Godawari Power & Ispat (GPIL) Q4 25/26 earnings summary

Executive summary

• FY 2026 marked by strategic milestones, including enhanced mining and pellet capacities, solar power expansion, and new project launches, with strong EBITDA and PAT margins of 23% and 15% respectively.

• Audited standalone and consolidated financial results for the year ended 31 March 2026 were approved, with unmodified opinions from statutory auditors.

• Strategic focus on operational efficiency, cost optimization, and ESG initiatives positions the company for sustainable growth.

• Final dividend of Re.1 per share (100%) recommended for FY 2025-26, subject to shareholder approval.

Financial highlights

• FY 2026 consolidated revenue was Rs. 5,381 crore, stable year-over-year; Q4 FY 2026 revenue up 41% QoQ to Rs. 1,610 crore.

• FY 2026 EBITDA at Rs. 1,253 crore (23% margin); Q4 EBITDA up 38% YoY and 91% QoQ to Rs. 439 crore.

• FY 2026 PAT at Rs. 802 crore (15% margin); Q4 PAT at Rs. 280 crore.

• Standalone revenue for FY 2026 was Rs. 4,713.96 crore, with standalone net profit at Rs. 919.43 crore.

• Operating cash flow improved 29% YoY to Rs. 1,157 crore; net cash balance at Rs. 837 crore.

Outlook and guidance

• FY 2027 revenue expected to exceed Rs. 6,000 crore, with EBITDA margin guidance of 24%-25%.

• FY 2027 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.

• CapEx for FY 2027 estimated at Rs. 1,500-2,000 crore, rising to Rs. 3,000 crore in FY 2028 and FY 2029.

• Long-term vision targets Rs. 30,000 crore top line and Rs. 3,000 crore PAT by 2031, driven by BESS, steel, and CRM projects.

• Additional investment of up to Rs. 200 crore planned in Godawari New Energy Pvt Ltd for a BESS project by March 2027.