Goodluck India Reports 7.7% Revenue Growth in Q1, Awaits Defence License 3 days ago
Goodluck India Limited reported a 7.7% year-on-year growth in income from operations for Q1, reaching INR 983.29 crores. The company achieved a 12% volume growth, with overall volumes reaching 112,000 tonnes. EBITDA increased by 23.0% and Profit After Tax (PAT) grew by 16.5%. The value-added products segment increased by 24% year-on-year, while the solar structure segment achieved 100% growth. The company's defence subsidiary has established a plant capable of manufacturing 150,000 artillery shells annually, pending government license approval. Despite challenges in export markets, strong domestic sales growth offset these issues. Management maintains a 15-20% revenue growth guidance with expected EBITDA margins of 9.5-9.7%.
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