue of Globe Textiles (India) Ltd (NSE-GLOBE), engaged in the manufacturing of garments, cotton printed fabrics, home textiles and fancy fabrics, was subscribed 14.69% on the first day.
cityfalcon.com·1y ago
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Globe Textiles' Rs. 4,504 Lakh Rights Issue Opens at 14.69% Subscription; Closes February 6. Funds for Acquisitions, Loans.
The Rs. 4,504 lakh Rights Issue of Globe Textiles (India) Ltd, a company specializing in garments and textiles, was subscribed 14.69% on its first day. The issue, priced at Rs. 3 per share, is open until February 6, allowing non-shareholders to participate via Rights Entitlements. The company plans to use the funds for acquisitions, loan repayments, and working capital. Globe Textiles reported a significant increase in net profit and revenue for Q2 FY 24-25 compared to the previous year. Established in 1995, the company operates three manufacturing units in Ahmedabad, serving a global clientele.
cityfalcon.com·1y ago
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