Goodluck India FY26 profit rises 10.2%, recommends dividend
Goodluck India reported a 10.2% increase in net profit to ₹1,825.8 crore for FY26, driven by a 26% rise in EBITDA to ₹4,184.9 crore and margin expansion. The company recommended a final dividend of ₹3.00 per share and highlighted strategic milestones in defence exports and solar structures.

*this image is generated using AI for illustrative purposes only.
Goodluck India has reported its audited consolidated financial results for the financial year ended March 31, 2026, posting a net profit of ₹1,825.8 crore compared to ₹1,656.3 crore in the previous year. The company recorded a strong improvement in profitability, with EBITDA rising 26% to ₹4,184.9 crore and EBITDA margins expanding by 176 basis points to 10.2%. This performance was driven by an improved product mix, operational efficiencies, and a strategic shift towards high-margin value-added products. The Board of Directors has recommended a final dividend of ₹3.00 per equity share for the financial year 2025-26, subject to shareholder approval.
FY26 Financial Performance
The company recorded a total income of ₹4,120.52 crore for FY26, up from ₹3,957.21 crore in FY25. Profit before tax (PBT) increased by 18.7% to ₹2,456.3 crore. Earnings per share (EPS) improved to ₹56.07 from ₹50.66 in the previous year, while cash profit for the year stood at ₹2,496.1 crore, marking an 18.5% increase over the previous year.
Q4 FY26 Results
For the quarter ended March 31, 2026, the company reported a net profit of ₹561.0 crore, an increase of 33.9% from ₹419.0 crore in the same quarter of the previous year. EBITDA for the quarter surged 30.9% to ₹1,218.4 crore, with margins expanding by 274 basis points to 11.1%. Total income for the quarter stood at ₹1,097.19 crore.
Key Financial Metrics
| Particulars (INR Mn) | Q4 FY26 | Q4 FY25 | YoY % | FY26 | FY25 | YoY % |
|---|---|---|---|---|---|---|
| Total Income | 10,971.9 | 11,129.9 | -1.4% | 41,205.2 | 39,572.1 | 4.1% |
| EBITDA | 1,218.4 | 930.5 | 30.9% | 4,184.9 | 3,321.6 | 26.0% |
| Net Profit | 561.0 | 419.0 | 33.9% | 1,825.8 | 1,656.3 | 10.2% |
| EBITDA Margin (%) | 11.1% | 8.4% | +274 bps | 10.2% | 8.4% | +176 bps |
Operational Highlights
Goodluck India recorded a total sales volume of 4,68,161 MT during FY26, marking a YoY growth of 5.8%. The company maintained an annualised capacity utilisation rate of approximately 94%. The strong EBITDA growth was supported by increasing contributions from precision engineering businesses and value-added products. Solar structure volume grew by approximately 33% in Q4FY26.
Strategic Developments
During FY26, Goodluck Defence & Aerospace Ltd achieved a strategic milestone by commencing its first overseas dispatch of 155 mm heavy calibre empty shells, marking its entry into the global defence supply chain. The company also strengthened its export infrastructure business by securing an order from an EPC player in Nepal for a 400 kV Double Circuit transmission line project.
Manufacturing Footprint
Goodluck India operates six advanced manufacturing plants across Uttar Pradesh and Gujarat with a combined annual capacity of 500,000 MT, of which approximately 57% is dedicated to high-margin products. Its subsidiary, Goodluck Defence & Aerospace Ltd, operates a defence manufacturing plant with an annual capacity of 1,50,000 shells, which is being expanded to 400,000 shells per annum.
Board Approvals
In its meeting held on May 26, 2026, the Board approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. Additionally, the Board appointed M/s V.K. Surana & Co. as the Internal Auditor and Mr. Surendra Rai Kapur as the Cost Auditor for the financial year 2026-27. The trading window closure will end 48 hours after the results are made public.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE127I01024/18cf3e5df63f499f.pdf
Historical Stock Returns for Goodluck India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.84% | -0.17% | +2.48% | +21.99% | +39.94% | +1,111.87% |
How will the expansion of the defence manufacturing plant capacity from 150,000 to 400,000 shells impact revenue contributions from the Goodluck Defence & Aerospace subsidiary in FY27?
Can the 94% capacity utilisation rate be sustained in the coming year, and are there plans for further capital expenditure to increase overall manufacturing capacity?
What is the expected timeline for realizing revenue from the 400 kV Double Circuit transmission line project secured in Nepal, and will this drive further export infrastructure orders?


































