Godawari Power And Ispat limited Earnings Summary — Q1 FY2027
GPIL Reports Solid Revenue Growth Amid Capacity Expansion; Commissions Solar and Waste Heat Recovery Plants
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 3 consecutive quarters.
- Revenue of ₹1,750 Cr is 32.3% higher year-on-year.
- Revenue has compounded at 6.2% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹222 Cr is 2.7% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 0.7% annualised across the period.
- Operating margin stands at 19.1% in Q1 FY2027.
- Operating margin compressed by 542 bps year-on-year.
- Over the last two years operating margin has contracted by 1129 bps.
- PBT margin is 17.2%.
- Expenses grew 41.8% against revenue growth of 32.3%.
- Operating profit of ₹334 Cr is 3.0% higher year-on-year.
- Operating leverage has been under pressure recently.
- 3 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 47/100 (Moderate) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Accelerating | 1,750 | 1,610 | 1,139 | 1,308 | 1,323 | 1,468 | 1,298 | 1,268 | 1,342 | 1,530 |
| Expenses | Accelerating | 1,417 | 1,171 | 922 | 1,048 | 999 | 1,150 | 1,076 | 1,021 | 935 | 1,201 |
| Operating Profit | Accelerating | 334 | 439 | 218 | 260 | 324 | 318 | 221 | 247 | 408 | 329 |
| Operating Margin | Stable | 19.1% | 27.3% | 19.1% | 19.9% | 24.5% | 21.7% | 17.0% | 19.5% | 30.4% | 21.5% |
| Other Income | Accelerating | 38 | 18 | 27 | 23 | 26 | 32 | 20 | 24 | 32 | 41 |
| Interest | Accelerating | 20 | 19 | 13 | 11 | 15 | 15 | 13 | 14 | 14 | 24 |
| Depreciation | Improving | 50 | 48 | 45 | 41 | 44 | 40 | 37 | 39 | 38 | 37 |
| Profit Before Tax | Accelerating | 302 | 390 | 188 | 231 | 291 | 295 | 192 | 218 | 387 | 310 |
| Tax | Volatile | 79 | 109 | 44 | 69 | 74 | 74 | 47 | 58 | 100 | 91 |
| Net Profit | Accelerating | 222 | 280 | 143 | 161 | 216 | 221 | 145 | 159 | 287 | 218 |
| Net Margin | Improving | 12.7% | 17.4% | 12.6% | 12.3% | 16.3% | 15.1% | 11.2% | 12.6% | 21.3% | 14.3% |
Key Takeaways
- Revenue grew by 32% YoY to ₹1,750 crore, driven by healthy production ramp-up across value chains.
- The company successfully commissioned a 25 MW Solar Power plant and a 6.91 MW Waste Heat Recovery plant during the quarter.
- Operating margins faced pressure, declining to 17.2% due to a significant rise in cost of materials consumed, up 29.7% YoY.
- Management is targeting a full-scale iron ore mining capacity of 6 million tons by FY2028, with beneficiation plant commissioning by Q3 FY2027.
- A significant strategic pivot is underway with the 20-Gigawatt Battery Energy Storage System (BESS) project, expecting initial commissioning by Q4 FY2027.
- Total comprehensive income remained stable YoY at ₹219.9 crore, despite higher finance and depreciation costs following recent CAPEX.
Management Guidance
Management expects FY2027 revenue to exceed ₹6,000 crores with EBITDA margins sustained at approximately 24-25% despite Q1 price softening. Iron ore mining production is guided at 4.0-4.25 million tons for the current year, with net usable ore at 3.4 million tons.
Sentiment Shift
Improving
While net profit declined sequentially, the significant YoY revenue growth and aggressive expansion into BESS and renewable energy suggest a strong long-term growth trajectory.
Outlook
The outlook is bolstered by the integration of captive iron ore mines and the shift towards high-grade pellets. The new BESS project and integrated steel plant are expected to significantly diversify the top line over the next 4-5 years.
From the Annual Report (Key Quotes)
“The ramping up of the capacities has already begun in a phased manner with full scale operation targeted from FY '28.”
“We want to be future-ready, and that was the whole idea [of shifting to natural gas-based pellets].”
“Any increase, substantial increase in the cell price will be eventually passed on to the buyers in the Indian market to maintain the margins.”
Official Quarterly Documents
Ask AI about this quarter
This summary is AI-generated from Godawari Power And Ispat limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.