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Godawari Power and Ispat Q2 net profit jumps over two-fold to Rs 267 crore

Godawari Power and Ispat Q2 net profit jumps over two-fold to Rs 267 crore

During the July-September period, the 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 Expenses during the quarter were at Rs 882.14 crore as against Rs 811.92 crore earlier

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.

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.

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.

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