Goodluck India Reports 33% Profit Surge in Q4

29 May 2024 CW Team

Goodluck India, a leading steel manufacturer, announced a significant 33% surge in its consolidated net profit for the March quarter, reaching Rs 372.1 million. This remarkable performance was attributed to heightened revenues during the period. The company disclosed its financial results in an exchange filing.

The total income of Goodluck India witnessed a notable uptick, rising to Rs 9.11 billion in the January-March period from Rs 7.66 billion in the corresponding period last year. However, expenses also increased, reaching Rs 8.60 billion compared to Rs 7.30 billion in January-March FY23.

For the entire fiscal year 2023-24, the company reported a profit of Rs 1.32 billion, marking a substantial increase from Rs 8.78 billion in the preceding fiscal year.

M C Garg, Chairman of Goodluck India, expressed satisfaction over the company's performance despite adverse geopolitical and market conditions. Garg stated, In spite of adverse geo-political conditions & tough market conditions, the company has succeeded in achieving growth by reshuffling the product mix and the market mix. He also highlighted robust demand growth contributing to volume sales, citing the recent supply and fabrication of steel bridges for the high-speed bullet train project.

The company's Board of Directors has approved a final dividend of Re 1 for the financial year 2023-24, subject to shareholder approval at the upcoming Annual General Meeting.

Goodluck India specializes in manufacturing a diverse range of engineered steel structures, precision/auto tubes, forging for defence and aerospace, CR (Cold Rolled) products, and GI (Galvanised Iron) pipes. This diversified product portfolio enables the company to cater to various sectors, enhancing its resilience in dynamic market conditions.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..