Godawari Power & Ispat, engaged in iron ore mining and manufacturing of iron ore pellets, sponge iron, steel billets, wire rods, H.B. wire, ferro alloys, and electricity generation, reported marginal improvement in Q2FY26 financials.
Financial Highlights:
- Revenues increased 3.15% year-on-year to ₹1,308 crore from ₹1,268 crore.
- Total expenses rose 2.42% to ₹1,100 crore from ₹1,074 crore.
- Consolidated net profit edged up 1.89% to ₹162 crore from ₹159 crore.
- Earnings per share improved slightly to ₹2.41 from ₹2.38.
The stable profit growth was supported by moderately higher sales volumes and cost control measures amidst a challenging commodity price environment.
Outlook:
Godawari Power & Ispat is focusing on optimizing operations, expanding capacity, and capitalizing on steel sector recovery. The company aims to improve product quality and diversify its customer base to enhance earnings sustainability.
Explore the company’s past earnings and latest concall transcripts, click here to visit the AlphaStreet India News Channel.
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