Goodluck India has announced a 26% increase in its standalone net profit, reaching Rs 40.08 crore for the third quarter ending December, driven by the growth of high-margin value-added products. This compares to Rs 31.75 crore in net profit during the same period last year.
The company attributed this profit surge to sustained demand and a higher share of premium products, which contributed significantly to its earnings. Standalone operating income rose by 7%, amounting to Rs 941.98 crore for the quarter, up from Rs 878.27 crore in Q3FY24. EBITDA also saw a 9% increase, reaching Rs 82.48 crore, compared to Rs 75.66 crore during the same period in the previous year.
Sales volume grew by nearly 21%, reaching 1,11,078 Metric Tonnes (MT) in Q3FY25, up from 92,023 MT in the year-ago period. The company is optimistic about continued revenue growth, particularly with the upcoming start of operations at its hydraulic tube plant in Uttar Pradesh.
MC Garg, Chairman of Goodluck India, expressed confidence in the company’s future performance, noting, “We’ve seen strong demand across all sectors, which has driven our sales. We expect our new hydraulic tube plant to contribute further to revenue, alongside our growing focus on value-added products, especially in the defence and aerospace sectors, which should improve our margins in the quarters ahead.” Goodluck India operates six manufacturing facilities across Uttar Pradesh and Gujarat, with a total annual capacity of 4,50,000 MT.
Goodluck India Limited is a prominent manufacturer of specialized engineered steel products, renowned for its high-quality offerings in the steel sector. Established as a key player in the industry, the company has recently expanded its operations with the inauguration of a new hydraulic tubes manufacturing facility in Bulandshahr, Sikandrabad. This ₹210 crore investment underscores Goodluck India’s commitment to advancing its product capabilities and reducing import reliance.
With a focus on producing advanced hydraulic tubes for construction machinery and industrial equipment, Goodluck India aims to meet growing domestic and international demand. The company’s strategic growth plan includes leveraging internal resources for funding and targeting significant revenue increases, positioning itself as a major player with aspirations of reaching a billion-dollar valuation in the coming years.
