At 11:20 am, Godawari Power shares were trading higher by Rs 44 or 4.4 per cent on BSEGodawari 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.Meanwhile, the board of Godawari Power recommended a final dividend of Rs 13.50 per share of Rs 10 each for 2020-21; this is in addition to the interim dividend of Rs 5 per share of Rs 10 each.The BSE Sensex and NSE Nifty were trading higher by 0.5 per cent each at 50,914.40 and 15,218.20 at the time.