Godawari Power

Q1 FY27Industrial Products

Godawari Power Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹245

Market cap₹16.5K Cr

P/E20.1

Published25 Aug 2026

What the Q1 FY27 call signalled

1 of 4 strong

RevenueRank 3

MarginRank 3

CapexYes

FundraiseNo

Not discussed on this call: order book.

The short version

Vision 2030 targets a 4x increase in revenue and 3x growth in EBITDA and PAT, driven mainly by CRM and BESS projects (steel plant now considered optional). Godawari Power & Ispat Limited aims for a 4x increase in revenue, and 3x growth in EBITDA and PAT by Vision 2030.

From Godawari Power's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Rank 3

Vision 2030 targets a 4x increase in revenue and 3x growth in EBITDA and PAT, driven mainly by CRM and BESS projects (steel plant now considered optional).
Pellet capacity expected to operate at 80%-85% utilization in FY’27, with gradual ramp-up as beneficiation plant and mining capacities increase.
FY'27 pellet production guidance initially at 4 million tons but may be slightly lower due to one pellet plant shutdown; final guidance to be communicated later.
Mining capacity ramp-up expected from Q3 FY'27; full captive mining supply to pellet plants targeted by FY’28, reducing merchant ore procurement.
CRM complex commissioning expected by December 2027 (Q3 FY'28) with INR1,100 crores capex.
Battery Energy Storage System (BESS) project commissioning scheduled for Q1 FY’28.
Expansion of solar capacity underway, moving from 165 MW to 290 MW by September 2026.

Profitability & Margins

Godawari Power & Ispat Limited aims for a 4x increase in revenue, and 3x growth in EBITDA and PAT by Vision 2030.
Earnings growth will be supported by commissioning of the CRM complex (Q3 FY28) and battery storage projects.
EBITDA margin improvement expected from Q4 FY27 onwards due to beneficiation plant commissioning and enhanced captive iron ore use.
Steel plant project kept optional due to delays; focus shifted to CRM and battery storage.
Iron ore and pellet prices expected to remain stable long-term (~INR9,000-10,000/ton).
Mineral beneficiation and pellet capacity ramp-up from FY28 will improve cost efficiency and margin.
Capital expenditures planned mainly for CRM (~INR1,100 crores) and mining (~INR2,000 crores over FY27 and FY28), funded by internal accruals.
Export opportunities for pellets remain, but domestic demand is primary market driver.

See what Godawari Power said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

- CRM Complex: Relocated to Maharashtra near Sambhaji Nagar; planned capex of INR 1,100 crores (including INR 550 crores debt); land allotment expected by August 2026; construction starting October 2026; commissioning targeted by December 2027. - Battery Energy Storage System (BESS): 20 GW base project progressing; scheduled commissioning Q1 FY28; capex incurred INR 501 crores till date; supported by Govt of Maharashtra incentives. - Beneficiation Plant: Part of Ari Dongri iron ore mine expansion; capex of INR 218 crores incurred till June 2026; full-scale operation targeted FY28. - Mining Capex: About INR 2,000 crores planned for FY27 and FY28. - CRM Capex Revised: Increased from INR 950 crores to INR 1,100 crores due to land and infrastructure costs. - Steel Plant: Project on hold; no capex planned currently. All CapEx planned to be funded via internal accruals and limited debt.

Fundraising & Capital Structure

No new debt is currently planned for funding ongoing projects, as sufficient free cash flows are available.
The large debt that was initially planned for the steel plant has been put on hold since the steel plant project is shelved for the medium term.
All upcoming CapEx, including CRM and battery storage projects, will be funded through internal accruals.
Cash utilization plans, including deployment of healthy cash reserves and steady-state pellet price cash generation, will be clarified post completion of current CapEx.
No mention of any equity fundraising was made in the provided pages.

See what Godawari Power said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript and document pages do not contain explicit information regarding the current or expected order book or pending orders for Godawari Power & Ispat Limited as of August 10, 2026. The discussion focused mainly on: - CapEx revisions for CRM project and its commissioning by December 2027. - Suspension and evaluation of integrated steel plant project due to pending water allocation approval. - Updates on pellet plant operations, shutdowns, and production guidance. - BESS project progress and commercial arrangements initiation. - Mining capacity ramp-up plans and beneficiation plant coming online in Q3-FY28. - Financial outlook, cost increases in raw materials. - No direct mention of order book or pending order status. If order book details are needed, referencing official company filings or investor presentations would be advisable.

How does Godawari Power rank vs peers in Industrial Products?

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Godawari Power — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.6K Cr, net profit ₹280 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Godawari Power's management said in earlier quarters

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Frequently Asked Questions

What were Godawari Power Q1 FY27 results?

What is Godawari Power share price analysis?

Godawari Power currently shows a below-average growth signal. The stock trades at a P/E of 20.1 with a market cap of ₹16,497 Cr. Investors should review the full earnings analysis for detailed insights.

Is Godawari Power planning capital expenditure?

CRM Complex: Relocated to Maharashtra near Sambhaji Nagar; planned capex of INR 1,100 crores (including INR 550 crores debt); land allotment expected by August 2026; construction starting October 2026; commissioning targeted by December 2027.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.