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Godawari Power & Ispat (GPIL) investor relations material
Godawari Power & Ispat Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 and H1 FY26 saw stable to modest revenue and PAT growth year-over-year, with higher production and sales volumes of pellets and galvanized products, though realizations were softer and a pellet plant incident caused temporary disruption.
EBITDA and PAT margins remained healthy at 22% and 14% for H1, and 20% and 12% for Q2, with consolidated Q2 revenue at ₹1,308 Cr (up 3% YoY) and PAT at ₹162 Cr (up 1% YoY).
Strategic initiatives included land acquisition for new integrated steel and CRM complexes, expansion of mining capacity, and new solar and battery energy storage projects.
Approved unaudited standalone and consolidated financial results for Q2 and H1 FY26, with auditor review confirming compliance and no material misstatements.
Allotted 2,04,08,220 equity warrants at Rs.245 per warrant, raising Rs.125 crore as 25% upfront payment, with the remainder due at conversion within 18 months.
Financial highlights
H1 FY26 consolidated revenue: ₹2,631 Cr (up 1% YoY), EBITDA: ₹584 Cr (down 11% YoY), PAT: ₹378 Cr (down 15% YoY); Q2 FY26 consolidated revenue: ₹1,308 Cr (up 3% YoY), EBITDA: ₹260 Cr (up 5% YoY), PAT: ₹162 Cr (up 1% YoY).
Standalone revenue from operations for Q2 FY26 was Rs.1,142.57 crore, up from Rs.1,096.31 crore in Q2 FY25; standalone net profit for Q2 FY26 was Rs.248.40 crore, up from Rs.154.56 crore.
Dividend income of Rs.94.03 crore from joint ventures and associates contributed to other income.
EBITDA margin in Q2 FY26 improved to 20% from 19% YoY; PAT margin at 12% in Q2 FY26.
Standalone PAT for H1 FY26: ₹449 Cr (up 6% YoY), with a margin of 20%.
Outlook and guidance
FY26 production guidance: Iron ore mining 3.0 MnT, pellets 3.0 MnT, sponge iron 0.594 MnT, steel billets 0.5 MnT, rolled products 0.375 MnT, ferro alloys 91,500T; H1 FY26 achievement: 43–55% of annual guidance.
250 MWp solar power plant to be operational by March 2027, supporting steel operations and reducing reliance on thermal/grid power.
Battery energy storage system plant investment to be completed by March 2027.
New pellet plant (2 million tons) commissioning targeted by end of November 2025, with 80-85% utilization expected from Q4.
Iron ore mining expansion to six million tons expected to ramp up from April 2026, reaching full capacity by January 2027.
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