Godawari Power’s shares surged 10% to an all-time high of ₹320 per share on the BSE, following the company’s strong Q4 results. The stock later pared some gains, but was still up 9.13% at ₹316.9 per share at 11:46 AM.
The company reported a net profit of ₹280 crore in the March quarter, a 26% increase from ₹222 crore a year ago.
Revenue from operations stood at ₹1,610 crore, up 10% from ₹1,468 crore year-on-year.
The Earnings before interest, tax, depreciation and amortisation (Ebitda) stood at ₹439 crore, a 38% increase from ₹318 crore year-on-year, with an Ebitda margin of 27%, up from 22% a year ago.
According to the report, the Board has declared a dividend of ₹1 per share.
B.L. Agrawal, chairman and managing director of Godawari Power and Ispat, said, “Despite softer realizations, we delivered resilient performance in FY26, with revenues remaining steady and Ebitda and profit after tax margins strong.”
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Godawari Power & Ispat is a Raipur-based integrated steel manufacturer and the flagship company of the Hira Group of Industries.
The company has evolved from a sponge iron and captive power plant into a fully integrated, end-to-end manufacturer of mild steel wires, with a manufacturing portfolio spanning sponge iron, billets, ferroalloys, wire rods, steel wires, iron ore pellets, oxygen gas, fly ash bricks, and captive power generation.
Godawari Power is also one of India’s pioneers in iron ore pelletisation, operating a 1.80 MTPA pellet plant at 100% rated capacity.
The company’s strong Q4 results were driven by its competitive advantage of captive iron ore mines, a strong net cash position, ongoing capacity expansion, and a firm ESG commitment. As they look to the future, they remain well-positioned for sustainable value creation through operational efficiency and aid for electric vehicles is not directly relevant, but their solar-led cost optimisation efforts are.
In the broader market, the BSE Sensex was down 0.06% at 75,156.90, while the NSE Nifty was trading flat. Godawari Power’s results were a bright spot in an otherwise muted market, with the company’s shares outperforming the benchmark indices, similar to Shriram General Insurance’s net profit increase.
Overall, Godawari Power’s strong Q4 results were driven by its competitive advantage, strong operational performance, and firm ESG commitment. The company remains well-positioned for sustainable value creation through operational efficiency, solar-led cost optimisation, and the continued support of its stakeholders, which is crucial for its future growth.
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