How do you see the results of Godawari Power for the Jun-20 quarter?

Godawari Power & Ispat reported 14.7% lower net sales of Rs.711.25 crore for the Jun-20 quarter. The net profits for the Jun-20 quarter were 14.52% down at Rs.46.49 crore. At an operating level, the EBITDA was down 9.87% at Rs.158.81 crore in Jun-20 quarter.

For the Jun-20 quarter, Godawari Power reported proportionately lower EPS at Rs.13.19. The stock is up nearly 16% in the last 6 months in the midst of a tough market. At a valuation of 18X earnings, the upsides may be limited for the stock.