{"id":118745,"date":"2024-02-07T15:12:52","date_gmt":"2024-02-07T09:42:52","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118745"},"modified":"2024-02-07T15:12:54","modified_gmt":"2024-02-07T09:42:54","slug":"stock-jumps-7-after-its-net-profits-grew-by-70-yoy-announces-expansion","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-7-after-its-net-profits-grew-by-70-yoy-announces-expansion\/","title":{"rendered":"Stock jumps 7% after its net profits grew by 70% YoY; Announces expansion"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1704154963\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Small-cap stock engaged in the business of Mining Iron Ore, Manufacturing Iron Ore Pellets, generating electricity and many more jumped 7 percent in the day\u2019s trade following multiple events like Q3FY24 results, environment clearance, and others.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1706453255\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 10,958 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GPIL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Godawari Power &amp; Ispat Limited<\/a><\/strong> were trading at Rs. 806.10, up 5.84 percent from its previous day\u2019s close price of Rs. 761.60.\u00a0<\/p><p>Godawari Power &amp; Ispat Limited has received environmental clearance for the expansion of the Iron Ore Pelletization Capacity of the Company from 2.7 MTPA to 4.7 MTPA capacity at Siltara Industrial Area, Raipur, Chhattisgarh.&nbsp;<\/p><p>It has also commenced the operations of its 23 MWp Captive Solar PV Power Plant situated at Khairagarh (Rajnandgaon) Chhattisgarh. The generation of Solar Energy will support the green initiatives of the Company and reduce the carbon footprint.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1658456916\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In Addition to this Godawari Power &amp; Ispat Limited has released its Q3FY24 results, Its revenue from operations declined by 10.53 percent YoY from Rs. 1,462.99 Crores in Q3FY23 to Rs. 1,308.92 Crores in Q3FY24 and it grew 1.38 percent QoQ from Rs. 1,291.04 Crores in Q2FY24 to Rs. 1,308.92 Crores in Q3FY24.&nbsp;<\/p><p>Its Net Profit grew by 70.12 percent YoY from Rs. 139 Crores in Q3FY23 to Rs. 236.48 Crores in Q3FY24 and it declined 13.22 percent QoQ from Rs. 272.51 Crores in Q2FY24 to Rs. 236.48 Crores in Q3FY24.&nbsp;<\/p><p>Godawari Power &amp; Ispat Limited is engaged in the business of Mining Iron Ore and Manufacturing Iron Ore Pellets, Sponge Iron, Steel Billets, Wire Rods, H.B. Wire, and Ferro Alloys, along with the generation of Electricity&nbsp;<\/p><p><strong>Written by: Bharath K.S\u00a0<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1606699262\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Small-cap stock engaged in the business of Mining Iron Ore, Manufacturing Iron Ore Pellets, generating electricity and many more jumped 7 percent in the day\u2019s trade following multiple events like Q3FY24 results, environment clearance, and others.&nbsp; With a market capitalization of Rs. 10,958 Crores, the shares of Godawari Power &amp; Ispat Limited were trading at [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[16488,16487,948,936],"class_list":["post-118745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-godawari-power-latest-news","tag-godawari-power-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock jumps 7% after its net profits grew by 70% YoY; Announces expansion - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Small-cap stock engaged in the business of Mining Iron Ore, Manufacturing Iron Ore Pellets, generating electricity and many more jumped 7 percent in the day\u2019s trade following multiple events like Q3FY24 results, environment clearance, and others.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stock-jumps-7-after-its-net-profits-grew-by-70-yoy-announces-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock jumps 7% after its net profits grew by 70% YoY; 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