Godawari Power & Ispat Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, along with several strategic business decisions approved by the board of directors on February 6, 2026. The company submitted these results under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating regulatory compliance alongside mixed performance with revenue declining year-over-year while maintaining profitability.

Financial Performance Overview

The company's standalone financial results showed revenue from operations of ₹1,001.47 crores for Q3FY26, compared to ₹1,095.26 crores in the corresponding quarter of the previous year. Despite the revenue decline, the company maintained strong profitability with net profit reaching ₹148.54 crores for the quarter, representing a 9.42% increase from ₹135.75 crores in Q3FY25.

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹3,277.97 crores compared to ₹3,385.65 crores in the previous year, while net profit increased to ₹597.44 crores from ₹565.15 crores.

Consolidated Results

On a consolidated basis, the company reported revenue from operations of ₹1,139.45 crores for Q3FY26 against ₹1,297.60 crores in Q3FY25. Consolidated net profit for the quarter stood at ₹143.25 crores compared to ₹144.78 crores in the previous year.

Strategic Business Decisions

The board approved several significant strategic initiatives during the meeting. The company decided to purchase 4 railway wagons for transportation of raw materials and finished goods at an investment of ₹120 crores from internal accruals, primarily for captive use. To support this initiative, the board proposed amending the Memorandum of Association to include logistics and allied activities as an additional business object.

Major Divestment and Investment

Godawari Power approved the disposal of its entire 37.85% stake in Ardent Steels Private Limited, an associate company, for a consideration of ₹90.87 crores to RJ Logistic Private Limited. The transaction is expected to be completed by June 30, 2026.

Simultaneously, the board approved an additional investment of ₹200 crores in Godawari New Energy Private Limited (GNEPL), a wholly owned subsidiary, for CAPEX and working capital requirements for setting up a Battery Energy Storage System (BESS) Plant. This brings the total planned investment in GNEPL to ₹500 crores.

Regulatory Compliance and Corporate Governance

The company filed these results under Regulation 33 of SEBI Listing Regulations, with the financial results reviewed by the Audit Committee and approved by the Board of Directors. The results were prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. The board scheduled an Extraordinary General Meeting (EGM) for March 14, 2026, through video conferencing to obtain shareholder approval for the amendment of the main objects clause in the company's Memorandum of Association.

Operational Milestones

The company achieved a significant operational milestone by successfully commissioning its 2 MnT Iron Ore Pellet Plant on December 8, 2025. Additionally, Godawari Power received ₹130.01 crores during the quarter from preferential allotment of warrants, of which ₹124.95 crores was invested in GNEPL for the BESS project, while ₹5.06 crores remains in an escrow account. The company maintains multiple ISO certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, 50001:2018, and 27001:2022, demonstrating its commitment to quality and compliance standards.

Godawari Power And Ispat Limited has made available the audio recording of its conference call held on February 9, 2026, to discuss Q3 & 9MFY26 earnings results. The company has submitted the recording link to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Conference Call Completion

The earnings conference call was successfully conducted as scheduled on Monday, February 9, 2026, at 12:00 PM IST. The session featured key members of the company's senior management team who presented and discussed the financial performance for the quarter and nine-month period.

Management Participation

The conference call was led by three key executives from Godawari Power And Ispat Limited:

• Mr. Abhishek Agrawal – Executive Director
• Mr. Dinesh Gandhi – Executive Director
• Mr. Sanjay Bothra – CFO

Audio Recording Access

The audio recording of the conference call is now accessible through multiple channels. Stakeholders can access the recording via the direct link provided in the company's communication to stock exchanges. Additionally, the recording has been hosted on the company's official website at godawaripowerisp.at.com under the Investor section, specifically in Financials Reporting > Con Call Recording.

Regulatory Compliance

The Q3 & 9MFY26 results discussed during the conference call were approved by the Board of Directors at its meeting held on February 6, 2026. The submission of the audio recording link was made in compliance with regulatory requirements, with company secretary Y.C. Rao digitally signing the official communication on February 9, 2026.

Company Background

Godawari Power And Ispat Limited operates as a fully backward integrated steel company with a comprehensive presence across the steel value chain. The company's operations span from captive iron ore mining to the manufacturing and sale of value-added steel products, positioning it as a significant player in the integrated steel sector.