Goodluck India Reports 33% Profit Surge in Q4
ECONOMY & POLICY

Goodluck India Reports 33% Profit Surge in Q4

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement