Order Book
₹850 crore
+42% YoY
Order book as of December 2025, up from ~₹600 crore a year ago.
GLOBECIVILPROJECTS
Other
10 Feb 2026
Globe Civil Projects Ltd — Q3 FY26
Globe Civil Projects reported Q3 FY26 standalone revenue of ₹93.76 crore and net profit of ₹6.53 crore, with EBITDA margin stable at 15.89%.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Globe Civil Projects reported Q3 FY26 standalone revenue of ₹93.76 crore and net profit of ₹6.53 crore, with EBITDA margin stable at 15.89%. The order book stands at ₹850 crore, providing ~2x book-to-bill visibility. Growth was impacted by pollution-related construction bans in Delhi NCR, delaying projects and lowering FY26 revenue growth guidance to 15-20% from the earlier 20-25%. Management maintains a medium-term target of 20% annual growth, supported by a bidding pipeline of ₹500 crore and focus on institutional buildings and sports infrastructure. Key risk: continued regulatory delays in NCR could further hamper execution and margin expansion.
Key Numbers
Book-to-Bill Ratio
2.0x
flat YoY
Current ratio of order book to annualized revenue; target is 3.0x.
Working Capital Cycle
105 days
flat YoY
Cash conversion cycle; management targets reduction to 75 days.
Bidding Pipeline
₹500 crore
new
Projects under evaluation; additional ₹500 crore pipeline expected in 2 months.
Management Guidance
FY26 revenue growth of 15-20%
Revised down from 20-25% due to pollution delays in Delhi NCR; Q4 expected to be stronger.
Management guidance revenueMedium-term 20% annual revenue growth
Targeting 20% year-on-year growth in revenue and profitability, supported by order book and bidding pipeline.
Management guidance growthBook-to-bill ratio target of 3.0x
Aiming to increase from current 2.0x to 3.0x by securing 3-4 more large projects.
Management guidance growthWorking capital cycle reduction to 75 days
Targeting reduction from 105 days as large projects near completion and receivables are collected.
Management guidance otherKey Risks
Pollution-related construction bans in Delhi NCR
Government-mandated construction halts during high pollution levels delay project timelines and increase overheads.
high · management_commentaryProject approval delays
One major project (Haryana Cricket Association) delayed due to pending approvals, impacting revenue recognition.
medium · analyst_questionConcentration in government projects
~70% of order book from government clients; any slowdown in government capex could affect order inflows.
medium · data_observationNotable Quotes
We are selective in bidding. We don't bid each and every project. We only bid the project where our chances are very high of getting it.
We are expecting around 20 to 25% growth every year and our eligibility is also increasing with completion of every bigger projects.
Our focus is to have a niche area in social in sports infrastructure. So that was the purpose and that's why we took a stadium project.
Frequently Asked Questions
What was Globe Civil Projects's revenue in Q3 FY26?
Globe Civil Projects reported revenue of ₹101 Cr in Q3 FY26, representing a — change compared to the same quarter last year.
What guidance did Globe Civil Projects management give for FY27?
FY26 revenue growth of 15-20%: Revised down from 20-25% due to pollution delays in Delhi NCR; Q4 expected to be stronger. Medium-term 20% annual revenue growth: Targeting 20% year-on-year growth in revenue and profitability, supported by order book and bidding pipeline. Book-to-bill ratio target of 3.0x: Aiming to increase from current 2.0x to 3.0x by securing 3-4 more large projects. Working capital cycle reduction to 75 days: Targeting reduction from 105 days as large projects near completion and receivables are collected.
What are the key risks for Globe Civil Projects in FY27?
Key risks include Pollution-related construction bans in Delhi NCR — Government-mandated construction halts during high pollution levels delay project timelines and increase overheads.; Project approval delays — One major project (Haryana Cricket Association) delayed due to pending approvals, impacting revenue recognition.; Concentration in government projects — ~70% of order book from government clients; any slowdown in government capex could affect order inflows..
Did Globe Civil Projects meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Globe Civil Projects Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.