Latest News | Godawari Power and Ispat Q2 Net Jumps over Two-fold to Rs 267 Cr

New Delhi, Oct 30 (PTI) Godawari Power and Ispat Limited (GPIL) on Saturday posted an over two-fold jump in consolidated net profit after tax to Rs 267.30 crore for the quarter ended September, mainly on account of higher income.

In the year-ago quarter, the company's "net profit from ordinary activities after tax" stood at Rs 103.76 crore.

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During the July-September period, total consolidated income also increased to Rs 1,277.03 crore, from Rs 967.49 crore in the corresponding quarter of the previous fiscal, GPIL said in a regulatory filing.

Expenses during the quarter were at Rs 882.14 crore as against Rs 811.92 crore earlier.

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GPIL is the flagship company of Raipur-based Hira Group of Industries having presence in the long product segment of the steel industry, mainly mild steel wire.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)