Engineering solutions provider’s Stock Jumps 10 percent following the announcement of the Chairman that they are making a strategic expansion into the emerging sector that are Defence & Aerospace.
Share Price Movement
With a market capitalization of Rs. 2,370 Crore, the stock of Goodluck India opened at Rs. 720, up 8.76 percent from yesterday’s close, and after opening, it made a high of Rs. 728, up 9.96 percent. Additionally, the Yearly return for the stock is -22 percent, and the past 5-year return is an impressive 2,464 percent.
Update From Company
The company has posted its Q4 Business Update for FY25, where they achieved a volume growth of approximately 12.75 percent compared to the previous quarter. On a year-on-year basis, they recorded a 19 percent growth.
The company states that the quarterly growth was attributable to strong demand across business segments. The yearly growth was attributable to increased sales in high-margin value-added products and expanded international market reach.
The Chairman of the company stated that in addition to the growth in transformative industries like Infrastructure, Solar, Renewable Energy, Railways, and Advanced Engineering Solutions, they are strategically expanding into emerging sectors like Defence and Aerospace, further strengthening their position in the market.
Financial Highlights
The company reported a 7.28 percent YoY increase in revenue from Rs. 878 Crore in Q3FY24 to Rs. 942 Crore in Q3FY25. On a QoQ basis, the company reported a decrease of 3.48 percent in revenue from Rs. 976 Crore in the previous quarter.
Their Net profit saw an increase of 28.12 percent YoY from Rs. 32 Crore to Rs. 41 Crore for the same period. On a QoQ basis, the company reported a decrease of 28.12 percent in Net profit from Rs. 47 Crore in the previous quarter.
About The Company
Founded in 1986, Goodluck India Limited is a premier engineering solutions provider specializing in the manufacturing of ERW Steel Pipes, Hollow Sections, CR Coils, CDW Tubes, Forgings & Flanges, Telecom &
Transmission Line Towers, Substation Structures, Bridges for Road & Railways, and Road Safety Equipment.
Good luck. India has evolved from a traditional manufacturer to a diversified engineering solutions provider with a strong presence in high-growth sectors such as Automotive, Solar, Railways, Defence, and Infrastructure.
Written By Abhishek Das
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