Godawari Power & Ispat (GPIL) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 delivered resilient performance with consolidated revenue rising to ₹1,750.47 crore, up 32% YoY, and improved sales volumes and realizations, though sequential profitability was impacted by higher input costs from increased market procurement of iron ore and elevated coal prices amid the West Asia crisis.

• Net profit after tax for Q1 FY27 was ₹222.37 crore, compared to ₹216.41 crore in Q1 FY26 and ₹280.23 crore in Q4 FY26.

• Strategic investments continue in backward integration, value-added steel, renewable energy, and energy storage, with major projects on track for commissioning.

• The company remains on track to meet FY27 guidance, with Q1 volumes achieving 16%-29% of full-year targets.

• Vision 2030 targets a 4x increase in revenue and 3x growth in EBITDA and PAT, leveraging a strong balance sheet and captive mining assets.

Financial highlights

• Q1 FY27 consolidated revenue: ₹1,750 Cr (+32% YoY, +9% QoQ); EBITDA: ₹334 Cr (+3% YoY, -24% QoQ); PAT: ₹222 Cr (+3% YoY, -21% QoQ).

• EBITDA and PAT margins stood at 19.1% and 12.7%, respectively; both remained stable YoY but softened sequentially due to higher input costs.

• Standalone net sales: ₹1,487 Cr (+31% YoY, +4% QoQ); standalone PAT: ₹199 Cr (-1% YoY, -38% QoQ).

• Net cash position at ₹837 Cr as of FY26.

• Basic EPS (consolidated) for Q1 FY27 was ₹3.59, compared to ₹3.48 in Q1 FY26 and ₹4.56 in Q4 FY26.

Outlook and guidance

• FY27 production guidance: Iron ore mining 3.4 MnT, pellets 4.0 MnT, sponge iron 0.65 MnT, steel billets 0.525 MnT, rolled products 0.44 MnT, ferro alloys 95,000 tons.

• Beneficiation plant (5.4 MnT) commissioning in Q3FY27 to improve captive mining and cost efficiencies; full benefits expected from Q4FY27.

• 20 GWh BESS project on track for Q1FY28 commissioning.

• CRM Complex relocated to Maharashtra to leverage state incentives and proximity to BESS plant.

• Continued focus on renewable energy and operational efficiency expected to support future growth.