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Godawari Power in demand after strong Q4 result

·1-min read

Consolidated net sales grew by nearly 60% to Rs 1,262.25 crore in Q4 FY21 from Rs 790 crore in Q4 FY20. Profit before tax stood at Rs 432.8 crore in Q4 FY21 as compared to Rs 58 crore posted in Q4 FY20.

Consolidated EBITDA jumped 219% year on year to Rs 489.6 crore in Q4 FY21 from Rs 347.9 crore in Q4 FY20. EBITDA margin improved to 38.8% in Q4 FY21 from 19.4% in Q4 FY20. The company's finance cost declined by 44% year on year to Rs 27.6 crore in Q4 FY21.

The company's net profit advanced 258% to Rs 624.5 crore in the year ended March 2021 (FY21) compared with Rs 174.4 crore in the year ended March 2020 (FY20). Net sales rose 24% to Rs 4,071.9 crore in FY21 over FY20

The company said it reduced its net debt to equity ratio to 0.42 times in FY21 from 1.1 times in FY20. The company aims to be long term debt free by FY22.

Godawari Power & Ispat is an integrated steel manufacturer. The company is mainly engaged in generation of electricity, Iron ore mining and manufacturing of sponge iron, iron ore pellets, steel billets, ferro alloys and H.B. wire.

Source: Capitalmarket.com

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