Godawari Power and Ispat Limited

Financial Results Overview

The Board of Directors at its meeting held on 13th November, 2026 approved the following financial results:

Standalone Financial Results (₹ in Crores):

Quarter Ended 30th September, 2026:

  • Revenue from operations: ₹1,410.53
  • Other Income: ₹23.73
  • Total Income: ₹1,434.26
  • Profit before tax: ₹134.12
  • Current Tax: ₹22.10
  • Deferred Tax: ₹9.83
  • Net Profit: ₹102.19
  • EPS (Basic): ₹1.57
  • EPS (Diluted): ₹1.52

Half Year Ended 30th September, 2026:

  • Revenue from operations: ₹2,897.19
  • Other Income: ₹56.83
  • Total Income: ₹2,954.02
  • Profit before tax: ₹405.49
  • Net Profit: ₹301.09
  • EPS (Basic): ₹4.63
  • EPS (Diluted): ₹4.48

Consolidated Financial Results (₹ in Crores):

Quarter Ended 30th September, 2026:

  • Revenue from operations: ₹1,631.53
  • Other Income: ₹23.28
  • Total Income: ₹1,654.81
  • Exceptional items (loss on Jammu Pigment investment): ₹(22.33)
  • Profit before tax: ₹120.41
  • Net Profit attributable to owners: ₹84.70
  • EPS (Basic): ₹1.38
  • EPS (Diluted): ₹1.32

Half Year Ended 30th September, 2026:

  • Revenue from operations: ₹3,382.00
  • Other Income: ₹56.56
  • Total Income: ₹3,438.56
  • Net Profit attributable to owners: ₹306.44
  • EPS (Basic): ₹4.97
  • EPS (Diluted): ₹4.80

Key Board Approvals

1. Capex for BESS Project

  • Approved ₹135 Crores capex for setting up 3 GWh BESS project for C&I Application
  • Project location: Auric Industrial Area, Sambhajinagar, Maharashtra
  • Implementation to commence shortly, expected commissioning by March 2028
  • Funding through additional investment from GPIL in GNEPL

2. Additional Investment in GNEPL

  • Approved additional investment of ₹110 Crores in Godawari New Energy Private Limited (wholly owned subsidiary)
  • Investment through equity/quasi equity/loan or any permissible mode
  • To be made in one or more tranches for C&I Energy Storage business
  • Total investment in GNEPL now becomes ₹810 Crores (including previous approval of ₹700 Crores)

3. Cold Rolling Mill Project Relocation

  • Approved change in location from Village Sarora, Tilda, Chhattisgarh to AURIC, Bidkin, Sambhaji Nagar, Maharashtra
  • Revised project cost: ₹1,100 Crores (including land acquisition and working capital margin money)

4. Container Manufacturing Line

  • Approved ₹100 Crores capex for container manufacturing line
  • Capacity: 10,000 Nos. of 20 ft Containers and 12,000 Nos. of Small Cabinets per annum
  • Location: AURIC, Bidkin, New Chhatrapati Sambhaji Nagar, Maharashtra
  • Expected commissioning by March 2028

5. EV Dumper Procurement

  • Approved ₹100 crores capex for procurement of 50 EV Dumpers
  • For deployment in Iron Ore Mines and Steel Plant

6. Debt Raising and Corporate Guarantee

  • Approved raising debt of ₹2,795 Crores by GNEPL (Term debt - ₹700 crores & working capital - ₹2,095 Crores)
  • Approved extending Corporate Guarantee of the Company in favor of Lenders of GNEPL for credit facilities

7. Investment in GESPL

  • Approved further investment of ₹20 Crores in Godawari Energy Solutions Private Limited (wholly owned subsidiary)
  • Investment by way of equity/loan or any permissible mode
  • GESPL to undertake EPC business for Solar Power Plants, BESS projects and renewable energy projects

8. Strategic Investment in Solarcraft

  • Approved strategic investment of ₹26.00 Crores for 26% stake in Solarcraft Power India 32 Private Limited
  • To enable procurement of long-term renewable power for manufacturing operations
  • Solarcraft developing solar power project in Chhattisgarh as Captive Generating Plant

9. ESOP Plan Amendments

  • Approved alteration in clauses pertaining to Vesting Period, Vesting Date, Vesting Schedule and Vesting Conditions
  • In existing "GPIL Employee Stock Option Plan 2023"
  • Subject to shareholder approval by special resolution

10. Policy Adoptions

  • Approved and adopted Biodiversity Policy
  • Approved and adopted revised Code of Conduct and Business Ethics
  • Policies to be updated on company website

11. Corporate Brand Identity

  • Approved and adopted fresh corporate brand identity and logo
  • Rationale: Reflect company's evolving business profile, expansion plans, and new energy initiatives
  • Legal name remains unchanged as Godawari Power and Ispat Limited

Financial Position

Standalone Balance Sheet (as of 30th September, 2026):

  • Total Assets: ₹7,507.58 Crores
  • Equity Share Capital: ₹65.07 Crores
  • Other Equity: ₹5,768.76 Crores
  • Total Borrowings: ₹674.09 Crores (Non-current: ₹317.66 Crores, Current: ₹356.43 Crores)

Consolidated Balance Sheet (as of 30th September, 2026):

  • Total Assets: ₹8,005.83 Crores
  • Equity Share Capital: ₹61.71 Crores
  • Other Equity: ₹5,917.24 Crores
  • Non-Controlling Interest: ₹37.87 Crores
  • Total Borrowings: ₹720.38 Crores (Non-current: ₹328.60 Crores, Current: ₹391.78 Crores)

Cash Flow Highlights

Standalone Cash Flow (Half Year Ended 30th September, 2026):

  • Net cash from operating activities: ₹311.73 Crores
  • Net cash used in investing activities: ₹(470.74) Crores
  • Net cash from financing activities: ₹179.76 Crores
  • Net increase in cash: ₹20.75 Crores

Consolidated Cash Flow (Half Year Ended 30th September, 2026):

  • Net cash from operating activities: ₹260.68 Crores
  • Net cash used in investing activities: ₹(433.48) Crores
  • Net cash from financing activities: ₹218.92 Crores
  • Net increase in cash: ₹46.12 Crores

Meeting Details

Board meeting commenced at 1:00 PM and concluded at 4:15 PM on 13th November, 2026.