Goodluck India's Stellar Q3: Profit Soars 26% Amid Booming Demand

Goodluck India reported a 26% rise in net profit for Q3, driven by high-margin products and steady demand. The firm's operating income and sales volume also saw significant increases. Future growth is anticipated with the opening of a new plant in Uttar Pradesh catering to high-demand sectors.

Goodluck India, a prominent special steel manufacturer, announced a 26% increase in standalone net profit for the third quarter, totaling Rs 40.08 crore, attributed to high-margin, value-added products.

The company's operating income rose by 7% to Rs 941.98 crore, while sales volume surged 21%. A new hydraulic tube plant in Uttar Pradesh is expected to boost future revenue further.

Chairman MC Garg highlighted the growing demand across sectors and anticipated enhanced margins with the company’s focus on value-added products for defense and aerospace industries.

(With inputs from agencies.)