Goodluck India Limited, a leading manufacturer of precision engineered steel products, has reported a 7.7% year-on-year growth in income from operations for Q1, reaching INR 983.29 crores. The company's performance showcases resilience amidst challenging market conditions, with significant growth in domestic sales offsetting subdued export markets.

Financial Highlights

All financial figures in INR crores, except EPS in INR

Operational Performance

Goodluck India achieved a 12% volume growth, with overall volumes reaching 112,000 tonnes compared to 102,000 tonnes in the previous year. The company's diversified product portfolio helped maintain growth despite challenges in the export market.

Segment-wise Performance

• Value-added products: Increased by 24% year-on-year
• Non-value-added segment: Showed minimal growth
• Solar structure segment: Achieved 100% growth year-on-year

Defence Subsidiary Update

Goodluck Defence and Aerospace, a subsidiary of the company, has established a plant capable of manufacturing 150,000 artillery shells (155mm M107) annually. The facility has an expected revenue potential of INR 270-275 crores at full capacity. However, production remains pending government license approval.

Market Challenges and Outlook

The company faced headwinds in export markets due to geopolitical tensions and tariff uncertainties. However, strong domestic sales growth helped offset these challenges. Management maintains a 15-20% revenue growth guidance, expecting overall EBITDA margins of 9.5-9.7%.

Ram Aggarwal, CEO of Goodluck India, commented, "Despite the headwinds geopolitically, your company has fared well on almost all fronts. Our USP is continuous reshuffling of products and markets to take over the market changing conditions."

Future Plans

The company is focusing on increasing its presence in the solar structure segment and expanding its infrastructure business, targeting a 20% increase in sales volume in the infrastructure sector this financial year. Goodluck India is also making efforts to increase its market reach in the defence sector, with plans to expand its product range in the future.

As Goodluck India continues to navigate through market volatilities and awaits the crucial defence production license, investors will be keenly watching the company's performance in the coming quarters and its ability to maintain the projected growth trajectory.

Goodluck India Limited , a leading manufacturer of high-quality engineering solutions, has announced robust financial results for the first quarter, demonstrating strong growth and operational excellence.

Financial Highlights

The company reported a significant increase in its Q1 revenue, which rose to ₹9,832.90 million, up from ₹9,130.80 million in the same quarter of the previous year, marking a 7.70% year-on-year growth. This performance was underpinned by a substantial improvement in EBITDA, which grew by 23.40% to reach ₹957.80 million, compared to ₹776.00 million in the previous year's Q1.

Goodluck India's profitability also saw a notable uptick, with Profit After Tax (PAT) increasing by 16.50% to ₹401.40 million. The company's EBITDA margin expanded to 9.70% from 8.50% in the previous year, reflecting enhanced operational efficiency and a focus on high-margin products.

Operational Performance

The company achieved a total sales volume of 112,741 MT in Q1, representing a robust year-on-year growth of 11.60%. This increase was driven by strong demand for high-margin, value-added products and expanding exports to key international markets.

Goodluck India's manufacturing facilities demonstrated high efficiency, with overall plant utilization standing at a healthy 90% (annualized), indicating strong customer demand across segments.

Strategic Initiatives and Outlook

The company's recently commissioned hydraulic tubes plant in Bulandshahr made a meaningful contribution to Q1 results. This facility is part of an import-substitute initiative aimed at reducing India's reliance on seamless tube imports while enhancing Goodluck's margin profile.

In line with India's green energy push, Goodluck India has augmented its solar support structure capacity, positioning itself as a stronger partner in the nation's sustainable energy mission.

Looking ahead, the company has set ambitious targets, aiming for double-digit revenue growth and margin improvement. These goals are supported by the ramp-up of new facilities and ongoing strategic investments in high-growth sectors.

Management Commentary

Mr. Mahesh Chandra Garg, Chairman of Goodluck India Limited, expressed satisfaction with the company's performance, stating, "We are pleased to begin the fiscal year on a strong footing with a strong Q1 performance across key financial and operational metrics. This quarter reflects the positive impact of our recent capacity expansions and continued focus on high-margin, value-added products. Our commitment to innovation, execution excellence, and customer-centric growth continues to drive momentum."

Goodluck India Limited continues to leverage its expanded capacities and specialized capabilities to tap into high-growth sectors such as automotive, aerospace, transmission & distribution, defence, and infrastructure. With its strategic focus on innovation and market expansion, the company is well-positioned to capitalize on emerging opportunities in the engineering solutions sector.

Note: This article is based on the company's official financial results and statements for Q1, as reported on July 22, 2025.