Godawari Power Q4 Revenue Rises 41% QoQ
Godawari Power and Ispat Limited reported a 41% quarter-on-quarter increase in Q4 FY26 revenue, driven by higher sales volume and improved realizations. EBITDA for the quarter rose 91% sequentially to INR 439 crores, while PAT stood at INR 280 crores. Operational achievements include the commissioning of a 2-million-ton pellet plant and environment approval for expanding Ari Dongri Mines to 6 million tons. The company is advancing strategic projects such as a 0.7-million-ton CRM Complex, a 20-Gigawatt BESS project, and a 1-million-ton integrated steel plant.
*this image is generated using AI for illustrative purposes only.
Godawari Power and Ispat Limited has filed the transcript of its conference call regarding the Q4 and FY26 results held on May 20, 2026. The company reported a strong financial performance for the quarter, with revenue recording a 41% quarter-on-quarter growth supported by a healthy production ramp-up, higher sales volume, and improved realizations. The intimation was filed with the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance
For the full year FY26, revenue remained stable while EBITDA stood at INR 1,253 crores. Profit After Tax (PAT) for the year was INR 802 crores. In Q4 FY26, EBITDA increased by 38% year-on-year and 91% quarter-on-quarter to INR 439 crores, while PAT rose to INR 280 crores. Cash flow from operating activities improved by 29% to INR 1,157 crores, driven by efficient working capital management. The company maintains a healthy balance sheet with a cash position of INR 837 crores.
| Metric | FY26 | Q4 FY26 |
|---|---|---|
| Revenue | Stable | +41% QoQ |
| EBITDA | INR 1,253 crores | INR 439 crores |
| PAT | INR 802 crores | INR 280 crores |
| Cash Flow | INR 1,157 crores | - |
Operational Highlights
GPIL achieved production targets across key segments, with sponge iron, structural rolled products, and ferroalloys surpassing planned levels. The company commissioned a 2-million-ton iron ore pellet plant in December 2025, increasing total pellet capacity to 4.7 million tons. Additionally, GPIL received environment approval for the capacity enhancement of the Ari Dongri Mines from 2.35 to 6 million tons, with full-scale operations targeted from FY28.
Strategic Updates
The company is progressing on its 0.7-million-ton CRM Complex project, targeted for commissioning by March FY27. GPIL is also setting up a 20-Gigawatt BESS project, expected to commission from March 2027, and has signed long-term agreements with EVE Power and Shanghai Shenyi Roche Energy Technology. The Board has approved a 1-million-ton integrated steel plant, with construction expected to begin in October 2026.
The transcript of the conference call is available on the official website of Godawari Power and Ispat Limited under Investors Information > Shareholders > Notices.
How will the ramp-up of Ari Dongri Mines to 6 million tons capacity from FY28 impact GPIL's raw material cost structure and overall margins compared to current levels?
What are the projected revenue and EBITDA contributions expected from the 0.7-million-ton CRM Complex and the 20-Gigawatt BESS project once fully commissioned in FY27?
Given the long-term agreements signed with EVE Power and Shanghai Shenyi Roche Energy Technology, how exposed is GPIL to geopolitical and supply chain risks in its BESS business?
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