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Godawari Power & Ispat (GPIL) investor relations material
Godawari Power & Ispat Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M FY26 saw resilient operational performance with EBITDA and PAT margins at 22% and 14%, despite softer realizations and a slight revenue decline.
Q3 FY26 iron ore mining production rose 46% YoY; value-added steel product sales grew 15% YoY, while pellet sales declined due to a plant accident.
Major capacity expansions underway: iron ore mining, pellet plant, CRM complex, solar power, and BESS projects, with significant progress on land acquisition and funding.
Approved disposal of 37.85% stake in Ardent Steels for Rs 90.87 Crores, with ASPL to cease as an associate post-transaction.
Strong net cash position and ongoing expansions support sustainable value creation.
Financial highlights
Q3 FY26 consolidated revenue was Rs 1,139.45 Crores, down 13% QoQ and 12% YoY; 9M FY26 revenue was Rs 3,770 Crores, down 4% YoY.
Q3 FY26 EBITDA was Rs 230 Crores (20% margin), up 4% YoY; 9M FY26 EBITDA was Rs 814 Crores (22% margin), down 7% YoY.
Q3 FY26 PAT was Rs 143.45 Crores (13% margin), nearly flat YoY; 9M FY26 PAT was Rs 521.51 Crores (14% margin), down 12% YoY.
Standalone Q3 FY26 PAT was Rs 148.54 Crores (15% margin), up 9% YoY; 9M FY26 PAT was Rs 597 Crores, up 6% YoY.
EPS for 9M FY26: Rs 8.17 (consolidated, diluted), down 15% YoY.
Outlook and guidance
FY27 CapEx expected at INR 2,000 crore ± 200 crore, with strong cash reserves and debt tie-ups in place.
Mining capacity to ramp up to 5 million tons in FY27 and 6 million tons from October 2026.
Pellet plant utilization expected above 90%, targeting over 4.2 million tons production from next year.
Revenue guidance for FY28: INR 12,000-15,000 crore, with BESS and CRM contributing significantly.
Additional investment in GNEPL targets BESS plant setup, indicating a strategic focus on energy storage and diversification.
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