Godawari Power & Ispat Q2 results: Net profit, revenue rise marginally; operating margins improve

Godawari Power & Ispat Ltd reported a slight rise in quarterly profit on Friday, supported by higher revenue and improved operating performance.The steel and pellet maker’s net profit rose 1.5% to ₹161 crore for the September quarter, compared with ₹159 crore a year earlier. Revenue increased 3.2% to ₹1,307 crore from ₹1,267 crore.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 5.2% to ₹259.3 crore, up from ₹246.5 crore last year, while operating margins improved to 19.8% from 19.5%.

Godawari Power & Ispat Limited  is a leading integrated secondary steel manufacturer and power generator based in Raipur, Chhattisgarh, India. The company is part of the Hira Group.Its operations are fully integrated, covering the entire value chain from raw materials to finished products.

Godawari Power competes with domestic peers in the long steel and pellet segment and benefits from integrated operations across mining, manufacturing and power generation.