Goodluck India Net Profit up 26% in Q3FY25 on Demand, Increased Share of Value-Added Offerings

New Delhi/Ghaziabad, February 7, 2025: Specialised engineered steel products manufacturer Goodluck India Ltd. has registered 26 per cent growth in standalone net profit at INR 40.08 crore for the third quarter ended December 31, 2024, up from INR 31.75 crore same period last year on the back of a steady demand and increased share of high-margin value added products.

Operating income on a standalone basis increased by 7 per cent at INR 941.98 crore during the quarter under review as against INR 878.27 crore in the same period last year. EBITDA grew by 9 per cent at INR 82.48 crore as compared with INR 75.66 crore in the same quarter last year. Earnings per share increased to INR 11.85, as against INR 11.38 in Q3FY25.

For the nine months ended December 31, 2024, the company’s net profit increased by 25.85 per cent at INR 119.61 crore as compared with INR 95.04 crore same period last year while operating income grew by 7.97 per cent at INR 2831.27 crore as against INFR 2622.28 crore last year.

Sales volume surged by nearly 21 per cent at 111,078 MT during Q3FY25, as against 92023 MT in the same period last year. The company’s products cater to the automobile, aerospace, oil & gas, T&D, defence, solar and overall infrastructure space.

Commenting on the financial performance of the company during the quarter, Chairman, Goodluck India, MC Garg said, “We have been witnessing buoyant demand for our products across all sectors and this has helped shore up our sales significantly during the quarter. We have been able to register 8 per cent growth in revenues on the back of higher sales and increased offtake of high-margin value added products. This has helped boost our profitability. Moving forward, we expect the new hydraulic tube plant in Uttar Pradesh to generate additional revenues for the company. This, coupled with our increasing focus on value added products aimed at the defence and aerospace segments, is likely to give a huge boost to our margins in the coming quarters.”

The company inaugurated hydraulic tubes manufacturing unit with an installed capacity of 50,000 MT at Sikandrabad in Bulandshahr district in Uttar Pradesh. The highly specialised hydraulic tubes will replace seamless tubes and act as an import substitute thereby leading to significant savings on foreign exchange besides boosting the company’s topline and bottomline.

Goodluck India hopes to commence trial production at a new facility of its Subsidiary Company – M/s Goodluck Defence and Aerospace Limited at Sikandrabad by the first quarter of FY-26 (2025-26). The unit, which has a capacity to produce approximately 150,000 pieces per annum, will carry out the business of forging, machining, treatment and coating of steel, stainless and special steel, alloys, with a view to cater to the extensive needs of the defence and aerospace Industry.

The company, which had recently supplied and fabricated steel bridges for the high-speed bullet train project, expects a good demand for critical steel bridges in the country on the back of a recent government proposal to initiate feasibility studies for bullet train corridors in North, South and East India.

Goodluck India currently has six manufacturing facilities with a total capacity of 4,50,000 MT per annum spread across two states – Uttar Pradesh and Gujarat. The company has been strategically focused on high margin value-added products catering to high-growth segments such as auto, solar, railways and defence.