Iron & Steel/Intermediate Products company Godawari Power & Ispat announced Q1FY24 results: Revenue increased to Rs 1,326 crore – up 1% QoQ but decreased by 20% on YoY basis due to a fall in sales volume as well as realization across all products EBITDA increased by 14% to Rs 305 crore on a QoQ basis and EBITDA Margin also increased to 23% from 20% in Q1FY23 PAT also showed an increase of 36% to Rs 231 crore on a QoQ basis Iron ore mining volumes for Q1FY24 are flat at 572,523 MT on a QoQ basis Pellet production decreased to 523,950 MT due to planned maintenance shutdown & sales decreased due to captive consumption of Pellets in prod of Sponge Iron Production & Sales of Sponge Iron, Steel Billets, and MS Rounds increased significantly on a QoQ basis Pellet Realisation increased by 3% to Rs 10,200 PMT on a QoQ basis Introduced new product “66 Fe Pellets” which is getting an amazing response and far better realizations than 65 Fe Pellets Considering the volume Guidance for FY24, Sponge Iron and Steel Billets have achieved 30% & 25% targets respectively in Q1FY24. Result PDF