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HIRA GODAWARI POWER & ISPAT Charting Next Horizons Investor Presentation | Q1 FY27 OUR PRODUCT PORTFOLIO
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Investor Presentation Q4 & FY26 2https://www.godawaripowerispat.com/ 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, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. Certain statements in this presentation concerning our future growth prospects are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward- looking statements. The Risk and uncertainties relating to the statements include, but are not limited to, risks and uncertainties regarding fiscal policy, competition, inflationary pressures and general economic conditions affecting demand / supply and price conditions in domestic and international markets. The company does not undertake to update any forward -looking statement that may be made from time to time by or on behalf of the company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. The Company does not make any promise to update/provide such presentation along with results to be declared in the coming years. Disclaimer
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Investor Presentation Q4 & FY26 3https://www.godawaripowerispat.com/ Table of Contents Q1 FY27 Performance Highlights01 Growth Plans & Project Updates Company & Business Overview03 02 Resilient Growth Through Sustainability04
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4https://www.godawaripowerispat.com/ Management Commentary GPIL delivered a resilient performance in Q1FY27, supported by healthy revenue growth driven by improved sales volumes and realizations across key product segments. Sequential profitability was impacted by higher input costs due to increased market sourcing of iron ore and elevated coal prices following the West Asia crisis. These pressures are expected to ease with the commissioning of the beneficiation plant, enabling higher captive mining, improved raw material availability, and enhanced cost efficiencies. The Company continues to execute its growth roadmap through strategic investments in backward integration, value-added steel, renewable energy, and energy storage. The 5.4 MnT Beneficiation Plant remains on track for commissioning in Q3FY27, with the full benefits of expanded pellet capacity and improved profitability expected from Q4FY27. The 20 GWh BESS project is also progressing well and is slated for commissioning in Q1FY28. In view of delays in approvals and on-the-ground challenges, the implementation of the proposed 1 MnT Integrated Steel Plant and 250 MW Captive Solar Power Plant has been kept in abeyance. Consequently, in view of the availability of state incentives and subsidies and leveraging synergies from its proximity to the proposed BESS Plant, the 0.7 MnT CRM Complex is proposed to be relocated to Maharashtra. Backed by a strong balance sheet and captive mining assets, GPIL's Vision 2030 targets a 4x increase in revenue and 3x growth in EBITDA and PAT, reinforcing its long-term growth trajectory. - Mr. B.L. Agrawal, Chairman and Managing Director
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5https://www.godawaripowerispat.com/ Roadmap for Transformational Growth Building on Competitive Advantages Strengthening Backward Integration for BESS Green Diversification Decarbonisation Drive Expanded captive mining capacity by 2x+ to 6.7MnT Expanded pellet plant capacity by 74% to 4.7 MnT Setting up 0.7 MnT CRM Complex Setting up 20 GWh BESS project Expanding captive solar power capacity by 53% to 290 MW Transitioning to EV transportation and undertaking initiatives to achieve Net-Zero Carbon Emissions by 2050.
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Q1 FY27 Performance Highlights
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c c 1,323 1,610 1,750 Q1FY26 Q4FY26 Q1FY27 324 439 334 Q1FY26 Q4FY26 Q1FY27 216 280 222 Q1FY26 Q4FY26 Q1FY27 24% 27% 19% Q1FY26 Q4FY26 Q1FY27 16% 17% 13% 0%2%4%6%8%10%12%14%16%18% Q1FY26 Q4FY26 Q1FY27 4 5 3 - 1 2 3 4 5 6 Q1FY26 Q4FY26 Q1FY27 EBITDA Margin PAT Margin EPS +32% +9% +3% -24% +3% -21% - 543 bps -1% -21% - 820 bps - 365 bps - 470 bps 7https://www.godawaripowerispat.com/ Consolidated Q1FY27 Financial Performance Highlights Figures in Rs. Crore except Margins and EPS, which is in percentage and Rs. respectively Revenue EBITDA PAT QoQ EBITDA margins and PAT were impacted by higher input costs, driven by increased market sourcing of iron ore and elevated coal prices amid the West Asia crisis.
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8https://www.godawaripowerispat.com/ o Revenue - Q1FY27 revenue delivered sequential and YoY growth, supported by healthy sales volumes and improved realisations. o Stable Earnings Despite Cost Pressures - EBITDA and PAT remained broadly stable on a YoY basis. However, profitability softened sequentially due to elevated input costs, led by increased market procurement of iron ore and higher coal prices amid the West Asia crisis. o EBITDA and PAT margins stood at 19.1% and 12.7%, respectively, in Q1FY27. Margins expected to recover from Q4FY27 with the commissioning of the beneficiation plant, enabling the use of captive iron ore for pellet production. Financial Performance Key Consolidated Performance Highlights Operational Performance o Production Volumes: Fall in Iron Ore Mining volumes was primarily due to space constraints for overburden dumping in view of the delay in obtaining tree-cutting permissions in the additional allotted land, resulting in higher market procurement of iron ore for pellet production and, consequently, higher input costs. Production grew YoY across most product categories, except Iron Ore Mining and Galvanized products, while QoQ production remained subdued across most segments, except Sponge Iron, HB Wire, and Ferro Alloys. o Consistent Sales Growth: Value-added product volumes witnessed YoY and QoQ growth in Q1FY27, led by Sponge Iron, Rolled Products, and Billets. Sequential growth remained robust across most product categories, except Pellets, MS Rounds & Fabricated Products. o Improvement in Realizations: Q1FY27 realisations improved on both a YoY and QoQ basis, contributing to healthy revenue growth during the quarter.
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9https://www.godawaripowerispat.com/ 25 MW Captive Solar Plant commissioned and grid-synchronized on 19th May'26; to replace high-cost DISCOM power for captive mining operations. Simplifying the group structure, the company has exited Ardent Steel by reducing its stake from 37.85% to 0%. CRISIL reaffirmed the Company's long-term and short-term credit ratings at AA-/Stable and A1+, respectively. Recognized among India's 500 most valuable companies in the 2025 Burgundy Private Hurun India 500 List. Commenced commercial operations of the 6.91 MW WHRB Plant at Siltara, increasing total WHRB capacity to 49 MW. Q1 FY27 Key Achievements and Strategic Updates WHRB Plant Commissioned The Company has decided to keep the proposed 1 MnT Integrated Steel Project in abeyance due to on-the-ground challenges and delays in approvals. The CRM Project is proposed to be relocated to Sambhajinagar, Maharashtra, to avail state incentives and subsidies, while also benefiting from synergies due to its proximity to the proposed BESS Plant.
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10https://www.godawaripowerispat.com/ Production Volume Products Q1FY27 Q4FY26 QoQ (%) Q1FY26 YoY (%) FY26 FY25 YoY (%) Iron ore Mining 5,37,832 6,73,452 -20% 6,42,243 -16% 27,54,096 23,41,876 18% Iron ore Pellets 9,03,900 9,11,350 -1% 6,73,750 34% 28,55,650 24,48,650 17% Sponge Iron 1,70,960 1,59,718 7% 1,38,664 23% 6,49,989 5,93,996 9% Steel Billets 1,14,780 1,23,230 -7% 1,03,470 11% 4,77,200 4,88,350 -2% M.S. Rounds 46,919 63,155 -26% 47,450 -1% 2,30,850 2,23,755 3% H.B. Wires 25,870 24,360 6% 25,235 3% 1,00,540 99,999 1% Ferro Alloys - Consolidated 27,643 22,306 24% 27,109 2% 94,423 1,00,655 -6% Galvanized Fabricated Products 22,225 26,271 -15% 23,545 -6% 85,095 85,277 0% Rolled Structural Product 26,072 29,063 -10% 21,737 20% 90,095 21,499 319% Power Generation - Consolidated 34.86 30.79 13% 29.08 20% 123 126 -2% Figures in metric tons except Power, which is in Crore KWH
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11https://www.godawaripowerispat.com/ Sales Volume Products Q1FY27 Q4FY26 QoQ (%) Q1FY26 YoY (%) FY26 FY25 YoY (%) Iron Ore Pellet 6,33,103 6,99,172 -9% 4,66,575 36% 18,80,815 16,31,072 15% Sponge Iron 50,218 23,504 114% 12,828 291% 1,09,336 72,758 50% Steel Billets 40,122 24,927 61% 35,439 13% 1,44,049 2,05,101 -30% M.S. Rounds 24,954 35,184 -29% 24,852 0% 1,27,956 1,16,971 9% H.B. Wire 25,836 24,391 6% 25,164 3% 1,00,231 1,00,748 -1% Ferro Alloys - Consolidated 27,154 22,347 22% 25,456 7% 89,133 97,594 -9% Galvanized Fabricated Product 21,464 30,116 -29% 24,150 -11% 90,417 81,896 10% Rolled Structural Product 9,120 6,837 33% 2,107 333% 18,906 2,147 781% Figures in metric tons
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12https://www.godawaripowerispat.com/ Figures in Rs per Ton; Realization is Ex-plant excluding export freight and expenses Sales Realization Products Q1FY27 Q4FY26 QoQ (%) Q1FY26 YoY (%) FY26 FY25 YoY (%) Iron Ore Pellet 10,340 9,830 5% 9,828 5% 9,724 10,060 -3% Sponge Iron 25,863 28,667 -10% 24,756 4% 26,232 29,123 -10% Steel Billets 44,369 42,596 4% 41,682 6% 40,108 42,971 -7% M.S. Rounds 46,767 45,639 2% 44,408 5% 43,163 45,455 -5% H.B. Wire 48,479 47,829 1% 48,075 1% 45,937 47,241 -3% Ferro Alloys - Consolidated 82,058 76,868 7% 75,399 9% 75,831 72,011 5% Galvanized Fabricated Product 78,232 75,017 4% 78,767 -1% 77,139 72,277 7% Rolled Structural Product 53,204 48,625 9% 49,047 8% 48,901 49,502 -1%
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13https://www.godawaripowerispat.com/ Particulars Q1FY27 Q4FY26 QoQ% Q1FY26 YoY% FY26 FY25 YoY% Net Sales 1,487 1,436 4% 1,134 31% 4,714 4,661 1% Total Expenses 1,186 1,014 17% 836 42% 3,535 3,543 0% Other Income 33 26 28% 24 36% 191 102 88% EBITDA 301 422 -29% 298 1% 1,179 1,118 5% EBITDA Margin 20% 29% 26% 25% 24% Depreciation 45 43 3% 39 15% 159 137 16% Finance Costs 18 17 4% 13 35% 51 47 10% Extra Ordinary Income 37 37 PBT 271 424 -36% 270 0% 1,197 1,036 16% Tax 72 102 -29% 70 4% 277 266 4% PAT 199 322 -38% 200 -1% 919 770 19% PAT Margin 13% 22% 18% 20% 17% EPS - Diluted 2.96 4.80 -38% 3.08 -4% 13.72 11.82 16% Standalone Income Statement Figures in Rs. Crore except Margins and EPS, which are in percentage and Rs.
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14https://www.godawaripowerispat.com/ Particulars Q1FY27 Q4FY26 QoQ% Q1FY26 YoY% FY26 FY25 YoY% Net Sales 1,750 1,610 9% 1,323 32% 5,381 5,376 0% Total Expenses 1,417 1,171 21% 999 42% 4,127 4,182 -1% Other Income 33 25 32% 22 48% 94 96 -2% EBITDA 334 439 -24% 324 3% 1,253 1,194 5% EBITDA Margin 19.07% 27.26% 24.49% 23.29% 22.21% Depreciation 50 48 3% 44 14% 178 155 15% Finance Costs 20 19 5% 15 33% 58 55 6% Share of Profit/(Loss) of Associate & JV 5 11 -55% 3 67% 6 12 -49% Exceptional item -18 -18 1 PBT 302 390 -23% 291 4% 1,098 1,092 1% Tax 79 109 -27% 74 7% 297 279 6% PAT from Ordinary Activities 222 280 -21% 216 3% 802 813 -1% PAT Margin 12.70% 17.40% 16.35% 15% 15% EPS from Continuing Operations - Diluted 3.48 4.40 -21% 3.50 -1% 12.58 13.14 -4% Figures in Rs. Crore except Margins and EPS, which are in percentage and Rs. Consolidated Income Statement
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15https://www.godawaripowerispat.com/ Particulars 31.03.2026 31.03.2025 Assets - Property, Plant and Equipment 3,093 2,549 Non Current Investments 1,154 913 Other Non Current Assets 395 300 Inventories 750 694 Trade Receivables 93 86 Cash & Cash Equivalents 1,100 682 Other Current Assets 301 429 Total Assets 6,885 5,654 Equity & Liabilities - Equity Share Capital 65 65 Reserves & Surplus 5,612 4,592 Long Term Borrowings 233 Other non Current Liabilities 281 230 Short Term Borrowings 185 259 Trade Payables 342 363 Other Current Liabilities 168 145 Total Equity & Liabilities 6,885 5,654 Particulars 31.03.2026 31.03.2025 Assets - Property, Plant and Equipment 3,754 3,074 Non Current Investments 357 471 Other Non Current Assets 546 345 Inventories 926 932 Trade Receivables 132 132 Cash & Cash Equivalents 1,145 694 Other Current Assets 438 508 Total Assets 7,296 6,157 Equity & Liabilities - Equity Share Capital 62 61 Reserves & Surplus 5,787 4,876 Long Term Borrowings 238 4 Other non Current Liabilities 341 278 Short Term Borrowings 189 305 Trade Payables 443 460 Other Current Liabilities 236 173 Total Equity & Liabilities 7,296 6,157 Balance Sheet Figures in Rs. Crore Standalone Consolidated
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16https://www.godawaripowerispat.com/ Iron Ore Mining Q1FY27 Achieved 0.54 % Achieved 16% Iron Ore Pellets 0.90 23% Sponge Iron 0.17 26% Steel Billets 0.11 22% Rolled Products 0.10 22% Ferro Alloys FY27 Guidance 3.4 4.0 0.65 0.525 0.44 95,000 27,643 29% Figures in Million Tons except Ferro Alloys, which is in Tons Robust FY27 Guidance
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Growth Plans & Project Updates
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18https://www.godawaripowerispat.com/ Iron Ore Mining – Capacity more than doubled in FY26 Iron Ore Beneficiation Plants *Received Consent To Operate from the CECB for enhanced capacity of Ari Dongri Mines from 2.35 MnT to 6 MnT in Feb’26. Ore quality upgrade roadmap is execution-ready, with approvals secured, orders placed, and the beneficiation plant targeted for commissioning by Q3 FY27. 3.05 3.05 6.70 2.31 2.34 2.75 FY24 FY25 FY26 Mining Capacity Production 3.3 3.3 0.6 6.0 FY26 FY27E At Plant At Mines 2x+ 3.9 9.3 Captive iron ore security set to strengthen materially as Ari Dongri expands from 2.35 MnT to 6 MnT, with phased ramp-up beginning Q3FY27 and full-scale operations targeted from FY28. Capex of Rs. 218 Cr. incurred up to 30th June’26 *3.65 MnT capacity increased in Feb’26 Expanding Captive Mining Capacity & Strengthening Cost Leadership Figures in Million Tons 2x+
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19https://www.godawaripowerispat.com/ Pellet Expansion Successfully Commissioned The capacity utilization of the 4.7 MnT Pellet Plant stood at 77% in Q1FY27 and is expected to ramp up to 85% in FY27. Pellet capacity enhanced by 74% to 4.7 MnT with capex of Rs. 600 Cr. The operations of the new pellet plant are fully established.
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Investor Presentation Q4 & FY26 20https://www.godawaripowerispat.com/ Setting up a 0.7 MnT CRM Complex with a planned capex of Rs. 1,100 Cr., to be funded via debt Rs. 550 Cr. (requisite bank sanction received) & balance via internal accruals. Orders placed for key equipment lines, including Pickling Line, CGL Line – GL / ZAM, CGL Line – ZAM / Alu Silicon / GI, Colour Coating Line, and Acid Regeneration Plant Advance payments released for all major process lines along with contract finalization; detailed engineering/design completed progressively till April ’26. Capex of Rs. 85 Cr. incurred up to 30th June’26 The project is registered under the ambit of PLI 1.1 and PLI 1.2 incentives. Revised expected commissioning is scheduled for December ’27. Cold Rolling Mill (CRM) Complex – To Foray into Value-added Steel Representative Pictures Project proposed to be relocated from Chhattisgarh to Maharashtra (near Sambhajinagar) to avail state incentives and subsidies, while also benefiting from its proximity to the proposed BESS Plant. The relocation follows the decision to defer the Integrated Steel Plant (ISP). The land allotment application has been submitted, with approval expected in August 2026. The Project Construction activities are expected to start from Oct’ 26.
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Investor Presentation Q4 & FY26 21https://www.godawaripowerispat.com/ 25 MW Captive Solar Power Plant commissioned & synchronized with the grid in May'26; Capex of Rs. 72 Cr incurred. Power will be captively consumed at Ari Dongri and Boria Tibu iron ore mines, replacing high- cost grid power, reducing energy costs & carbon footprint. 100 MW solar project construction and module installation activities are in progress; Capex of Rs. 204 Cr. incurred up to 30th June’26, with completion targeted by the end of September’26. 250 MW solar project is kept in abeyance due to the relocation of the proposed CRM Project to Maharashtra & the delay in land allotment. Expanding captive solar power capacity by 53% from 190 MW to 290 MW to support iron ore mines, and an additional 2 MnT pellet plant. 45 MWh BESS project for captive solar power plants is under implementation; Rs. 37 Cr. capex incurred up to 30th June’26; Equipment is already on site, and installation is in progress, with commissioning targeted by Q3FY27. Captive Solar Power Projects Accelerating Green Energy Self-Reliance Upon successful commissioning of the above projects total installed capacity of Solar Power generation shall be 290 MW.
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22https://www.godawaripowerispat.com/ Executing 20 GWh Battery Energy Storage System (BESS) project at planned capex of Rs. 1,425 Cr. to be funded by Debt to Equity as 1:1. Capex of Rs. 501 Cr. incurred up to 30th June’26. Land of 112 acres acquired in AURIC Industrial Area, Maharashtra; soil testing completed; compound wall construction is underway. BESS assembly equipment to be supplied by Lead Intelligent Wuxi, with FAT expected by August-end. Long-term cell supply agreement finalized with EVE Power Co. Ltd.; BOS supply agreement signed with ROCHE Energy; PCS supply agreements executed with FIMER India and Hopewind. Maharashtra Government approved multiple incentives for the project, including electricity duty and stamp duty exemptions, power tariff subsidy, interest and capital subsidies, SGST-linked incentives, and ESI/EPF reimbursements. EMS vendor finalized from India, while testing equipment has been finalized from REPPOWER and NEWARE, China. Expected commissioning is scheduled for Q1FY28. The project is being executed through Godawari New Energy Private Limited, a wholly owned subsidiary of GPIL. BESS - Expanding from Steel into Clean Energy Infrastructure GNEPL Participated in Solar Expo GPIL’s Team with EVE Power Team
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23https://www.godawaripowerispat.com/ Growth Capex Pipeline & Project Progress Project Particulars Existing Capacity (MnT) Proposed Capacity Expansion (MnT) Total Capacity after Expansion (MnT) Capex (Rs. Crore) Project Cost Incurred Till March’26 Incurred in Q1FY27 Balance to be Incurred 9MFY27E FY28E Expected Completion Crushing & Beneficiation 0.6 5.4 6 325 202 16 107 107 - Q3FY27 Cold Rolling Mill - 0.7 0.7 1,100 73 12 1,015 500 515 Dec’ 27 Solar Power Projects 165 MW 25 MW 290 MW 75 72 - - Completed 100 MW 320 107 97 116 116 Sep’ 26 BESS Project – Captive Solar Power Plant - 45 MWh 45 MWh 40 31 6 3 3 Oct’ 26 BESS Project - GNEPL - 20 GWh 20 GWh 1,425 163 337 925 925 Q1FY28 Waste Heat Recovery Power Plant 42 6.91 48.91 75 73 2 - Completed
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24https://www.godawaripowerispat.com/ Vision 2030: Financial Growth Roadmap c c c 5,381 24,000 FY26 2030 E 1,253 3,500 FY26 2030 E Revenue EBITDA PAT 802 2,500 FY26 2030 E Figures in Rs. Crore; E = Estimated ≈4x ≈3x ≈3x
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Company & Business Overview
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Investor Presentation Q4 & FY26 26https://www.godawaripowerispat.com/ Revenue CAGR (FY20 - 26) 9% EBITDA CAGR (FY20 - 26) 12% PAT CAGR (FY20 - 26) 29% ROCE (FY26) 17% Net Cash (FY26) Rs. 837 Cr CFO (FY26 vs FY25) 29% 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 mining, pellets and sponge iron to finished steel products. Significant capacity scale-up - iron ore mining capacity doubled to 6.7 MnT and pellet capacity expanded 74% to 4.7 MnT. Strategic growth initiatives across metals and energy - 0.7 MnT CRM Complex, and 20 GWh BESS manufacturing. Captive solar capacity being expanded to 290 MW , supporting power requirements across pellet plant, mining and SMS expansion. Mining Steel Ferro Alloys Energy 25+ Years of Trust, Scale & Operating Discipline
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27https://www.godawaripowerispat.com/ Intermediate Products Raw Material Finished Products Captive Power Iron Ore (2 Captive Mines) Coal (Imported + Domestic) Manganese Ore (Imported + Domestic) HB Wires Galvanized Fabricated Products MS Rounds Ferro Alloys Fully Integrated Plant with State-of-the- Art Technology Solar 190 MW WHRB 48.91 MW Biomass 28.5 MW Iron Ore Pellets Sponge Iron Steel Billets Wind Power 1.5 MW Business Model: Integrated and Diversified Melting Scrap (Imported + Domestic)
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28https://www.godawaripowerispat.com/ Note – Prices are indicative only Iron Ore Prices 3,000 4,346 4,270 6,800 7,300 5,500 6,200 6,350 6200 6750 2,181 2,310 2,462 2,375 2,800 3,000 2,800 3,000 2900 3300 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 Market Price of Iron Ore Captive Ore Landed Cost 100% captive iron ore security backed by two magnetite mines with 165 MnT proven reserves, 6.7 MnT capacity, and 35+ years of mine life. Premium pellet economics driven by high-grade ~65% Fe iron ore, enabling GPIL to realize a Rs. 1,000–1,500/ton premium over market prices. Resource Security with a Built-in Cost Advantage
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29https://www.godawaripowerispat.com/ Godawari New Energy Pvt Ltd - 100% Subsidiary, Sambhajee Nagar, Maharashtra Bemetara, Chhattisgarh 52MW HFAL Solar Power Plant Siltara Integrated Plant Chhattisgarh 3.3 mn MTPA Iron Ore Beneficiation 4.7 mn MTPA Iron Ore Pellets 0.65 mn MTPA Sponge Iron 0.525 mn MTPA Steel Billets 0.2 mn MTPA Rolling Mill 0.115 mn MTPA HB Wire 98 MW Captive Power 16,500 MTPA Ferro Alloys Chawardhal, Chhattisgarh: 25MW GPIL Solar Power Plant Rajnandgaon, Chhattisgarh: 70MW GPIL Solar Power Plant Maharumkala, Chhattisgarh: 24MW GPIL Solar Power Plant Tulsipur, Chhattisgarh: 18MW GPIL Solar Power Plant Ari Dongri Iron Ore Captive Mine Chhattisgarh: 6 mn MTPA Boria Tibu Iron Ore Captive Mine Chhattisgarh: 0.7 mn MTPA Urla Industrial Area 0.2 mn MTPA Rolling Mill 0.11 Mn MTPA Fabrication Shop 60,500 TPA Ferro Alloys (HFAL) 20MW Captive Power (HFAL) 14,500 TPA Ferro Alloys (AFAL) 8 MW Captive Power (AFAL) Other Locations 8.50 MW Bio Mass IPP (HFAL-Mahasamund) 1.50 MW Wind Mill (Karnataka) Represent Regional Presence Indicator : GPIL Plants GPIL Mines Large Portfolio of Long-life Assets
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30https://www.godawaripowerispat.com/ Mr. B L Agrawal (Chairman & Managing Director) 1st generation entrepreneur with almost 4 decades of experience; Graduated as an Electronic Engineer; started GPIL Mr. Dinesh Agrawal (Whole Time Director) 2+ decades of association with GPIL; 2nd generation entrepreneur; Electrical Engineer; Overseeing setting up of captive power plant Mr. Siddharth Agrawal (Executive Director) MBA with over 10 years of experience in various competencies especially in Solar Power Mr Abhishek Agrawal (Executive Director) 2nd generation entrepreneur; Masters in International Business from Leeds University, Started pellet plant in GPIL Mr Raj Kamal Bindal (Independent Director) MCOM, CA & MBA; 22 years experience in areas of Energy, Infrastructure, Project Management, Financial Services and Infrastructure Finance Mr. Samir Agrawal (Independent Director) CA, CS, CFA; 20+ years of experience in sphere of capital raising, mergers and acquisitions, financial structuring and corporate restructuring Mr. Dinesh Gandhi (Executive Director) 3 decades of experience in Accounts, Finance & Project Financing; Chartered Accountant and Company Secretary Mr. Vinod Pillai (Non-Executive Director) 2 decades of experience in Sales, Administration, Liaison & Logistics; Commerce graduate Mr. Hukam Chand Daga (Independent Director) 4+ decades of experience in various Aditya Birla Group companies namely Hindalco - Renusagar, Grasim Industries, Essel Mining etc. Mr. Sunil Duggal (Independent Director) 37 years of experience in leading high performance Teams; Served as CEO of Vedanta Ltd. and Hindustan Zinc Ltd. Mrs. Neha Sunil Huddar (Independent Woman Director) Experience of 40yrs+ in finance, accounts, HR & compliance management; worked as Head of Finance in Reliance Foundation; VP Payroll at RIL Mrs. Roma Balwani (Independent Woman Director) 4 decades of experience in Manufacturing companies like Vedanta Group, L&T, Mahindra Group in various aspects of strategic business Board of Directors
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31https://www.godawaripowerispat.com/ 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% 22% 24% 20% 35% 29% 19% Depreciation 178 155 141 124 105 109 137 Finance Costs 58 55 60 51 20 115 212 PBT 1,098 1,092 1,256 1,083 1,933 947 280 Tax 297 279 320 289 451 307 95 PAT (attributable to Owner) 802 812 935 793 1,481 627 174 Consolidated Historical Income Statement Figures in Rs. Crore except EBITDA Margin, which is in percentage
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32https://www.godawaripowerispat.com/ 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 443 460 529 525 530 194 178 Other Current Liabilities 236 173 174 116 301 88 115 Total Liabilities and Equity 7,296 6,157 5,545 5,159 4,890 3,474 3,482 Net Fixed Assets 3,754 3,074 2,704 2,409 2,056 2,057 2,407 Other Long-Term Assets 902 816 434 428 455 398 142 Inventory 926 932 900 811 874 504 557 Accounts Receivable 132 132 212 296 350 275 177 Loans and Advances & Other Current Assets 438 509 424 416 581 189 170 Cash and Cash Eq. (Incl. bank bal) 1,145 694 871 800 575 51 29 Total Application of Funds 7,296 6,157 5,545 5,159 4,890 3,474 3,482 Consolidated Historical Balance Sheet Figures in Rs. Crore
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33https://www.godawaripowerispat.com/ Share Price Performance & Shareholding Pattern 1/04/2020 13/05/2020 18/06/2020 23/07/2020 27/08/2020 1/10/2020 6/11/2020 14/12/2020 19/01/2021 24/02/2021 5/04/2021 12/05/2021 17/06/2021 23/07/2021 30/08/2021 5/10/2021 11/11/2021 17/12/2021 21/01/2022 28/02/2022 6/04/2022 16/05/2022 20/06/2022 25/07/2022 1/09/2022 7/10/2022 15/11/2022 20/12/2022 24/01/2023 1/03/2023 11/04/2023 18/05/2023 22/06/2023 28/07/2023 4/09/2023 11/10/2023 16/11/2023 22/12/2023 30/01/2024 4/03/2024 12/04/2024 21/05/2024 26/06/2024 1/08/2024 6/09/2024 14/10/2024 19/11/2024 26/12/2024 30/01/2025 6/03/2025 16/04/2025 23/05/2025 27/06/2025 1/08/2025 9/09/2025 15/10/2025 21/11/2025 29/12/2025 3/02/2026 11/03/2026 21/04/2026 27/05/2026 3/07/2026 Share Price PerformanceGPIL BSE 500 Particulars No. of Shares % of Total Sh. Domestic Institutions Promoter Non-Institution FPI Total 2,08,86,096 42,52,55,795 18,65,85,202 4,03,70,337 67,30,97,430 3.10 63.18 27.72 6.00 100.00 Shareholding Pattern as on 30th June’26 63.18% 36.82% Promoter & Promoter Group Public
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34https://www.godawaripowerispat.com/ India Iron Ore & Pellet Industry: Key Trends & Outlook IRON ORE PRODUCTION IN INDIA (MnT) IRON ORE PELLET PRODUCTION IN INDIA (MnT) India’s iron ore production is projected to rise to 340–345 mnt in FY’27 from ~316 mnt in FY’26 (8% YoY growth) The bulk of expansion is coming from captive mines, which are uncompetitive in the merchant market. Pellet production increases to 120 mnt in FY’26 (P) from 109 mnt in FY’25 Growth remains clustered, led by Odisha and Maharashtra Capacity utilisation remains a key concern TOP PELLET PRODUCERS (IN MILLION TONNES) Company / Group FY’25 FY’26 (P) YoY Change Key Highlights JSW Group 26 28 +2 Remains largest pellet producer AM/NS India 13 14 +1 Stable growth Tata Group 12 13 +1 Steady expansion Jindal Steel Ltd. 8 10 +2 Capacity ramp-up Others (Large + Mid + Small) 49 55 +6 Largest contributor to growth Total 109 120 +11 KEY TAKEAWAYS ✓ Rising crude steel production and higher pellet usage in steelmaking continue to support demand. ✓ Demand is shifting toward higher-grade and DR-grade pellets, reflecting efficiency gains and tighter environmental norms. ✓ Expansion is not broad-based—growth is concentrated in select regions, while others stabilised. ✓ Utilisation constrained at ~65%, weighed down by weak export demand, limited high-grade ore availability, and margin pressures. ✓ Outlook: Production to rise further, supported by steel demand and higher pellet usage in BF route. Key challenge remains improving utilisation and balancing supply with demand. P – Provisional | E – Estimated | All above figures are rounded off Source: BigMint 204 251 255 278 289 315 345 FY21 FY22 FY23 FY24 FY25 FY26 P FY27 E 79 85 102 109 120 FY22 FY23 FY24 FY25 FY26 P
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35https://www.godawaripowerispat.com/ International & Domestic Tailwinds INTERNATIONAL MARKET DOMESTIC MARKET Iron ore prices remain resilient Global iron ore prices have remained resilient, trading in the range of US$95–105/t despite concerns over slowing Chinese steel demand. Healthy mill margins and inventory restocking have supported prices in recent months. China’s demand has peaked China’s steel consumption has peaked and is expected to be in gradual decline. Stimulus measures to boost consumption, including direct cash transfers, will lend some demand support. Adequate global supply outlook Production from Australia and Brazil remains strong while Guinea’s Simandou project ramps up. Prices are expected to average US$95–100/t over the near term, with downside risks as additional low-cost supply enters the market. Iron ore prices moderated Average iron ore prices (NMDC 64% Fe fines) remained broadly stable QoQ at around Rs. 4,700/t in Q1FY27, reflecting improved domestic ore availability amid softer global iron ore prices. Pellet prices remain stable Iron ore pellet prices have remained stable, trading within a band of Rs. 8,900–11,000/t YTD, with current levels around Rs. 10,200/t. Steady domestic demand and healthy capacity utilization support prices. Strong steel demand outlook India’s steel sector continues to witness robust growth, with crude steel production rising ~3% YoY in Q1FY27. Government infrastructure spending, housing, railways and manufacturing investments are expected to sustain steel demand over the long term.
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Investor Presentation Q4 & FY26 Resilient Growth Through Sustainability
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37https://www.godawaripowerispat.com/ Decarbonisation & Energy Efficiency Projects Project Description Potential Status as on 30-June-26 Project 1 Power Generation from Waste Gases from Pellet Cooler & Ferro Alloys. 7 MW Commissioned in June ’26 Project 2 Enhancing the Diameter of Kiln 3 & 4 Preheater. 4MW Completed; Production Increased @26K Mt/Yr; Power Enhanced @4.MW/Hr. Project 3 Re-Design of Kiln-2 ABC Diameter. 1 MW Completed; Production enhanced @ 6.6K Mt/ Yr; Power Enhanced @1 MW/hr. Project 4 Re-Design of Kiln-3 & 4 Turbine Rotor. 1 MW Completed; Power Enhanced @1 MW/hr. Project 5 Fuel Switch from Coal Gas to Natural Gas in 2.0 MMTPA Pellet Plant. 2 Lakh Tons CO2 reduction pa Commissioned New 2.0 Pellet Plant and Achieved Rated Capacity. Became the First Plant in CG to Operate with Natural Gas. Target 2050 - Net Zero Carbon Emission 2.89 2.75 2.51 2.46 2.42 2.35 2.25 2.1 1.95 0 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY30 FY50 tCO2/Ton of Steel GPIL joined the India Green Steel Coalition to collaboratively drive the transition toward cleaner, greener steel production pathways and accelerate the adoption of sustainable practices across the industry. Accelerating the Journey to Net Zero Carbon Emission 2050 WHRB Plant Commissioned
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38https://www.godawaripowerispat.com/ Energy Efficiency & Decarbonisation Projects at a Glance CARBON CAPTURE AND UTILIZATION (CCU): Collaboration with IIT - Mumbai o IIT Mumbai successfully commissioned a 3 TPD Carbon Capture and Utilization unit. o The same will be replicated at GPIL Pellet Plant with a Capacity of 5 TPD. o GPIL successfully designed a 5 TPD CCU with an internal Design and R&D team, with 50 % of the project cost proposed by IIT Mumbai. o Civil Work is in Progress and expected to be completed by the end of Q-3 2026-27.
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39https://www.godawaripowerispat.com/ CO2 Emissions Per Ton of Steel CARBON BORDER ADJUSTMENT MECHANISM (CBAM)- CALCULATIONS DONE BY Financial Year (FY) tco2 / Ton of Steel FY 25-26 Q-1 3.319 FY 25-26 Q-2 3.391 FY 25-26 Q- 3 3.224 FY 25-26 Q-4 3.244 FY 26-27 Q-1 3.180 WORLD STEEL ASSOCIATION (WSA) (ISO 14064 STANDARD) Assured By Financial Year (FY) tco2 / Ton of Steel FY 25-26 Q-1 2.475 FY 25-26 Q-2 2.588 FY 25-26 Q- 3 2.453 FY 25-26 Q-4 2.495 FY 26-27 Q-1 2.485 All The emission calculations are based solely on Fixed Carbon Basis. All The emission calculations are based solely on Total Carbon Basis.
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40https://www.godawaripowerispat.com/ EV-Led Transition Towards Greener Operations 5 new EV Dumpers were added during the quarter, making the total fleet 15 EV Dumpers, 24 EV Loaders, and 15 Excavators Adoption of electric transportation reduced operating costs by ~75%. Lowered CO₂ emissions by ~88% versus conventional diesel vehicles. 01 02 03
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41https://www.godawaripowerispat.com/ Aligned with United Nations’ 10 principles for manufacturing responsibility and environmental sustainability o Investing in environmentally friendly technologies o Focussed on renewable sources of energy o Reducing carbon footprints - aiming at Carbon Neutral growth through new solar PV projects o Strong community engagement o Talent development through skill set training and mentoring o Developing a stable eco - system of vendors o Experienced and diverse board composition o Disciplined capital allocation o Robust risk management framework Environmental Social Governance 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.
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42https://www.godawaripowerispat.com/ It’s a non-profit special education institute supporting children with Autism, Down Syndrome, ADHD, and Cerebral Palsy through education, therapy, and skill development. The HIRA Group has supported the institute under CSR by contributing approximately Rs. 2 crore for school building construction and monthly operational expenses The 2-acre, 52,000 sq. ft. barrier-free campus is equipped with ramps, lifts, and accessible facilities. The institute provides special education, speech therapy, physiotherapy, counselling, and vocational training Benefiting around 374 children through its centers in Raipur, Birgaon, and Dharsiwa. 01 02 03 04 05 Aakanksha Lions Institute of Learning and Empowerment
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43https://www.godawaripowerispat.com/ Health Initiatives – Celebrating International Yoga Day Yoga at Magneto Mall Yoga at Old Age Home Yoga at Aakanksha School for the Specially-Abled Yoga at Siltara School
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44https://www.godawaripowerispat.com/ Health Initiatives - Menstrual Hygiene & Anemia Screening Camp Anemia Screening & Menstrual Hygiene Awareness Camp Organized a Health Camp on Doctors’ Day Menstrual Hygiene Awareness Camps at Schools Sanitary Pad Vending Machines installed at schools & colleges
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45https://www.godawaripowerispat.com/ Maa Godawari Anandvan - Old Age Home Gomchi Maa Godawari Anand Old Age Home is jointly managed by HIRA CSR Foundation and Godawari Seva Trust To provide residential care and a dignified living environment for senior citizens. The facility was constructed at an approximate cost of Rs. 14 crore, with ongoing operational support of around 1.50 Cr annually. Spread across 10 acres, the old age home has a capacity of 92 beds and currently accommodates about 59 elderly residents with supporting staff Residents are provided with safe accommodation, nutritious meals, medical care, social activities, and a peaceful green environment that offers comfort, security, and respectful care 01 02 03 04 05
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46https://www.godawaripowerispat.com/ 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, Malaysia Supporting the promotion of Golf
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47https://www.godawaripowerispat.com/ Environment Initiatives Tree plantation done on Earth Day & Environment Day. Awareness creation among students for environmental conservation.
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48https://www.godawaripowerispat.com/ 01 Key HR KPI’s 02 Growth Through ESOPs 03 Workforce Wellbeing Building a stable and committed workforce through long-term employee engagement o Term insurance coverage extended to 100% employees. o Group Medical Insurance (GMI) coverage extended to 91% of employees, and ESIC benefits given to eligible workforce. o Several employee development and training programs organized. Creating a supportive workplace focused on employee care, security and growth o Total Options Granted are 50 Lakh o ESOP pool represents 2.22% of total paid-up equity capital, reinforcing long-term value creation alignment Strengthening ownership-led growth culture o Attrition rates are very low at 4.6%, reflecting strong employee satisfaction and engagement o Average employee age and tenure stood at 42 years and 10 years, respectively, reflecting workforce stability o Recognized as a Great Place to Work® Certified organization. o Options Vested till 31st March’26 are 31 Lakh; 16 Lakh are to be vested in future o Options exercised till 31st March’26 are 10 Lakh; 21 Lakh are to be exercised in future People-Centric Growth & Employee Empowerment
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49https://www.godawaripowerispat.com/ ISO 45001:2018 (OH & SMS)ISO 14001:2015 (EMS)ISO 9001:2015 (QMS) ISO 26000 (CSR)ISO 27001:2022 (ISMS)ISO 50001:2018 (EnMS) New Certifications Implemented in 2024-25 The Implementation of ISO 26000 & GB/T 39604 Successful Completion of TÜV SÜD Audit Following a rigorous evaluation completed in March 2026, TÜV SÜD has officially verified the organization’s Social Responsibility Management System International Certificates Achieved
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Investor Relations Contact : Sana Kapoor Go India Advisors sana@GoIndiaAdvisors.com M:+91 81465 50469 Sakshi Narvekar Go India Advisors sakshiN@GoIndiaAdvisors.com M:+91 87792 63625 Company Contact : YC Rao Company Secretary Yarra.rao@hiragroup.com Godawari Power and Ispat Ltd. Sanjay Bothra Chief Financial Officer (CFO) sanjay.bothra@hiragroup.com Godawari Power and Ispat Ltd. Thank You