Globe Enterprises demonstrated resilience in Thursday's trading session despite broader market weakness. According to reports from Live Mint, the penny stock touched an intraday high of ₹2.07 and intraday low of ₹2.04 on NSE. The stock opened in the red but soon recovered, turning positive and gaining over 1.47% before making a sharp reversal and falling over 1% during the session.
As reported by Live Mint, Globe Enterprises delivered robust financial performance in Q1 FY27 with revenue growing 32.7% year-on-year to ₹166.68 crore from ₹125.56 crore in the corresponding quarter of the previous fiscal. The company's total revenue stood at ₹167.35 crore, while EBITDA came in at ₹8.54 crore and profit before tax (PBT) was ₹3.52 crore. The revenue growth was driven by additional garment manufacturing capacity commissioned during the previous year, enabling the company to cater to higher volumes across both domestic and export markets.
According to Live Mint, profitability remained under pressure due to a 15-20% increase in raw material costs, along with higher logistics and shipping expenses. Despite these near-term cost challenges, Globe Enterprises entered Q2 FY27 with an order book exceeding ₹100 crore, providing healthy revenue visibility for the quarter ahead. The company had delivered strong performance in FY26 with revenue growing 55% to ₹598.84 crore.
As reported by Live Mint, benchmark indices Sensex and Nifty opened lower on Thursday, with the 30-share BSE Sensex declining 45.17 points to 77,422.70 and the 50-share NSE Nifty slipping 6.40 points to 24,202.45 in early trade. Globe Enterprises share price trend has remained mostly under pressure amid weak market sentiments, with the stock gaining over 2% in a week but falling 5.12% in a month.
