Goodluck India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 30, 2023
February 01, 2024 at 03:01 am EST
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Goodluck India Limited reported earnings results for the third quarter and nine months ended December 30, 2023. For the third quarter, the company reported sales was INR 8,694.57 million compared to INR 7,008.13 million a year ago. Revenue was INR 8,797.3 million compared to INR 7,110.94 million a year ago. Net income was INR 317.67 million compared to INR 184 million a year ago. Basic earnings per share from continuing operations was INR 11.38 compared to INR 7.02 a year ago. Diluted earnings per share from continuing operations was INR 11.38 compared to INR 7.02 a year ago.
For the nine months, sales was INR 25,912.34 million compared to INR 22,847.2 million a year ago. Revenue was INR 26,265.33 million compared to INR 23,198.29 million a year ago. Net income was INR 950.52 million compared to INR 598.4 million a year ago. Basic earnings per share from continuing operations was INR 34.6 compared to INR 22.96 a year ago. Diluted earnings per share from continuing operations was INR 34.6 compared to INR 22.96 a year ago.
Goodluck India Limited is an India-based company, which is engaged in manufacturing and exporting precision engineering steel, a range of specialty engineering structures, precision/auto tubes, forging for defense and aerospace, CR products and GI pipes. It is in the business of manufacturing steel products. Its products include ERW Precision and CDW Tubes, Forged Flanges, and Custom Forgings, Power and Telecom Towers, Solar Structures, ERW Hot Dip Galvanized Pipes, Black Pipes, Black and GI Hollow Sections, CR Coils, CRCA, Road Safety Product Galvanized Plain and Corrugated Sheets. The products are being used by end-customers, such as automobile manufacturers, infrastructure, engineering industries, defense, aerospace, oil and gas industries and others. It has a presence in 100 countries across the globe with a well-knit global network. It has a manufacturing capacity of 4,12,000 MT per annum, and it has manufacturing facilities at Sikandrabad in Uttar Pradesh and Kutch, Gujarat.
GOODLUCK INDIA LIMITED 
