Godawari Power & Ispat Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 20, 2018 at 04:16 am EST
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Godawari Power & Ispat Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on standalone basis, the company's revenue from operations was INR 5,737.1 million compared to INR 3,886.5 million a year ago. Total income from operations was INR 5,741.3 million against INR 3,944.0 million a year ago. Profit from ordinary activities before exceptional items and tax was INR 567.4 million compared to loss of INR 141.7 million a year ago. Profit from ordinary activities before tax was INR 566.5 million compared to loss of INR 141.7 million a year ago. Net profit from ordinary activities after tax was INR 642.1 million or INR 18.82 per basic and diluted share before and after extra ordinary items compared to loss of INR 135.8 million or INR 4.15 per basic and diluted share before and after extra ordinary items a year ago. EBITDA were 1,247.4 million against INR 469.8 million a year ago.
For the nine months, on standalone basis, the company's revenue from operations was INR 15,621.0 million compared to INR 12,237 million a year ago. Profit from ordinary activities before exceptional items and tax was INR 778.7 million compared to loss of INR 894.3 million a year ago. Total income from operations was INR 15,664.7 million against INR 12,349.0 million a year ago. Profit from ordinary activities before tax was INR 915.7 million compared to loss of INR 894.3 million a year ago. Net profit from ordinary activities after tax was INR 935.5 million or INR 27.43 per basic and diluted share before and after extra ordinary items compared to loss of INR 884.9 million or INR 27.01 per basic and diluted share before and after extra ordinary items a year ago. EBITDA were 2,836.3 million against INR 996.3 million a year ago.
For the quarter, on consolidated basis, the company's revenue from operations was INR 6,720.8 million compared to INR 4,668.6 million a year ago. Total income from operations was INR 6,726.3 million against INR 4,728.2 million a year ago. Profit from ordinary activities before exceptional items and tax was INR 713.3 million compared to loss of INR 71.1 million a year ago. Profit from ordinary activities before tax was INR 712.4 million compared to loss of INR 71.1 million a year ago. Net profit attributable to owner of the company was INR 721.0 million or INR 21.11 per basic and diluted share before and after extra ordinary items compared to loss of INR 101.5 million or INR 2.81 per basic and diluted share before and after extra ordinary items a year ago. EBITDA were 1,692.6 million against INR 957.8 million a year ago.
For the nine months, on consolidated basis, the company's revenue from operations was INR 18,459.1 million compared to INR 13,627.1 million a year ago. Total income from operations was INR 18,506.3 million against INR 13,750.5 million a year ago. Profit from ordinary activities before exceptional items and tax was INR 977.9 million compared to loss of INR 932.4 million a year ago. Profit from ordinary activities before tax was INR 1,115 million compared to loss of INR 932.4 million a year ago. Net profit attributable to owner of the company was INR 1,070.8 million or INR 31.39 per basic and diluted share before and after extra ordinary items compared to loss of INR 899.0 million or INR 27.63 per basic and diluted share before and after extra ordinary items a year ago. EBITDA were 3,942.2 million against INR 2,009.4 million a year ago.
Godawari Power and Ispat Limited is an India-based integrated steel company. The Company operates through two segments: Steel and Electricity. Its geographic segments include Domestic Market and Export Market. The Company is engaged in iron and steel industry, power sector and mining sector. It is having an integrated steel manufacturing unit with facilities ranging from captive iron ore mining to production of iron ore pellets, sponge iron, steel billets, rolled products, wires, ferro alloys and captive power plant. The Companyâs pellet plant in Orissa is located in Keonjhor district. Its railways siding is located approximately three kilometers (km) away from plant for transport of pellet. the Company has over 50 megawatt (MW) solar thermal power plant is located in Jaisalmer district in Rajasthan. The Companyâs plant is located in Rajpur District, Chhattisgarh, India. The Companyâs subsidiaries include Godawari Energy Limited and Godawari Green Energy Limited.
Godawari Power & Ispat Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017