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 Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..