https://www.youtube.com/embed/pvJBGxNEKfk
Summary by Chat GPT:
Godawari Power and Ispat reported weak earnings in Q3 of FY23 with a decline in revenue and margins. Pellet realizations have improved but are still lower compared to the previous quarter. The executive director of the company, Abhishek Agrawal, stated that the current pellet prices are about 10,000 rupees for normal pellets and 11,000 rupees for highgrade pellets. The company estimates to produce about 7 lakh tons in Q4 with an improvement in realizations. The lower margins in Q3 were due to the removal of duty in November and the impact of energy costs. The company is optimistic about margins improving to 18-20% for the entire year if everything goes well. The company is open to both domestic and export sales, whichever offers better realizations. The company is on track to achieve its guidance for iron ore pellets of 2.6 to 2.62 million tons this financial year and target 2.7 million tons next year. The company’s guidance for iron ore mining was 3.05 million tons and they expect to reach 2.7 million tons this financial year.
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