Godawari Power & Ispat Ltd. · NSE:GPIL
Godawari Power & Ispat — Q4 FY26 Earnings Presentation
49 slides from Godawari Power & Ispat's earnings presentation, May 19, 2026
Slide 1: Exchange filing cover letter
KJan-- tEF FT qiim q3 ch HIIEL GODAWARI POWER & ISPAT REF: GPILINSE & BSE/2025/6319 Date: 19.05.2026 To l. The Listing Department, 2. The corporate Relation Department, The National stock Exchange of India Ltd, The BSE Limited, Exchange plaza, Bandra Kurla complex, First Floor, Rotunda Building, Ban
Slide 2: Charting Next Horizons – Investor Presentation Q4 & FY26
Charting Next Horizons Investor Presentation | Q4 & FY26 OUR PRODUCT POR TFO LIO
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Godawari Power and Ispat Limited (the “Company”) solely for the information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, a
Slide 4: Table of Contents
Table of Contents Q4 & FY26 Performance Highlights Growth Plans & Project Updates 01 02 Company & Business Overview 04 Resilient Growth Through Sustainability 03 Investor Presentation Q4 & FY26 https://www.godawaripowerispat.com/ 3
Slide 5: Management Commentary
Management Commentary At GPIL, our journey is guided by a clear belief — Serving Society through Industry. With integrated operations across iron ore mining, steel, ferro alloys, and energy, we continue to contribute to India’s infrastructure growth while advancing toward a more sustainable future.
Slide 6: Roadmap for Transformational Growth
Roadmap for Transformational Growth Building on Competitive Strengthening Steelmaking Advantages o Expanded captive mining capacity by o Setting up 0.7 MnT CRM Complex 2x+ to 6.7MnT o Setting up 1 MnT Integrated Steel Plant o Expanded pellet plant capacity by 74% to 4.7 MnT Green Diversification Dec
Slide 7: Q4 & FY26 Performance Highlights
Q4 & FY26 Performance Highlights
Slide 8: Consolidated Q4FY26 Financial Performance Highlights
Consolidated Q4FY26 Financial Performance Highlights Revenue EBITDA PAT +10% +41% +38% 1,610 +91% 1,468 +26% 1,139 439 +95% 318 280 c 230 222 143 Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 EBITDA Margin PAT Margin EPS +558 bps +709 bps +230 bps +23% 27% +481 bps +96% 22% 20% 15%
Slide 9: Consolidated FY26 Financial Performance Highlights
Consolidated FY26 Financial Performance Highlights Revenue EBITDA PAT 5,376 5,381 1,194 1253 813 802 c FY25 FY26 FY25 FY26 FY25 FY26 EBITDA Margin PAT Margin EPS 22% 23% 15% 15% 13 13 c FY25 FY26 FY25 FY26 FY25 FY26 Figures in Rs. Crore except Margins and EPS, which is in percentage and Rs. respecti
Slide 10: Key Consolidated Performance Highlights
Key Consolidated Performance Highlights Financial Performance Operational Performance o Revenue – FY26 recorded steady growth, while Q4FY26 revenue witnessed a strong 41% QoQ improvement driven by healthy production o Healthy Production Ramp-Up: FY26 operational performance ramp-up, higher sales vol
Slide 11: Q4 & FY26 Key Achievements and Strategic Updates
Q4 & FY26 Key Achievements and Strategic Updates Commissioned 2.0 MnT Iron Ore Pellet Plant in Dec’25, increasing total pellet capacity from 2.7 MnT to 4.7 MnT. Received Consent to Operate (CTO) from CECB for Ari Dongri Mines capacity enhancement from 2.35 MnT to 6 MnT in Feb’26. Received CTO from C
Slide 12: Production Volume
Production Volume Products Q4FY26 Q3FY26 QoQ (%) Q4FY25 YoY (%) FY26 FY25 YoY (%) Iron ore Mining 6,73,452 7,89,787 -15% 7,08,739 -5% 27,54,096 23,41,876 18% Iron ore Pellets 9,11,350 6,03,350 51% 6,77,950 34% 28,55,650 24,48,650 17% Sponge Iron 1,59,718 1,78,221 -10% 97,566 64% 6,49,989 5,93,996 9%
Slide 13: Sales Volume
Sales Volume Products Q4FY26 Q3FY26 QoQ (%) Q4FY25 YoY (%) FY26 FY25 YoY (%) Iron Ore Pellet 6,99,172 2,72,310 157% 6,21,356 13% 18,80,815 16,31,072 15% Sponge Iron 23,504 31,158 -25% 0 N/A 1,09,336 72,758 50% Steel Billets 24,927 45,055 -45% 34,150 -27% 1,44,049 2,05,101 -30% M.S. Rounds 35,184 35,
Slide 14: Sales Realization
Sales Realization Products Q4FY26 Q3FY26 QoQ (%) Q4FY25 YoY (%) FY26 FY25 YoY (%) Iron Ore Pellet 9,830 9,855 0% 9,528 3% 9,724 10,060 -3% Sponge Iron 28,667 25,888 11% - N/A 26,232 29,123 -10% Steel Billets 42,596 38,054 12% 41,535 3% 40,108 42,971 -7% M.S. Rounds 45,639 40,767 12% 45,380 1% 43,163
Slide 15: Standalone Income Statement
Standalone Income Statement Particulars Q4FY26 Q3FY26 QoQ% Q4FY25 YoY% FY26 FY25 YoY% Net Sales 1,436 1,001 43% 1,276 13% 4,714 4,661 1% Total Expenses 1,014 787 29% 980 4% 3,535 3,543 0% Other Income 26 26 -1% 27 -4% 191 102 88% EBIDTA 422 215 97% 296 42% 1,179 1,118 5% EBIDTA Margin 29% 21% 23% 25
Slide 16: Consolidated Income Statement
Consolidated Income Statement Particulars Q4FY26 Q3FY26 QoQ% Q4FY25 YoY% FY26 FY25 YoY% Net Sales 1,610 1,139 41% 1,468 10% 5,381 5,376 0% Total Expenses 1,171 910 29% 1,150 2% 4,127 4,182 -1% Other Income 25 27 -6% 25 2% 94 96 -2% EBIDTA 439 230 91% 318 38% 1,253 1,194 5% EBIDTA Margin 27% 20% 22%
Slide 17: Balance Sheet
Balance Sheet Standalone Consolidated Particulars 31.03.2026 31.03.2025 Particulars 31.03.2026 31.03.2025 Assets - Assets - Property, Plant and Equipment 3,093 2,549 Property, Plant and Equipment 3,754 3,074 Non Current Investments 1,154 913 Non Current Investments 357 471 Other Non Current Assets 3
Slide 18: Strong FY26 Execution with Robust FY27 Growth Guidance
Strong FY26 Execution with Robust FY27 Growth Guidance Iron Ore Mining Iron Ore Pellets Sponge Iron Steel Billets Rolled Products Ferro Alloys FY26 Guidance 3.0 3.0 0.594 0.5 0.375 91,500 FY26 Performance 2.75 2.86 0.65 0.48 0.421 94,423 % Achieved 92% 95% 109% 96% 112% 103% FY27 Guidance 3.4 4.0 0.
Slide 19: Growth Plans & Project Updates
Growth Plans & Project Updates
Slide 20: Expanding Captive Mining Capacity & Strengthening Cost Leadership
Expanding Captive Mining Capacity & Strengthening Cost Leadership Figures in Million Tons Iron Ore Mining – Capacity more than doubled in FY26 Iron Ore Beneficiation Plants *3.65 MnT capacity 6.70 increased in Feb’26 9.3 2x+ 2x+ 6.0 3.05 3.05 2.75 2.31 2.34 3.9 0.6 3.3 3.3 FY24 FY25 FY26 FY26 FY27E
Slide 21: Pellet Expansion Successfully Commissioned
Pellet Expansion Successfully Commissioned Pellet capacity enhanced by 74% to 4.7 MnT with capex of Rs. 600 Cr. This facility is the first in India to integrate advanced natural gas-based Grate-Kiln technology, marking a significant shift from conventional carbon-intensive processes. Commissioned in
Slide 22: Cold Rolling Mill (CRM) Complex – To Foray into Value-added Steel
Cold Rolling Mill (CRM) Complex – To Foray into Value-added Steel Progressing on the 0.7 MnT CRM Complex project with planned capex of Rs. 900 Cr. to be funded via debt Rs. 550 Cr. (requisite bank sanction received) & balance via internal accruals. Land acquisition has been completed, with on-site c
Slide 23: Integrated Steel Plant Expansion - Driving Forward Integration
Integrated Steel Plant Expansion - Driving Forward Integration Establishing a 1.0 MnT Integrated Steel Plant (ISP) to 01 manufacture structural steel and wire rods, scaling capacity to 3x over the existing base of 0.5 MnT. Capex of Rs. 7,000 Cr. planned, with funding through a 02 balanced 1:1 debt-e
Slide 24: Captive Solar Power Projects Accelerating Green Energy Self-Reliance
Captive Solar Power Projects Accelerating Green Energy Self-Reliance Expanding captive solar power capacity by 3x+ from 165 MW to 540 MW to support iron ore mines, additional 2 MnT pellet plant, CRM, and 1 MnT steel plant operations. 25 MW solar project construction and module installation are compl
Slide 25: BESS - Expanding from Steel into Clean Energy Infrastructure
BESS - Expanding from Steel into Clean Energy Infrastructure Executing 20 GWh Battery Energy Storage System (BESS) project at Representative Picture planned capex of Rs. 1,400 Cr. to be funded by Debt to Equity as 1:1. Capex of Rs. 310 Cr. incurred up to 31st March’26. The project is being executed
Slide 26: Vision 2031: Financial Growth Roadmap
Vision 2031: Financial Growth Roadmap Revenue EBITDA PAT 30,000 5,000 ≈5x c c c 3,000 ≈4x ≈3.5x 5,381 1,253 802 FY26 2031 E FY26 2031 E FY26 2031 E Figures in Rs. Crore; E = Estimated https://www.godawaripowerispat.com/ 25
Slide 27: Company & Business Overview
Company & Business Overview
Slide 28: 25+ Years of Trust, Scale & Operating Discipline
25+ Years of Trust, Scale & Operating Discipline Integrated steel platform with captive iron ore mines and power generation, providing stronger cost control and supply-chain resilience. End-to-end presence across the steel value chain - from iron ore 9% mining, pellets and sponge iron to finished st
Slide 29: Business Model: Integrated and Diversified
Business Model: Integrated and Diversified Raw Material Intermediate Products Finished Products Iron Ore Sponge Steel Pellets Iron Billets MS Rounds Iron Ore (2 Captive Mines) HB Wires Fully Integrated Plant with State-of-the- Coal (Imported + Domestic) Art Technology Galvanized Fabricated Products
Slide 30: Resource Security with a Built-in Cost Advantage
Resource Security with a Built-in Cost Advantage Note – Prices are indicative only Iron Ore Prices 7,300 6,800 6,200 6,350 6200 5,500 4,346 4,270 3,000 2,800 3,000 2,800 3,000 2900 2,310 2,462 2,375 2,181 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Market Price of Iron Ore Captive Ore Landed Cost 1
Slide 31: Large Portfolio of Long-life Assets
Large Portfolio of Long-life Assets Boria Tibu Iron Ore Captive Mine Chhattisgarh: 0.7 mn MTPA JPL Plant Lead 126,198 MTPA Bemetara, Chhattisgarh Zinc 29,431 MTPA 52MW HFAL Solar Power Plant Copper 4,981 MTPA Cadmium 8,400 MTPA Siltara Integrated Plant Chhattisgarh Other Metals 27,562 MTPA 3.3 mn MT
Slide 32: Simplified Group Structure
Simplified Group Structure Associates Subsidiaries Joint Ventures 43.96% 33.30% 100% Jammu Pigments Limited (JPL) Godawari New Energy Pvt Limited Raipur Infrastructure Company Limited 96.02% 23.9% Hira Ferro Alloys Limited (HFAL) Chhattisgarh Captive Coal Mining Private Limited 100% 35.36% Alok Ferr
Slide 33: Board of Directors
Board of Directors Mr. B L Agrawal Mr Raj Kamal Bindal (Chairman & Managing Director) Mr. Siddharth Agrawal (Independent Director) (Executive Director) 1st generation entrepreneur with MCOM, CA & MBA; 22 years experience almost 4 decades of experience; MBA with over 10 years of in areas of Energy, I
Slide 34: Consolidated Historical Income Statement
Consolidated Historical Income Statement Particulars FY26 FY25 FY24 FY23 FY22 FY21 FY20 Net Sales 5,381 5,376 5,455 5,753 5,399 3,958 3,289 Total Expenses 4,127 4,182 4,127 4,589 3,535 2,821 2,664 Other Income 94 96 98 104 29 3 5 EBITDA 1,253 1,194 1,328 1,164 1,864 1,137 629 EBITDA Margin (%) 23% 2
Slide 35: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet Particulars FY26 FY25 FY24 FY23 FY22 FY21 FY20 Net Worth 5,849 4,937 4,554 3,947 3,442 2,108 1,503 Long Term Debt 238 4 9 9 10 771 1,465 Short Term Debt 189 305 42 307 418 125 160 Other Long-Term Liabilities 341 278 237 256 189 187 61 Accounts Payable 443 460 52
Slide 36: Share Price Performance & Shareholding Pattern
Share Price Performance & Shareholding Pattern GPIL BSE 500 Share Price Performance Shareholding Pattern as on 31st March’26 Particulars No. of Shares % of Total Sh. Promoter 42,52,55,795 63.34 36.66% Domestic Institutions 1,76,93,488 2.64 FPI 3,98,80,972 5.94 63.34% Non-Institution 18,85,34,655 28.
Slide 37: India's iron ore production lagging steel capacity addition
India’s iron ore production lagging steel capacity addition, Turning India into a net importer of iron ore India's iron ore & pellet imports (FY 2021-2026) Metric Current (FY25) Projected (FY31) Fines/Lumps Pellet 1.85 Steel capacity ~200 MTPA 300 MTPA Quantity in million tonnes (mnt) Iron ore ~260–
Slide 38: Resilient Growth Through Sustainability
Resilient Growth Through Sustainability Investor Presentation Q4 & FY26
Slide 39: Accelerating the Journey to Net Zero Carbon Emission 2050
Accelerating the Journey to Net Zero Carbon Emission 2050 Target 2050 - Net Zero Carbon Emission Decarbonisation & Energy Efficiency Projects Project Description Potential Status as on 31-March-26 Power Generation from Stage-1 Commissioned , 2.89 2.75 Project 1 Waste Gases from Pellet 7 MW 2.51 2.46
Slide 40: EV-Led Transition Towards Greener Operations
EV-Led Transition Towards Greener Operations 01 Invested in 10 EV Dumpers, 24 EV Loaders, and 15 EV Excavators. 02 Adoption of electric transportation reduced operating costs by ~75%. 03 Lowered CO₂ emissions by ~88% versus conventional diesel vehicles. https://www.godawaripowerispat.com/ 39
Slide 41: Strengthening the ESG Framework
Strengthening the ESG Framework Secured a top-tier ESG rating of 76.6 from CARE Edge ESG Rating Agency, reflecting strong ESG performance and industry leadership. Environmental Social Governance o Investing in environmentally friendly o Strong community engagement o Experienced and diverse board tec
Slide 42: Aakanksha Lions Institute of Learning and Empowerment
Aakanksha Lions Institute of Learning and Empowerment It’s a non-profit special education institute supporting children with Autism, Down Syndrome, ADHD, and 01 Cerebral Palsy through education, therapy, and skill development. The HIRA Group has supported the institute under CSR by contributing appr
Slide 43: Installation of RO Water Purification Systems for Safe Drinking Water
Installation of RO Water Purification Systems for Safe Drinking Water Installation of RO Water Purification Systems in 100 Government Schools of Korba To provide safe and clean drinking water to students and staff. The project aims to improve health and hygiene standards, reduce the incidence of wat
Slide 44: Maa Godawari Anandvan - Old Age Home Gomchi
Maa Godawari Anandvan - Old Age Home Gomchi Maa Godawari Anand Old Age Home is jointly managed by 01 HIRA CSR Foundation and Godawari Seva Trust To provide residential care and a dignified living 02 environment for senior citizens. The facility was constructed at an approximate cost of Rs. 03 14 cro
Slide 45: Renovation of Auditorium & VIP Lodge, NIT Raipur
Renovation of Auditorium & VIP Lodge, NIT Raipur GPIL inaugurated the HIRA Auditorium and HIRA VIP 01 Lounge at the National Institute of Technology (NIT) Raipur 02 Total Project Cost Rs. 1.63 crore with 2000+ beneficiaries The new facilities include – 03 o 200-seat auditorium with writing desks for
Slide 46: Sports Initiatives
Sports Initiatives Financial support to Ms. Aakarshi Kashyap (Badminton Player) for preparation of Olympics 2028 Financial support to Ms. Tikeshwari Sahu (Muay Thai Boxing Player) for IFMA Asian Muay Thai Championship & UMAI OSM International Muay Thai Training Camp Financial Aid for Chhattisgarh Sh
Slide 47: People-Centric Growth & Employee Empowerment
People-Centric Growth & Employee Empowerment 01 02 03 Key HR KPI’s Growth Through ESOPs Workforce Wellbeing o Attrition rates are very low at 4.6%, o Total Options Granted are 50 Lakh o Term insurance coverage extended to reflecting strong employee 100% employees. satisfaction and engagement o Optio
Slide 48: International Certificates Achieved
International Certificates Achieved ISO 9001:2015 (QMS) ISO 14001:2015 (EMS) ISO 45001:2018 (OH & SMS) The Implementation of ISO 26000 & GB/T 39604 Successful Completion of TÜV SÜD Audit ISO 50001:2018 (EnMS) ISO 27001:2022 (ISMS) ISO 26000 (CSR) Following a rigorous evaluation completed New Certifi
Slide 49: Thank You
Thank You Company Contact : Investor Relations Contact : Sanjay Bothra YC Rao Sana Kapoor Sakshi Narvekar Chief Financial Officer (CFO) Company Secretary Go India Advisors Go India Advisors sanjay.bothra@hiragroup.com Yarra.rao@hiragroup.com sana@GoIndiaAdvisors.com sakshiN@GoIndiaAdvisors.com Godaw
Godawari Power & Ispat — Q4 FY26 Earnings Presentation on 6ix