Net profit for the March quarter rose 26.6% year-on-year to ₹280 crore from ₹221.3 crore in the corresponding period last year. Revenue increased 9.7% to ₹1,610.3 crore from ₹1,468 crore.
EBITDA surged 37.9% year-on-year to ₹439 crore compared with ₹318.3 crore a year ago, while EBITDA margin expanded sharply to 27.3% from 21.7%, reflecting improved operational efficiency and stronger profitability.
Ahead of the earnings announcement, shares of Godawari Power & Ispat closed 2.5% higher at ₹290.30 on the NSE.
The company’s board recommended a final dividend of Re 1 per equity share of face value Re 1 each for FY26, subject to shareholder approval at the upcoming annual general meeting.
The strong quarterly performance comes as the company continues to expand its steel manufacturing footprint. Earlier in March, GPIL said its board had approved the setting up of a 1 million tonnes per annum integrated steel plant at an estimated project cost of around ₹7,000 crore.
The project will be funded through a mix of debt and internal accruals in a 1:1 ratio, the company had said in an exchange filing.
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In the December quarter, Godawari Power had reported a mixed performance, with revenue declining year-on-year even as margins improved. The latest quarter’s performance indicates a sharper recovery in profitability and operational momentum.
Godawari Power and Ispat operates across steel, mining and power businesses, with interests spanning iron ore mining, pellet production, sponge iron, billets and power generation.
