Godawari Power & Ispat Ltd Share Price – NSE /  BSE

Steel, Small Cap

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.

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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.

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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.

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Godawari Power & Ispat will hold a meeting of the Board of Directors of the Company on 12 February 2025.

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