Globe Textiles (India) Limited, has announced its financial results for the first half of the fiscal year that ended on 30th September 2024. The business demonstrated its strong position in the textile market by reporting consistent revenue growth, improved operational efficiency, and more investor transparency in spite of industry-wide headwinds.
For the half-year that concluded on 30th September 2024, the company’s revenue from operations reached US $ 30.14 million, a strong 8.32 per cent rise over US $ 27.83 million for the same time the year before.
Strong market demand and improved operational output drove this growth, demonstrating the company’s tenacity and capacity to gain a bigger market share in a cutthroat environment.
Compared to US $ 332,907 in the same half-year period last year, profit after tax increased by 75.8 per cent to US $ 585,301.
