Godawari Power & Ispat Ltd announced its Q2 and H1FY26 results. H1FY26 EBITDA margin stood strong at 22% and PAT margin at 14%. Revenue, EBITDA and PAT increased slightly YoY, while sales, EBIDTA & PAT were lower QoQ. The company is on track to meet FY26 production targets. Land acquisition has been completed for Integrated Steel Plant and Battery Energy Storage Plant projects.
Financial Performance Highlights
Godawari Power & Ispat Limited (GPIL) announced its Q2 and H1FY26 results on November 14, 2025. Key highlights include:
- H1FY26 EBITDA margin stood strong at 22%, and PAT margin at 14%.
- Revenue, EBITDA and PAT increased slightly on a Year-over-Year (YoY) basis due to increased sales volume of pellet and rolled structural products.
- Sales, EBIDTA, and PAT on a Quarter-over-Quarter (QoQ) basis were lower, primarily due to a decline in sales realizations of Iron Ore Pellets and finished steel.
Q2FY26 Financial Performance
The following table summarizes the financial performance for Q2FY26:
| Particulars | UoM | Q2FY26 | Q1FY26 | QoQ | Q2FY25 | YoY |
| Net Sales | Rs. Cr. | 1,308 | 1,323 | -1% | 1,268 | 3% |
| EBITDA | Rs. Cr. | 260 | 324 | -20% | 247 | 5% |
| EBITDA Margin | % | 20% | 24% | 19% | ||
| PBT | Rs. Cr. | 231 | 291 | -21% | 218 | 6% |
| PAT Attributable to Owners | Rs. Cr. | 161 | 216 | -25% | 159 | 1% |
| PAT Margin | % | 12% | 16% | 13% | ||
| EPS – Diluted | Rs. | 2.61 | 3.50 | -25% | 2.58 | 1% |
H1FY26 Financial Performance
The following table summarizes the financial performance for H1FY26:
| Particulars | UoM | H1FY26 | H1FY25 | % Change |
| Net Sales | Rs. Cr. | 2,631 | 2,610 | 1% |
| EBITDA | Rs. Cr. | 584 | 654 | -11% |
| EBITDA Margin | % | 22% | 25% | |
| PBT | Rs. Cr. | 521 | 605 | -14% |
| PAT Attributable to Owners | Rs. Cr. | 377 | 446 | -15% |
| PAT Margin | % | 14% | 17% | |
| EPS – Diluted | Rs. | 6.11 | 7.22 | -15% |
Key Updates and Developments
- Mining Expansion: Public hearing completed for expanding Ari Dongri Iron Ore Mine capacity from 2.35 MTPA to 6 MTPA. Environmental approval expected by December 2025.
- Production Guidance: GPIL is on track to meet its FY26 production targets.
- Land Acquisition: Completed land acquisition of 452 acres for the Integrated Steel Plant (ISP) and CRM complex, and an additional 112 acres for the BESS project.
- CRM Complex: Progress is underway for establishing the 0.7 MnT CRM Complex.
- Solar Power Project: Board approved to set up 250 MW Solar Project in addition to earlier 125MW for captive use.
Source: BSE
