Godawari Power And Ispat limited — PPTs, 15-11-2025: Investor Presentation

**1. Business Performance:** Godawari Power & Ispat saw its recent quarter revenue climb 3% YoY to Rs 1,308 Cr, with EBITDA up 5% to Rs 260 Cr and PAT rising 1% to Rs 162 Cr. However, quarter-on-quarter results were softer due to lower product realizations. For the first half, revenue remained stable at Rs 2,631 Cr, though profits dipped from realization pressures. Production and sales volumes for pellets and iron ore showed strong year-on-year growth.

**2. Growth Drivers or Strategy:** The company is strategically expanding its core capacities, aiming for 6.7 MnT in iron ore mining and 4.7 MnT in pellets by next year, leveraging its captive mines for a cost advantage. Diversification into new growth areas includes a 0.7 MnT Cold Rolled Steel complex, Battery Energy Storage Systems (BESS), and significant new solar power projects.

**3. Recent Developments:** Key recent moves include completing land acquisition for a new integrated steel plant and Cold Rolled Steel complex. The expansion of Ari Dongri Iron Ore Mines to 6 MTPA is moving forward after public hearing. Operations at Boria Tibbu Mines have restarted, and a new subsidiary, Godawari New Energy, is advancing plans for a 10 GW BESS plant with land already acquired.

**4. Key Financial Metrics:** Diluted EPS for the recent quarter stood at Rs 2.61, and for the half-year at Rs 6.11. The company maintains a healthy Net Cash position of Rs 863 Cr.

**5. Management Commentary / Outlook:** Management anticipates robust steel demand in India, driven by infrastructure growth, which should keep iron ore and pellet prices firm. The strong balance sheet and cash flow position are ready to fund substantial capital expenditures for growth and decarbonization efforts, aligning with a Net Zero carbon goal by 2050.