Godawari Power Zooms Over 4% On Jump In March Quarter Profit

Godawari Power posted a net profit of Rs 304.01 crore in the quarter ended March 21 as against Rs 34.22 crore in the year-ago period, mainly on the back of higher revenues

Godawari Power and Ispat zoomed more than 4 per cent after the copmpany posted a multifold jump in consolidated net profit in the March quarter. At 11:20 am, Godawari Power shares were trading at Rs 1,002, higher by Rs 44 or 4.4 per cent, on the BSE. Godawari Power posted a net profit of Rs 304.01 crore in the quarter ended March 21 as against Rs 34.22 crore in the year-ago period, mainly on the back of higher revenues, the company said in a BSE filing. The company's total income rose to Rs 1,263.67 crore in the quarter under consideration from Rs 787.74 crore in the same quarter a year ago.