Godawari Power and Ispat Ltd

Net profit of Godawari Power & Ispat rose 1.35% to Rs 221.26 crore in the quarter ended March 2025 as against Rs 218.31 crore during the previous quarter ended March 2024. Sales declined 4.04% to Rs 1468.08 crore in the quarter ended March 2025 as against Rs 1529.81 crore during the previous quarter ended March 2024. For the full year,net profit declined 13.22% to Rs 811.67 crore in the year ended March 2025 as against Rs 935.35 crore during the previous year ended March 2024. Sales declined 1.46% to Rs 5375.73 crore in the year ended March 2025 as against Rs 5455.35 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1468.081529.81 -4 5375.735455.35 -1 OPM %21.6821.50 -22.2124.34 - PBDT335.62346.90 -3 1247.211397.29 -11 PBT295.17310.18 -5 1092.021255.98 -13 NP221.26218.31 1 811.67935.35 -13 Powered by Capital Market - Live

Godawari Power & Ispat announced that the Board of Directors of the Company at its meeting held on 20 May 2025, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Godawari Power & Ispat will hold a meeting of the Board of Directors of the Company on 20 May 2025.Powered by Capital Market - Live

EBITDA stood at Rs 221 crore in Q3 FY25, registering a decline of 33.23% compared to Rs 331 crore reported in the corresponding quarter of the previous year. EBITDA margin reduced to 17% in Q3 FY25 as compared to 25% recorded in Q3 FY24. The fall in EBITDA and PAT was due to lower production volumes of iron ore and pellets, as well as a decrease in realizations of almost all products, except ferro alloys. Profit before tax in Q3 FY25 was at Rs 191.76 crore, down 35.31% as against Rs 296.44 crore reported in the same period a year ago. B.L. Agrawal, chairman and managing director, commenting on results, said, 'GPIL has delivered consistent performance over the past nine months, despite experiencing lower realizations. On a quarterly basis, our financial results reflect the effects of decreased production volumes for iron ore and pellets, as well as lower sales realizations for finished products. As we approach the end of FY25, we remain hopeful about restoring our pellet production and sales to previous levels. Our robust net cash position, combined with a well-planned capex strategy focused on substantially expanding our iron ore mining and pellet production capacities, provides a solid foundation for future growth. Improved operational efficiencies and cost savings from solar energy will further strengthen our performance. Moreover, the benefits of owning captive iron ore mines and producing high-grade pellets, coupled with the steadfast support from our stakeholders, position us for remarkable success in the years ahead.' Godawari Power & Ispat has two captive iron ore mines, a pellet plant, and a vertically integrated steel plant in Raipur. The steel plant manufactures sponge iron, billets, MS rounds, HB wires, ferro alloys, and prefab structures.Powered by Capital Market - Live

Net profit of Godawari Power & Ispat declined 36.85% to Rs 144.78 crore in the quarter ended December 2024 as against Rs 229.26 crore during the previous quarter ended December 2023. Sales declined 0.86% to Rs 1297.60 crore in the quarter ended December 2024 as against Rs 1308.92 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1297.601308.92 -1 OPM %17.0425.28 - PBDT228.77331.93 -31 PBT191.76296.44 -35 NP144.78229.26 -37 Powered by Capital Market - Live

In a regulatory filing made during market hours today, the company said that the Chhattisgarh Environment Conservation Board has granted the company its consent to operate the enhanced Sponge Iron Division (SID) at the company's Siltara Industrial Area plant in Raipur, Chhattisgarh. This approval will allow the company to increase its Sponge Iron production capacity from 495,000 metric tons per annum (MTPA) to 594,000 MTPA. Godawari Power & Ispat is the flagship arm of Chhattisgarh-based Hira Group of Industries. The company has two captive iron ore mines, pellet plant and a vertically integrated steel plant in Raipur. The steel plant manufactures sponge iron, billets, MS rounds, HB wires, ferro alloys and pre-fab structures. The company's consolidated net profit declined 38.05% to Rs 159.12 crore on 1.82% decrease in revenue to Rs 1,267.57 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Godawari Power & Ispat will hold a meeting of the Board of Directors of the Company on 12 February 2025.Powered by Capital Market - Live

Godawari Power Stable/ CRISIL A1+ of the company. Powered by Capital Market - Live

Godawari Power has entered into an agreement with GAIL (India) on 10 December 2024 for supply of RLNG Gas for the company's upcoming pellet plant in the ordinary course of business for a period of seven years. Godawari Power & Ispat is the flagship arm of Chhattisgarh-based Hira Group of Industries. The company has two captive iron ore mines, pellet plant and a vertically integrated steel plant in Raipur. The steel plant manufactures sponge iron, billets, MS rounds, HB wires, ferro alloys and pre-fab structures. The company's consolidated net profit declined 38.05% to Rs 159.12 crore on 1.81% decrease in revenue to Rs 1,267.57 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

The Board of Godawari Power & Ispat at its meeting held on 19 November 2024 has approved acquisition of up to 51% stake in Jammu Pigments (JPL) for a consideration of Rs 255 crore. JPL is engaged in the Business of Recycling of NonFerrous Metals with operations covering recycling of Lead Acid Batteries and other Secondary Lead waste. The company and its subsidiaries are also equipped to process complex mixtures of Industrial waste of non-ferrous metals. JPL's advanced technical expertise enables the efficient extraction of trace metals from waste materials ensuring highly cost-effective operations. JPL & its subsidiaries has manufacturing units located at Kathua district, Jammu & Kashmir and Kota, Rajasthan. The Board also approved to cancel the proposed transactions with RG Pigments (RGPL) for acquisition of 74% stake in RGPL, which was approved by the Board of Directors of GPIL in its meeting held on 6 November 2024. RGPL is the wholly owned subsidiary of JPL and shall continue to be 100% subsidiary of JPL.Powered by Capital Market - Live