The Board of Directors of Godawari Power and Ispat Limited, in their meeting held on May 19, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. For the quarter ended March 31, 2026, the company reported consolidated revenue from operations of ₹1,610.27 Crores. This represents a significant performance improvement compared to the previous quarter (ended December 31, 2025), which recorded revenue of ₹1,139.45 Crores, and the corresponding quarter of the previous year (ended March 31, 2025), which recorded ₹1,468.08 Crores. The financial results analysis is summarized below:

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(Note: Calculations based on consolidated figures provided in the notice. QoQ: Quarter-on-Quarter; YoY: Year-on-Year.)

Godawari Power and Ispat Limited is a prominent player in the Indian steel industry, primarily engaged in the manufacturing of iron ore pellets, sponge iron, steel billets, and ferroalloys, along with captive power generation. The company is vertically integrated, with its own captive iron ore mines—Ari Dongri and Boria Tibu—supplying the majority of its iron ore requirements, which provides a competitive edge and insulates it from market volatility. Throughout 2025, the company focused on strategic expansion, including investments in green energy and battery storage technology. Recent major updates include an approved strategic investment of ₹200 Crores in its subsidiary, Godawari New Energy Private Limited (GNEPL), to develop a Battery Energy Storage System (BESS) plant, and a proposed ₹150 Crore loan to support the Godawari Education and Research Foundation’s residential school project. Additionally, the company has declared a final dividend of ₹1 per share (100% of face value) for the financial year 2025-26.