November 22, 2008

Godawari Power net in 2007-08 up by 82% YoY

Godawari Power & Ispat has posted net profit of INR 94.99 crore in 2007-08 fiscal up by 81.92% YoY as against INR 52.21 crore in 2006-07 fiscal. Net sales was up by 87.58% YoY INR 829.27 crore as against INR 442.09 crores.

Consolidated net sales in January to March 2008 quarter was up by 69.61% YoY to INR 809.82 crore as against INR 477.46 crore. Net profit was up by 69.61% YoY at INR 809.82 crore as against INR 477.46 crore.

EBIDTA margin for the 2007-08 fiscal was 21.96% and 18.78% for the January to March 2008 quarter. It has made provision for mark to market FOREX losses by INR 7.46 crore.

Godawari Power has 100% domestic sales and CAPEX for 2008-09 fiscal is INR 435 crore. The cash and the debt position of the company is that it has cash of INR 65 crore and current debt of INR 285 crore.