Shares of Godawari Power and Ispat surged by more than 2% following the announcement of their strong fourth-quarter results. The company reported a net profit of ₹169.6 crore, showcasing a significant performance boost.
In a regulatory filing, Godawari Power and Ispat revealed that their revenue from operations increased by 16.2%, reaching ₹1,529.8 crore compared to ₹1,316.6 crore in the same period last year. This impressive revenue growth reflects the company’s robust operational performance.
At the operating level, the company’s EBITDA rose by 19.3% to ₹328.9 crore in the fourth quarter of this fiscal year, up from ₹275.8 crore in the fourth quarter of the previous fiscal year. The EBITDA margin also showed improvement, standing at 21.5% in the reporting quarter compared to 21% in the corresponding period last year. EBITDA, which stands for earnings before interest, tax, depreciation and amortisation, is a key indicator of a company’s financial health.
As of 11:40 am, the shares of Godawari Power and Ispat were trading 1.69% higher at ₹950.00.
