Godawari Power & Ispat was locked in an upper circuit of 5% at Rs 1,777.65 after the company posted an 835% jump in consolidated net profit to Rs 434.87 crore on a 66.9% rise in net sales to Rs 1,126.18 crore in Q1 FY22 over Q1 FY21.
On a sequential basis, the company’s net profit increased by 33% on a nearly 9% decline in net sales in Q1 FY22 over Q4 FY21. Meanwhile, the company’s consolidated profit before tax rose 26.7% quarter on quarter and 667% year on year to Rs 572.69 crore in Q1 FY22.
