Godawari Power reports strong Q1 margins despite revenue decline

Godawari Power and Ispat Limited reported Q1 FY26 revenues of INR 1,323 crore, with EBITDA at INR 324 crore (24% margin) and profit of INR 216 crore (16% margin). Despite declining realizations, margins remained strong due to operational performance.

The company announced INR 1,600 crore capital expenditure for a 0.7 million ton CRM complex and 10 GW storage battery plant. Mining expansion approvals are expected by Q3 FY26, with pellet plant trial production starting October 2025.