Godawari Power & Ispat (GPIL) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 revenue increased YoY on both standalone and consolidated bases, while profit declined; the board approved substantial investment in energy storage, manufacturing capacity and power sourcing.

• Strategic approvals include a 3 GWh C&I BESS project, a container manufacturing line, a relocated Cold Rolling Mill and renewable-power investment.

Financial highlights

• Standalone Q2 revenue was Rs 1,410.53 crore vs Rs 1,142.57 crore YoY; PAT was Rs 102.19 crore vs Rs 248.40 crore, and PBT before exceptional items was Rs 132.88 crore vs Rs 312.96 crore.

• Standalone H1 revenue was Rs 2,897.19 crore vs Rs 2,276.50 crore; PAT was Rs 301.09 crore vs Rs 448.90 crore YoY.

• Consolidated Q2 revenue was Rs 1,631.53 crore vs Rs 1,307.68 crore YoY; net profit was Rs 85.00 crore vs Rs 161.65 crore, with a Rs 22.33 crore exceptional charge in Q2 FY27.

• Consolidated H1 revenue was Rs 3,382.00 crore vs Rs 2,630.93 crore; net profit was Rs 307.37 crore vs Rs 378.05 crore YoY.

Outlook and guidance

• The 3 GWh C&I BESS project is planned for construction from March 2027, subject to regulatory approvals, with commissioning targeted by March 2028.

• The container line is planned alongside the CRM project at AURIC, Bidkin; the board announcement targets March 2028 commissioning, while Annexure D lists March 2027 tentatively.

• The CRM project was relocated from Sarora, Chhattisgarh, to AURIC, Bidkin, Maharashtra, with revised project cost of Rs 1,100 crore including land and working-capital margin.