Analysts/Institutional Investor Meet/Con. Call Updates

HIIEL Ein-rm Tag qiqu Figiv aft ch GODAWARI POWER & lspAT Date: 13.08.2026 REF: GPILINSE&BSE/2026/6431 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, Block G, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai-400051. Mumbai-400001. Scrip Code: GPIL Scrip Code: BSE: 532734 Dear Sir"adam, Sub: Submission of Transcript of conference Call held on 10`b August, 2026 regarding QIFY27 Results. This has reference to conference call held on loth August, 2026 to discuss the results and performance of QI FY27 for Analyst/Institutional Investorsffund House/Investors etc. Please find attached herewith the Transcript of Conference Call held on loth August, 2026 The aforesaid information is also being hosted on the website of the company viz., www.godawaripowerispat.com at Investors Information > Shareholders > Notices. Thanking you, Yours faithfully, Fo-r Guodawaeri Po`wer` An`d lspat Limited Y.C. Rao Company Secretary Encl : As Above y gr n ~_,RTer,permg~:as se.€ 3Lfa`v xl*ue8AVENS±;jeeanTBcpefstxy.` t 7.x¥L^j~-`,-ho "" oodawari power & lspal Limited _,~ir`m~~Dff- An |so goo|:2o|5, |So |4o0|:2015, |S0 45001:2018, 50001:2018 & 27001:2022 Certified company CIN 124100CT1999PLcot 3756 Registered Office and \^/orks! Plot No. 428/2, Phase 1, Industrial Area, Siltora, Raipur -493111, Chhattisgcirh, India P: +91 771 4082333, F: +91 771 4082234 Corporate Address: Hira Arcade, Near Old Bus Stcind, Pondri, Raipur - 492004, Chhattisgarh, India P: +91 7714082000, F: +91 7714057601 www.godawciripowerispcit.com, w\^/w.hiragroup.com “Godawari Power & Ispat Limited Q1 FY '27 Earnings Conference Call” August 10, 2026 MANAGEMENT: MR. ABHISHEK AGRAWAL – EXECUTIVE DIRECTOR – GODAWARI POWER & ISPAT LIMITED MR. SANJAY BOTHRA – CHIEF FINANCIAL OFFICER – GODAWARI POWER & ISPAT LIMITED MR. DINESH GANDHI – EXECUTIVE DIRECTOR – GODAWARI POWER & ISPAT LIMITED MODERATOR: MR. SAHIL SANGHVI – MONARCH NETWORTH CAPITAL Page 1 of 22 Godawari Power & Ispat Limited August 10, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Godawari Power & Ispat Limited Q1 FY '27 Earnings Conference Call, hosted by Monarch Networth Capital. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing "*" then "0" on your touchtone phone. Please note that this call is being recorded. I now hand the conference over to Mr. Sahil Sanghvi from Monarch Networth Capital. Thank you and over to you, sir. Sahil Sanghvi: Yes, thank you, Shruti. Good afternoon, everyone. It is a pleasure to welcome you on behalf of Godawari Power & Ispat Limited. Please note that today's discussion may include certain forward-looking statements and therefore must be viewed in conjunction with the risk that the company faces. Today we are joined by Mr. Abhishek Agrawal, Executive Director, Mr. Dinesh Gandhi, Executive Director, and Mr. Sanjay Bothra, Chief Financial Officer. And may I now please invite the management to present on the company's business outlook and performance, after which we will have the -- we will open the floor for Q&A. Thank you and over to the management, please. Dinesh Gandhi: Okay, thank you, Sahil. Good afternoon, everyone. Thank you for joining us on today's call. Our financial results and earnings presentation have been uploaded to the stock exchanges and our website. I trust you have had an opportunity to review them. I will briefly walk you through the key highlights of the results and progress on various projects, following which we will open the floor for Q&A. GPIL has made a steady start to FY '27, delivering resilient performance in Q1 FY '27, supported by healthy revenue growth, improved sales realization, stronger realization across key product segments. Sequentially, profitability was impacted by higher input cost, driven by increased iron ore sourcing from the market and elevated coal prices, following West Asia crisis. These pressures are expected to ease upon commissioning of beneficiation plant, enabling higher captive mining, improved raw material availability, and enhanced cost efficiencies. Coming to the operational performance, our iron ore mining volume declined primarily due to space constraints for dumping of overburden, in view of delay in obtaining tree-cutting permission in the additional allotted land. This resulted in higher market procurement of iron ore for pellet production, leading to elevated input cost. Despite this, production grew YoY across product categories, except iron ore mining and galvanized product. On QoQ basis, production remained subdued across most segments, with sponge iron and wire, ferroalloys being key exceptions. We remain on track to deliver our FY '27 guidance, with Q1 volume achieving between 16% to 29% of full year guidance. Our value-added product also recorded healthy YoY growth in Q1, led by sponge iron, billet, and rolled production. This further supported by improved realization of most of the product, both on YoY and quarter-on-quarter basis, contributing to healthy revenue growth during the quarter. Page 2 of 22 Godawari Power & Ispat Limited August 10, 2026 Talking about the consolidated financial performance, Q1 FY '27 revenue recorded both YoY and sequential growth, supported by healthy sales volume and improved realization. EBITDA and PAT remained broadly stable YoY, although profitability softened sequentially due to elevated input cost, primarily on account of higher procurement of iron ore from market and coal prices. EBITDA and PAT margin stood at 19.1% and 12.7%, respectively. Except margin improvement, we expect margin improvement from Q4 FY '27, following commissioning of beneficiation plant, enabling greater utilization captive iron ore pellets. Now coming on our key growth projects, the Ari Dongri iron ore mine expansion is progressing as planned, with ramp-up expected from Q3, following commissioning of beneficiation plant, and full scale operation targeted from FY '28. The beneficiation plant will strengthen the captive iron ore security and improve ore quality for pellet production. capex of INR218 crores incurred in the beneficiation plant till June '26. The 4.7 million ton expanded pellet capacity operated at 77% utilization in Q1 and is expected to ramp up to around 80%-85% in FY '27 as the operations scale up. As regards our integrated steel plant and CRM projects, the company has decided to keep the proposed 1 million ton integrated steel project in abeyance due to on-ground challenges and delays in approval, especially the approval for water allocation, which resulting in delay in final EC and consequently the consent to set up the pellet plant, consent to set up the integrated steel plant. Consequently, in order to leverage the benefit of state incentives and subsidies, synergies from proximity of base plant, the 0.7 million ton CRM complex is proposed to be relocated to Maharashtra, near Sambhaji Nagar. The land identification land for the proposed CRM project has been completed and application for allotment of land has been submitted to Government of Maharashtra. We expect the land allotment approval by end of August '26. The project construction activities are expected to start from October 2026. The project is now targeted to be, commissioned by December '27, with planned capex of INR1,100 crores to be funded through INR550 crores of debt and balance through internal accruals. The 20 gigawatt base project is progressing well and is scheduled for commissioning in Q1 '28. Soil testing has been completed, construction of the compound wall is underway. Key supply agreements for major equipments and raw material have been finalized, including long-term cell procurement, keeping the project execution on track. The project is also supported by, incentives fro [Showing first 8,000 characters — download PDF for full document]