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Godawari Power & Ispat Rides High: Q4 Profit Surges Nearly 30% on Robust Revenue Growth

Updated: May 20, 2025 17:21

Image Source: Moneycontrol
Godawari Power & Ispat Ltd (GPIL) has delivered a stellar performance for the March 2024 quarter, reporting strong growth in both revenue and profit, cementing its position as a key player in India’s iron and steel sector.
 
Key Highlights:
  • Revenue Momentum: Consolidated revenue from operations for Q4 FY24 jumped 16.2% year-on-year to ₹1,529.81 crore, reflecting higher sales volumes and improved realizations in a dynamic market environment.
  • Profit Surge: Net profit for the quarter soared 29.5% to ₹219.52 crore, compared to ₹169.57 crore in Q4 FY23. This marks the company’s best quarterly profit in over a year, driven by operational efficiencies and favorable market conditions.
  • Operating Performance: Operating profit margin (OPM) improved to 21.5%, up from 20.96% in the previous year, showcasing efficient cost management and a focus on value-added products.
  • Full-Year Snapshot: For the full year ended March 2024, GPIL’s net profit rose 18% to ₹936.55 crore, even as annual sales dipped 5.2% to ₹5,455.35 crore, highlighting the company’s ability to protect margins amid industry headwinds.
  • Financial Strength: The company’s robust profitability and prudent capital allocation continue to support its growth ambitions and resilience in a competitive sector.
  • Market Outlook: With a solid Q4 and a strong balance sheet, GPIL is well-positioned to capitalize on future opportunities in the steel and power industries.
Godawari Power & Ispat’s Q4 results underscore its operational strength and strategic focus, setting the stage for continued growth in FY25.
 
Sources: Business Standard, Moneycontrol, Screener

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