Godawari Power & Ispat (GPIL) Q4 24/25 earnings summary

Executive summary

• Achieved highest-ever production in sponge iron, iron ore pellets, ferro alloys, steel billets, silico manganese, and power in FY25, meeting or surpassing production guidance across key segments.

• Consolidated revenue from operations for FY25 reached ₹5,455.35 crore, up from ₹5,375.73 crore year-over-year.

• Net profit after tax for FY25 was ₹935.59 crore, compared to ₹812.98 crore in FY24.

• Maintained a net cash balance sheet with zero net debt and net cash of Rs. 863 Cr as of FY25.

• Completed acquisition of a 43.96% stake in Jammu Pigments Ltd., expanding into non-ferrous metal recycling.

Financial highlights

• FY25 consolidated revenue was Rs. 5,455.35 Cr, up year-over-year; EBITDA at Rs. 1,194 Cr, PAT at Rs. 935.59 Cr.

• Q4 FY25 revenue: INR 1,468 Cr, EBITDA: INR 318 Cr, PAT: INR 221 Cr.

• EBITDA margin for FY25 was 22%; PAT margin 15%.

• Net cash flow as of March 31, 2025: INR 863 crores.

• Dividend recommended: INR 1 per share (100% of paid-up capital).

Outlook and guidance

• FY26 production guidance: 3 million tons each for iron ore mining and pellets, 5.94 lakh tons sponge iron, 500,000 tons steel billets, 375,000 tons rolled products, 90,000 tons ferro alloys.

• Expected 5-7% topline growth in FY26, driven by new pellet plant and rolling mill.

• EBITDA margin guidance for FY26 similar to FY25 (20%+), subject to market conditions.

• CapEx for FY26: INR 850-1,000 crores, focused on pellet plant, mines, solar, and energy efficiency.

• Major capex projects underway, including expansion of iron ore mining and pellet plant capacities, with expected completion by Q4FY26.