Godawari Power & Ispat Q1 Results: Net profit rises 1% YoY to ₹198.90 crore
Godawari Power & Ispat Ltd posted a standalone net profit of ₹198.90 crore for Q1FY27, slightly down 0.8% YoY, while consolidated profit rose 2.8% to ₹222.37 crore. Revenue grew over 30% YoY driven by higher sales, offset by rising material costs. The firm raised ₹25.05 crore via warrants for green energy projects and commissioned new solar and waste-heat power plants.

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Godawari Power & Ispat reported a standalone net profit of ₹198.90 crore for the quarter ended June 30, 2026 (Q1FY27), marking a marginal 0.8% year-on-year decline from ₹200.50 crore in Q1FY26. Consolidated net profit attributable to owners of the company rose 2.8% YoY to ₹221.74 crore from ₹215.96 crore in the prior year period. The results reflect stable profitability despite higher material costs, supported by operational efficiencies and new capacity additions.
The Board of Directors approved the unaudited financial results on August 7, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors Singhi & Co. The company also announced its 27th Annual General Meeting (AGM) scheduled for September 19, 2026, to be conducted via video conferencing or other audio-video means.
Financial Performance
Standalone revenue from operations increased 30.9% YoY to ₹1,486.66 crore from ₹1,133.93 crore in Q1FY26. Total income stood at ₹1,519.76 crore, up from ₹1,158.29 crore. However, total expenses rose significantly to ₹1,248.39 crore from ₹887.98 crore, primarily driven by a surge in cost of materials consumed, which jumped to ₹828.59 crore from ₹622.83 crore year-on-year.
Consolidated revenue from operations grew 32.3% YoY to ₹1,750.47 crore. Consolidated total income reached ₹1,783.75 crore against ₹1,345.70 crore in the corresponding period of the previous year. The share of profit from associates and joint ventures contributed ₹5.19 crore to the consolidated bottom line.
| Metric | Standalone Q1FY27 | Standalone Q1FY26 | Consolidated Q1FY27 | Consolidated Q1FY26 |
|---|---|---|---|---|
| Revenue from Operations | ₹1,486.66 Cr | ₹1,133.93 Cr | ₹1,750.47 Cr | ₹1,323.25 Cr |
| Total Income | ₹1,519.76 Cr | ₹1,158.29 Cr | ₹1,783.75 Cr | ₹1,345.70 Cr |
| Total Expenses | ₹1,248.39 Cr | ₹887.98 Cr | ₹1,487.12 Cr | ₹1,058.28 Cr |
| Net Profit | ₹198.90 Cr | ₹200.50 Cr | ₹222.37 Cr | ₹216.41 Cr |
| EPS (Basic) | ₹3.06 | ₹3.10 | ₹3.59 | ₹3.52 |
Capital Raise and Investments
The company received ₹25.05 crore during the quarter from the preferential allotment of convertible warrants. Of this amount, ₹24.83 crore was invested in Godawari New Energy Private Limited, a wholly-owned subsidiary, for setting up a Battery Energy Storage System Project. The remaining funds were allocated towards the establishment of a Cold Rolling Mill Plant. Additionally, the paid-up share capital increased to ₹65.06 crore following the conversion of equity warrants into 13,61,000 equity shares and the exercise of ESOPs resulting in 3,71,520 shares.
Operational Updates
Godawari Power & Ispat successfully commissioned a 25 MW Solar Power plant on May 19, 2026, and a 6.91 MW Waste Heat Recovery based Power Plant on June 23, 2026. These additions strengthen the company’s renewable energy footprint and operational efficiency. The Board also approved the re-appointment of Abhishek Agrawal, Siddharth Agrawal, and Dinesh Kumar Gandhi as Whole-Time Directors for a further period of five years, subject to shareholder approval at the upcoming AGM.
Historical Stock Returns for Godawari Power & Ispat
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.70% | -3.51% | -6.41% | -4.13% | +26.31% | +219.41% |
How will the rising cost of materials, which surged significantly in Q1FY27, impact Godawari Power & Ispat's gross margins in subsequent quarters?
What is the expected timeline for the Battery Energy Storage System project to become operational and contribute to revenue?
Will the commissioning of the 25 MW Solar and Waste Heat Recovery plants lead to measurable reductions in the company's overall energy costs in FY27?


































