Steel products manufacturer Goodluck India reported a 22 percent increase in consolidated net profit to Rs 34.99 crore for the June 2024 quarter, up from Rs 28.59 crore in the same period last year.
The company’s total income grew to Rs 917.73 crore, compared to Rs 859.05 crore in the April-June quarter of FY2023-24. Expenses also increased to Rs 869.87 crore, up from Rs 818.92 crore a year ago.
Chairman M C Garg attributed the growth to sustained demand for the company’s products both domestically and internationally. To address the rising demand, particularly for high-value items, the company has been expanding its production capabilities.
Goodluck India specializes in a range of engineered steel products, including precision and auto tubes, forgings for defense and aerospace, cold-rolled products, and galvanized iron (GI) pipes.
