Shares of Godawari Power & Ispat Ltd (GPIL) experienced a significant rally on Wednesday, climbing over 10% in early trade to reach a fresh all-time high. The surge came in response to the company's announcement of strong financial results for the March quarter (Q4 FY26), submitted to exchanges after market hours on Tuesday. By afternoon trade, Godawari Power shares were trading 8.14% higher at Rs 314.05 apiece on the BSE, marking a substantial jump from the previous close of Rs 290.40. This positive market sentiment pushed the company’s market capitalization past Rs 21,070 crore.
Q4 FY26 Financial Performance Highlights
Godawari Power & Ispat reported impressive consolidated financial figures for the fourth quarter of fiscal year 2026. The company's net profit climbed 26% year-on-year (YoY) to Rs 280.09 crore, up from Rs 221.26 crore in the same period last year. Consolidated revenue from operations also saw a healthy 10% YoY increase, reaching Rs 1,610.27 crore compared to Rs 1,468.08 crore in the corresponding quarter of the previous fiscal.
Operational efficiency also improved markedly, with EBITDA strengthening by 38% YoY to Rs 439 crore, up from Rs 318 crore a year ago. Operating margins expanded by 558 basis points, reaching 27% compared to 22% in Q4 FY25. The company attributed this strong upswing to a 41% quarter-on-quarter (QoQ) improvement in revenue, driven by a healthy production ramp-up, higher sales volumes, and better realizations.
Dividend Recommendation and Future Outlook
In addition to the strong earnings, Godawari Power's board recommended a final dividend of Re 1 per share on the face value of Re 1 each for the financial year 2025-26.
Looking ahead, the management outlined ambitious targets for FY27. According to an investor presentation, iron ore mining volumes are projected to scale up to 3.4 million tonnes (MnT) in FY27, an increase from 3 MnT recorded in FY26. Furthermore, sponge iron and steel billets production are targeted to reach 0.65 MnT and 0.525 MnT, respectively, in FY27. Chairman and Managing Director B.L. Agrawal stated that the company is well-positioned for sustainable value creation, supported by competitive advantages from captive iron ore mines, a strong net cash position, ongoing capacity expansion, and a firm commitment to ESG principles.