Quarterly Result6 Feb 2026, 09:34 pm
Godawari Power and Ispat Ltd Announces Q3 and 9M FY26 Financial Results with Key Investments and Business Expansion Plans
AI Summary
Godawari Power and Ispat Ltd has announced its financial results for Q3 and 9M FY26, revealing increased revenue from operations and other income. The company has made significant investments in railway wagons, subsidiary companies, and a battery energy storage system (BESS) plant. Additionally, the company plans to expand its business scope by amending its Memorandum of Association to include logistics and allied activities. The board has also approved the disposal of the entire stake in Ardent Steels Private Limited.
Key Highlights
- Revenue from operations increased to Rs. 1,001.47 Crores for Q3 FY26 and Rs. 3,277.97 Crores for 9M FY26.
- Other income increased to Rs. 26.17 Crores for Q3 FY26 and Rs. 22.50 Crores for 9M FY26.
- Investment of Rs. 120 Crores approved for purchasing 4 railway wagons.
- Amendment of Memorandum of Association to include logistics and allied activities as an additional line of business.
- Disposal of entire stake in Ardent Steels Private Limited for a consideration of Rs. 90.87 Crores.