Godawari Power & Ispat Ltd. (GPIL) witnessed a sharp decline of over 6% in its stock price after reporting week Q3 results. As of 9:40 AM, the shares were trading 5.97% lower at Rs 165.10.
The company’s revenue fell marginally by 0.9% year-on-year to ₹1,297.60 crore, down from ₹1,308.92 crore in the same quarter last year. However, the real concern for investors was the significant drop in profitability.
Earnings before interest, tax, depreciation, and amortization (EBITDA) plunged 33% to ₹221.15 crore, compared to ₹330.91 crore last year. The EBITDA margin contracted to 17% from 25.3%, indicating higher costs and operational pressures. Net profit saw a steep decline of 37%, slipping to ₹144.78 crore from ₹229.26 crore in the previous year.
Godawari Power & Ispat Ltd. shares opened at ₹164.00, reaching a high of ₹171.25 and a low of ₹163.65. The stock’s 52-week high stands at ₹253.40, while the 52-week low is ₹131.60.
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