Godawari Power posts stellar performance across the board

Godawari Power & Ispat consolidated revenue for the quarter came in at Rs. 742.93 crore, registering 17.7% yoy increase. This was primarily driven by 18 per cent yoy surge in the revenue of steel segment.

The company's EBITDA for the quarter surged 103 per cent yoy to Rs. 207.41 crore with a corresponding margin expansion of 1173 bps. EBITDA margin for the quarter stood at 27.9 per cent.

During the quarter, the company’s net profit jumped to Rs. 102.8 crore from merely Rs. 17.2 crore in the corresponding quarter of last year.

In terms of full year numbers, the company reported 29.8 per cent yoy growth in revenue to Rs. 2,589 crore. Further, EBITDA doubled from Rs. 291 crore in FY17 to Rs. 597 crore in FY18. Notably, the company witness turnaround in its bottom-line to Rs. 211 crore from net loss of Rs. 74 crore in FY17.

However, along with benchmark indices the stock of Godawari Power & Ispat (GPIL) on Thursday was trading at negative mark of Rs. 528.3 per share, down by 1.3 per cent from the previous close.