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Yes Securities Report
Godawari Power & Ispat Ltd.’s Q1 FY25 performance was above the consensus estimates on the margin front despite seeing revenues fall by over 12% on a QoQ basis owing to lower realizations and volumes.
The company saw falling raw material costs due to the benefits received from commissioning solar power plants along with the new high-efficiency turbine generator.
Godawari Power is currently undertaking capex on its backward integration plans of expanding its iron ore capacity at its Ari Dongri mines along with the pellet plant expansion.
The expanded mine capacity is expected to be operational in Q4 FY25 and is currently awaiting its public hearing. On the pellet plant expansion, the company has already placed orders and is on track to be operational by the end of Q1 FY26.
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Bharat Dynamics Tumbles Nearly 15% After Q1 Profit Miss
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