Goodluck India, a specialised engineered steel products manufacturer and exporter, on Monday reported a 26 per cent surge in its consolidated net profit to Rs 35.99 crore for the quarter ended June 30, 2024. Its Ebitda during April-June 2024 also rose 12.39 per cent year-on-year to Rs 79.65 crore.
Ebitda stands for earnings before interest, tax, depreciation and amortisation.
The company’s net profit had stood at Rs 28.59 crore in the corresponding period last year, according to a statement.
On a consolidated basis, Goodluck India’s operating income surged by 6.94% to Rs.904.83 crore during the quarter under review, compared to Rs.846.09 crore in a comparable quarter last year.
M C Garg, chairman of Goodluck India, highlighted the company’s current phase of robust growth, driven by a consistent demand for its products both domestically and internationally.
“To meet this escalating demand, particularly for high-value items, the company has been strategically expanding its production capabilities. This forward-thinking move has not only met the demand but also strengthened profit margins. The upcoming capacity for defence equipment is expected to further boost the company’s revenue and profit in the coming quarters,” he said.
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