Godawari Power January-March Net Profit Rises 1.4% On Year; Revenue Slips 4%

Godawari Power and Ispat Ltd.'s consolidated net profit for the March quarter rose 1.4% on year to ₹2.21 billion, while revenue from operations declined 4% to ₹14.68 billion. On a sequential basis, profit jumped nearly 53% and revenue rose over 13%.

Other income fell to ₹247.90 million from ₹401.80 million a year ago. Total expenditure, including finance costs, was slightly lower at ₹12.05 billion versus ₹12.61 billion last year. Finance costs dropped to ₹149.80 million from ₹237.40 million. Tax outgo for the quarter stood at ₹735 million, down from ₹910.10 million.

For 2024-25, net profit fell more than 13% to ₹8.12 billion and revenue slipped 1.5% to ₹53.76 billion. The company announced a final dividend of ₹1 per share.

The board has approved a 50,000-tonne increase in steel melting capacity at an existing plant, with a capex of ₹130 million. It also cleared a plan to expand the capacity of its solar power plant to 125 MW from 95 MW. The revised capex for the solar project is now ₹3.95 billion. The expanded solar capacity will support the enlarged steel melting operations, which are scheduled to come online by March.