Integrated Filing — IndAS



General information about company

Scrip Code 532734
NSE Symbol GPIL
MSEI Symbol NOTLISTED
ISIN INE177H01039
Name of company GODAWARI POWER AND ISPAT LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 14-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Steel
Start date and time of board meeting 14-11-2025   13:00:00
End date and time of board meeting 14-11-2025   15:40:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,30,768.00 2,63,093.00
Other income 1,948.00 4,193.00
Total income 1,32,716.00 2,67,286.00
2 Expenses
(a) Cost of materials consumed 70,658.00 1,45,710.00
(b) Purchases of stock-in-trade 606.00 606.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 542.00 (6,751.00)
(d) Employee benefit expense 8,271.00 16,401.00
(e) Finance costs 1,124.00 2,649.00
(f) Depreciation, depletion and amortisation expense 4,131.00 8,518.00
(f) Other Expenses
1 Other Expanses 24,678.00 48,705.00
Total other expenses 24,678.00 48,705.00
Total expenses 1,10,010.00 2,15,838.00
3 Total profit before exceptional items and tax 22,706.00 51,448.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 22,706.00 51,448.00
6 Tax expense
7 Current tax 5,372.00 12,034.00
8 Deferred tax 1,518.00 2,268.00
9 Total tax expenses 6,890.00 14,302.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 15,816.00 37,146.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 349.00 660.00
16 Total profit (loss) for period 16,165.00 37,806.00
17 Other comprehensive income net of taxes 854.00 982.00
18 Total Comprehensive Income for the period 17,019.00 38,788.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 6,135.00 6,135.00
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.63 6.15
Diluted earnings (loss) per share from continuing operations 2.61 6.11
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.63 6.15
Diluted earnings (loss) per share from continuing and discontinued operations 2.61 6.11
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1 The Financial Results of the company for the quarter & half year ended 30th September, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 14th November,2025 and the Limited Review of the same has been carried out by the Auditors. 2. These results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. The above results are prepared after consolidating results of all subsidiaries (Hira Ferro Alloys Limited, Alok Ferro Alloys Limited, Godawari Energy Limited, Godawari New Energy Limited and Godawari Education and Research Foundation), joint ventures and associate companies (Ardent Steel Private Limited, Jammu Pigments Limited, Raipur Infrastructure Company Limited, Chhattisgarh Captive Coal Mining Private Limited and Chhattisgarh Ispat Bhumi Limited). 3. Consequent upon approval of Members of the Company, the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE), the Board of Director of the Company in the meeting held on 14.11.2025, has allotted 2,04,08,220 Equity Warrants of Rs 245/- each by way of preferential allotment on a private placement basis on 14.11.2025 upon receipt of Rs. 1,25,00,03,475/-, being 25% of the total issue price, from the respective allottees. The remaining 75% of the consideration (conversion price) shall be payable by the holders at the time of conversion of the Warrants within 18 months from the date of allotment of warrants. Each Warrant is convertible by the holder, on or before the expiry of 18 months from the date of allotment, into one fully paid-up equity share of the Company having a face value of Re. 1/- each at a premium of Rs. 244/- per share. 4. The previous year/period have been regrouped/rearranged wherever found necessary. 5.The above results are also available on www.godawaripowerispat.com, www.bseindia.com and www.nseindia.com.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 2,64,175.00
Capital work-in-progress 65,214.00
Investment property 38,269.00
Goodwill 2,638.00
Other intangible assets 6,855.00
Intangible assets under development 92.00
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 1,453.00
Trade receivables, non-current
Loans, non-current 19,600.00
Other non-current financial assets 2,417.00
Total non-current financial assets 23,470.00
Deferred tax assets (net) 35.00
Other non-current assets 6,382.00
Total non-current assets 4,07,130.00
2 Current assets
Inventories 86,245.00
Current financial asset
Current investments 0.00
Trade receivables, current 9,878.00
Cash and cash equivalents 32,756.00
Bank balance other than cash and cash equivalents 34,912.00
Loans, current 18,084.00
Other current financial assets 1,045.00
Total current financial assets 96,675.00
Current tax assets (net) 67.00
Other current assets 35,615.00
Total current assets 2,18,602.00
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 6,25,732.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 6,135.00
Other equity 5,20,801.00
Total equity attributable to owners of parent 5,26,936.00
Non controlling interest
Total equity 5,26,936.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 489.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 325.00
Total non-current financial liabilities 814.00
Provisions, non-current 1,324.00
Deferred tax liabilities (net) 29,407.00
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 31,545.00
Current liabilities
Current financial liabilities
Borrowings, current 18,355.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 648.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 29,841.00
Total Trade payable 30,489.00
Other current financial liabilities 9,416.00
Total current financial liabilities 58,260.00
Other current liabilities 4,271.00
Provisions, current 2,735.00
Current tax liabilities (Net) 1,985.00
Deferred government grants, Current
Total current liabilities 67,251.00
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 98,796.00
Total equity and liabilites 6,25,732.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements gains/(loss) on defined benefit plans -10300000 -19900000
2 Share of Other Comprehencive income in associates and joint Ventures 500000 0
Total Amount of items that will not be reclassified to profit and loss (98.00) (199.00)
2 Income tax relating to items that will not be reclassified to profit or loss (25.00) (50.00)
3 Amount of items that will be reclassified to profit and loss
1 Fair Value of Financial Assets 49700000 58200000
2 Share of Other Comprehencive income in associates and joint Ventures 59000000 76900000
Total Amount of items that will be reclassified to profit and loss 1,087.00 1,351.00
4 Income tax relating to items that will be reclassified to profit or loss 160.00 220.00
5 Total Other comprehensive income 854.00 982.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 51,448.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 2,649.00
Adjustments for decrease (increase) in inventories 6,937.00
Adjustments for decrease (increase) in trade receivables, current 3,288.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (1,886.00)
Adjustments for decrease (increase) in other non-current assets 4.00
Adjustments for other financial assets, non-current 214.00
Adjustments for other financial assets, current (955.00)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (15,506.00)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (1,172.00)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 8,518.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 485.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 4,121.00
Adjustments for share-based payments 611.00
Adjustments for fair value losses (gains) (37.00)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 827.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (144.00)
Net cash flows from (used in) operations 51,304.00
Dividends received 0.00
Interest paid 0.00
Interest received (9.00)
Income taxes paid (refund) 11,340.00
Other inflows (outflows) of cash 68.00
Net cash flows from (used in) operating activities 40,023.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 717.00
Purchase of property, plant and equipment 31,385.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 8,919.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 9,403.00
Interest received 4,121.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 6,209.00
Net cash flows from (used in) investing activities (19,854.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 746.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 128.00
Repayments of borrowings 12,314.00
Payments of lease liabilities 0.00
Dividends paid 6,360.00
Interest paid 2,517.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (20,317.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (148.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (148.00)
Cash and cash equivalents cash flow statement at beginning of period 32,904.00
Cash and cash equivalents cash flow statement at end of period 32,756.00