Q3 2026 Godawari Power and Ispat Ltd Earnings Call Transcript
Key Points
- Godawari Power & Ispat Ltd (BOM:532734) reported strong EBITDA and PAT margins of 22% and 14%, respectively, despite softer realizations.
- The company achieved a significant increase in iron ore mining production by 46% year-over-year.
- Godawari Power & Ispat Ltd (BOM:532734) received environmental clearance to more than double its iron ore mining capacity, enhancing raw material security.
- The company successfully commissioned an additional 2 million tonne iron ore pellet plant, increasing total pellet manufacturing capacity significantly.
- The company is expanding its solar capacity from 165 megawatts to 540 megawatts, aiming to support captive consumption and reduce energy costs.
- Revenue experienced a slight decline due to softer realizations across most product categories.
- Pellet sales temporarily declined in Q3 FY26 due to an accident at the pellet plant, impacting production and sales volume.
- Quarter-on-quarter sales, EBITDA, and PAT moderated due to lower pellet sales volume and softer realizations.
- The company faces potential volume pressure in the iron ore market due to increased supply from competitors.
- The company anticipates a heavy CapEx in the next financial year, which could impact cash flow despite a strong balance sheet.
Ladies and gentlemen, good day, and welcome to Godawari Power & Ispat Limited Q3 FY26 earnings conference call hosted by Go India Advisors LLP. (Operator Instructions) Please note that this conference is being recorded. I now hand over the conference to Ms. Sana Kapoor from Go India Advisors. Thank you, and over to you, ma'am.
Thank you, Perry. Good afternoon, everyone. It's my pleasure to welcome you on behalf of Godawari Power & Ispat Limited. Thank you for joining us today for the Q3 and nine month FY26 earnings call. Please note that today's discussion may include certain forward-looking statements and must be, therefore, viewed in conjunction with the risks that the company faces.
We are joined today by Mr. Abhishek Agrawal, Executive Director; Mr. Dinesh Gandhi, Executive Director; and Mr. Sanjay Bothra, Chief Financial Officer. May I now invite Mr. Dinesh Gandhi to present the company's business outlook and performance, after which we will open the floor for Q&A. Thank you, and over to you,
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