Godawari Power and Ispat shares gained 10.1% on BSE, logging an all-time high at ₹320 per share following the release of strong Q4FY26 results. According to reports from Business Standard, the stock was under pressure after the company released its results on Tuesday, after market hours. However, at 11:46 AM, the share price had pared some gains but was still up 9.13% at ₹316.9 per share. In comparison, the BSE Sensex was down 0.06% at 75,156.90.
In the March quarter (Q4FY26), Godawari Power reported a net profit of ₹280 crore, compared to ₹222 crore a year ago, up 26%. As reported by Business Standard, the company's revenue from operations stood at ₹1,610 crore, compared to ₹1,468 crore year-on-year, up 10%. The Earnings before interest, tax, depreciation and amortisation (Ebitda) stood at ₹439 crore, compared to ₹318 crore year-on-year, up 38%. Ebitda margin improved to 27% from 22% a year ago.
The Board has declared a dividend of ₹1 per share following the strong financial performance. According to Business Standard, B.L. Agrawal, chairman and managing director of Godawari Power and Ispat, commented that despite softer realizations, the company delivered resilient performance in FY26. He noted that revenues remained steady and Ebitda and profit after tax margins were strong at 23% and 15% respectively. The management highlighted the company's competitive advantage of captive iron ore mines, strong net cash position, ongoing capacity expansion, and firm ESG commitment.
Godawari Power & Ispat is a Raipur-based integrated steel manufacturer and the flagship company of the Hira Group of Industries. As reported by Business Standard, the company has evolved from a sponge iron and captive power plant into a fully integrated, end-to-end manufacturer of mild steel wires. Its manufacturing portfolio spans sponge iron, billets, ferroalloys, wire rods, steel wires, iron ore pellets, oxygen gas, fly ash bricks, and captive power generation. The company is also one of India's pioneers in iron ore pelletisation, operating a 1.80 MTPA pellet plant at 100% rated capacity.
