Godawari Power and Ispat shares fall nearly 4% today on NSE following the company’s Q1 results.
Godawari Power and Ispat Ltd (GPIL) on Wednesday (August 6) reported a weak performance for the April–June quarter of FY26, with declines across all key financial metrics. The net profit dropped 24.4% year-on-year to ₹216 crore, compared to ₹286 crore in the corresponding quarter last year.
Revenue from operations also slipped by 2% to ₹1,345 crore, primarily due to lower realisations. At the operating level, EBITDA fell 20.8% to ₹346 crore from ₹437.2 crore in Q1 FY25, while the EBITDA margin contracted significantly to 25.7% from 31.8%.
In terms of production, the company has achieved 25% of its FY26 guidance for rolled products and 30% for ferro alloys by the end of Q1. For other categories, the achievement ranged between 20% and 23% of annual targets.
The board has approved two new projects with a total capital expenditure of ₹1,600 crore. This includes a ₹900 crore cold rolled mill complex and a ₹700 crore 10 GW storage battery plant under its subsidiary, Godawari New Energy Private Ltd. Funding for both projects will follow a 40:60 equity-debt ratio.
Additionally, GPIL expects approvals for mining expansion by Q3 FY26, with operations to begin in Q4. Trial production for the pellet plant expansion is set for October 2025. The company has also secured approval from Power Grid Corporation of India Ltd to supply steel billets and has resumed operations at its Boria Tibu mines.
As of 9:15 the shares were trading 4.34% down at ₹192.68 on NSE.
