Godawari Power and Ispat Ltd

Godawari Power & Ispat Ltd share price slipped 1.22% to Rs 243.7 after the company's net profit tanked by 20.64% to Rs 222.37 crore, while revenue from operations slightly gained 8.71% to Rs 1750.47 crore in Q2FY26 over Q1FY26. The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.32 lakh crore, gaining 2.77%. It has inched up 3.76% over last one week and moved up slightly by 1.91% in last one month while the market capitalization of Godawari Power & Ispat Ltd has marginally improved by 0.56% and 17.25% in the same period respectively. Profit before tax (PBT) of Godawari Power & Ispat Ltd stood at Rs 301.82 crore in Q2 FY26, rising 3.89% year-on-year, and crashing by 22.54% quarter-on-quarter. EBITDA came in at Rs 300 crore, declining 0.39% YoY and tumbling by 27.38% sequentially. Total expenses surged 20.26% to Rs 1466.79 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 973.56 crore, witnessing a sharp rise of 38.49% YoY, while employee benefits expense was at Rs 92.35 crore, rising by 8.49% YoY. For the TTM ended FY26, revenue from operations softened by 1.46% to Rs 5375.73 crore, while net profit declined by 13.11% to Rs 812.98 crore, compared to previous TTM. EBITDA jumped by 124302% to Rs 1097.73 crore, and PBT contracted 13.05% to Rs 1092.02 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 895.46 crore in FY26, as against Rs 1044.44 crore in FY25. Godawari Power & Ispat Ltd soared by 27.89% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 1.97% during the same period.

Godawari Power & Ispat has divested 7,74,000 equity shares of Jammu Pigments (JPL) for a consideration of Rs 23.10 crore. Post conclusion of the transaction, the company's stake in JPL has reduced from 43.96% to 39.99%.

Godawari Power & Ispat will hold a meeting of the Board of Directors of the Company on 7 August 2026.

Godawari Power & Ispat has temporarily suspended the operations at 2.0 MnT Iron Ore Pellet Plant situated at phase II, Siltara Industrial Area, Raipur, Chhattisgarh w.e.f. 14 July 2026, due to curtailment of contracted gas supplies by GAIL, pursuant to withdrawal of Natural Gas (Supply Regulation) Order, 2026 vide Gazette Notification dated 04 July 2026, continuing Force Majeure situation as communicated by the upstream supplier(s) and operational feasibility, resulting in increased gas pricing, effective from 09 July 2026, and also on account of lower production of iron ore from Ari Dongri Mines in view of rainy season. The higher cost natural gas prices, on account of additional cost of drawing natural gas beyond the contracted supplies coupled with sourcing iron ore from market at higher cost, is making production of pellets economically, unviable. The shutdown of Pellet Plant will result into lower the production and sales volumes of Iron Ore Pellets, impacting profitability of the Company in Q2FY27, however there will be no long-term impact on profitability, as the Company, iron ore production to volume to increase post monsoon and gas supplies are nomalized.

Godawari Power & Ispat has further invested Rs 100 crore in wholly owned subsidiary, Godawari New Energy against allotment of 10 crore equity shares of Rs 10 each at par on rights basis. Consequent to the allotment, the company's investment in Godawari New Energy has increased to Rs 450 crore comprising of 45 crore equity shares of Rs 10 each.

Godawari Power & Ispat has allotted 3,71,520 equity shares under ESOP on 30 May 2026. With this allotment, the paid up equity share capital has increased from Rs. 67,27,25,910/-to Rs. 67,30,97,430/-.

Godawari Power & Ispat has received affirmation in credit rating at CRISIL AA-/ CRISIL A1+ for bank facilities. The outlook on long term rating has been revised from Positive to Stable.

Godawari Power & Ispat announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 27 June 2026.

BLS International Services Ltd, PCBL Chemical Ltd, Timken India Ltd, P I Industries Ltd are among the other stocks to see a surge in volumes on NSE today, 20 May 2026.Godawari Power & Ispat Ltd notched up volume of 507.92 lakh shares by 14:14 IST on NSE, a 24.96 fold spurt over two-week average daily volume of 20.35 lakh shares. The stock rose 5.64% to Rs.306.95. Volumes stood at 23.58 lakh shares in the last session.BLS International Services Ltd saw volume of 264.73 lakh shares by 14:14 IST on NSE, a 22.77 fold spurt over two-week average daily volume of 11.63 lakh shares. The stock increased 2.67% to Rs.269.00. Volumes stood at 25.29 lakh shares in the last session.PCBL Chemical Ltd notched up volume of 183.66 lakh shares by 14:14 IST on NSE, a 20.94 fold spurt over two-week average daily volume of 8.77 lakh shares. The stock rose 5.96% to Rs.289.85. Volumes stood at 7.91 lakh shares in the last session.Timken India Ltd recorded volume of 5.72 lakh shares by 14:14 IST on NSE, a 7.76 times surge over two-week average daily volume of 73683 shares. The stock gained 3.73% to Rs.3,669.80. Volumes stood at 1.4 lakh shares in the last session.P I Industries Ltd saw volume of 18.29 lakh shares by 14:14 IST on NSE, a 7.34 fold spurt over two-week average daily volume of 2.49 lakh shares. The stock dropped 6.96% to Rs.2,907.10. Volumes stood at 3.59 lakh shares in the last session.Powered by Capital Market - Live

Godawari Power & Ispat announced that the Board of Directors of the Company at its meeting held on 19 May 2026, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 100%) , subject to the approval of the shareholders.