Godawari Power And Ispat limited has informed the Exchange about Transcript
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Godawari Power & Ispat reported steady Q1 FY26 results with consolidated EBITDA margin of 24% and PAT margin of 16%, achieving 20-25% of full-year volume guidance. Ferro alloys production rose 15% YoY. The Board approved a major INR1,600 crore capex for two diversification projects: a INR900 crore cold rolling mill (0.7 MT capacity) commissioning by March 2027, and a INR700 crore 10 GW Battery Energy Storage System (BESS) project in Maharashtra through subsidiary Godawari New Energy. Pellet expansion (2 MT) is on track for October commissioning, while Ari Dongri mine capacity expansion (2.35 to 6 MT) is expected to receive approvals by Q3 FY26. Boria Tibu mine operations have resumed post approval. The company also received PGCIL approval to supply steel billets for transmission line structures, with management expecting galvanized product volumes to cross 30,000 tons per quarter going forward.
Positive for shareholders as the INR1,600 crore diversification into value-added steel (CRM complex targeting INR4-5/ton EBITDA) and BESS (potential 40-50% ROI) opens new growth avenues beyond traditional steel. The capex is well-funded with leverage projected below 0.5x and free cash of INR800-1,000 crore annually, limiting balance sheet risk while expanding the long-term earnings base.