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Specialised
engineered steel products manufacturer, Goodluck India net sales (including
other operating income) has increased 7.25% to Rs 941.98 crore. Sales volume surged by nearly 21% at 111,078
tonne during Q3FY25, as against 92023 tonne same period last year.
Operating
profit margin has jumped from 8.45% to 8.51%, leading to 7.98% rise in
operating profit to Rs 80.15 crore. Raw
material cost as a % of total sales (net of stock adjustments) increased from
72.55% to 73.50%. Employee cost
decreased from 4.24% to 4.13%. Other
expenses fell from 15.06% to 14.32%.
Other
income rose 171.23% to Rs 3.96 crore.
PBIDT rose 11.12% to Rs 84.11 crore.
Provision for interest fell 5.03% to Rs 20.01 crore.
PBDT
rose 17.36% to Rs 64.1 crore. Provision
for depreciation rose 20.37% to Rs 10.28 crore.
Profit
before tax grew 16.80% to Rs 53.82 crore.
Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 12.63
crore, compared to Rs 14.31 crore.
Effective tax rate was 23.47% compared to 31.05%.
Minority
interest was nil in both the periods.
Net profit attributable to owners of the company increased 28.96% to Rs
40.97 crore on the back of a steady
demand and increased share of high-margin value added products. Promoters’
stake was 55.78% as of 31 December 2024 ,compared to 56.45% as of 31 December
2023.
Commenting on the
financial performance of the company during the quarter, Mr. M C Garg,
chairman, Goodluck India, said,
“We have been witnessing buoyant demand for our products across all sectors and
this has helped shore up our sales significantly during the quarter. We have
been able to register a 8 percent growth in revenues on the back of higher
sales and increased offtake of
high-margin value added products. This has helped boost our profitability.
Moving forward, we expect the new hydraulic tube plant in Uttar Pradesh to
generate additional revenues for the company. This, coupled with our increasing
focus on value added products aimed at the defence and aerospace segments, is
likely to give a huge boost to our margins in the coming quarters.”
Other developments
The
company recently inaugurated hydraulic tubes manufacturing unit with an
installed capacity of 50,000 MT at Sikandrabad in Bulandshahr district in Uttar
Pradesh. The highly specialised hydraulic tubes will replace seamless tubes and
act as an import substitute thereby leading to significant savings on foreign
exchange besides boosting the company’s topline and bottomline.
Goodluck
India hopes to commence trial production at new facility of its Subsidiary
Company - M/s Goodluck Defence and Aerospace Limited at Sikandrabad by the
first quarter of FY-26 (2025-26). The unit, which has a capacity to produce
approximately 150,000 pieces per annum, will carry out the business of forging,
machining, treatment and coating of steel, stainless and special steel, alloys,
with a view to cater to the extensive needs of Defence & Aerospace
Industry.
The
company, which had recently supplied and fabricated steel bridges for the high-speed
bullet train project, expects a good demand for critical steel bridges in the
country on the back of recent government proposal to initiate feasibility
studies for bullet train corridors in North, South and East India.
Goodluck
India currently has six manufacturing facilities with a total capacity of
4,50,000 tonne per annum spread across two states - Uttar Pradesh and Gujarat.
The company has been strategically focused on high margin value-added products
catering to high-growth segments such as auto, solar, railways and defence.
For year-to-date (YTD)
results analysis
Net
sales (including other operating income) of Goodluck India has increased 7.97%
to Rs 2831.27 crore.
Operating
profit margin has declined from 8.24% to 7.99%, leading to 4.71% rise in
operating profit to Rs 226.16 crore. Raw
material cost as a % of total sales (net of stock adjustments) decreased from
73.25% to 72.66%. Employee cost
increased from 4.31% to 4.43%. Other
expenses rose from 14.37% to 14.94%.
Other
income rose 534.12% to Rs 26.95 crore.
PBIDT rose 14.92% to Rs 253.11 crore.
Provision for interest fell 5.66% to Rs 58.67 crore. PBDT
rose 23.02% to Rs 194.44 crore.
Provision for depreciation rose 18.42% to Rs 30.66 crore.
Profit
before tax grew 23.93% to Rs 163.78 crore.
Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 40.05
crore, compared to Rs 37.11 crore.
Effective tax rate was 24.45% compared to 28.08%.
Minority
interest was nil in both the periods.
Net profit attributable to owners of the company increased 29.29% to Rs
122.89 crore.
Promoters’
stake was 55.78% as of 31 December 2024 ,compared to 56.45% as of 31 December
2023 .
The
scrip trades at Rs 848
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Goodluck India : Consolidated Results
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Particulars
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2412 (03)
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2312 (03)
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Var.(%)
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2412 (09)
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2312 (09)
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Var.(%)
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2403 (12)
|
2303 (12)
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Var.(%)
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Net Sales
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941.98
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878.27
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7
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2,831.27
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2,622.28
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8
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3,524.77
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3,072.01
|
15
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OPM (%)
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8.5
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8.5
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|
8.0
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8.2
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8.0
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6.7
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|
|
OP
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80.15
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74.23
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8
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226.16
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215.99
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5
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282.24
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204.37
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38
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Other Inc.
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3.96
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1.46
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171
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26.95
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4.25
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534
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12.95
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14.79
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-12
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PBIDT
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84.11
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75.69
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11
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253.11
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220.24
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15
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295.19
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219.16
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35
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Interest
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20.01
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21.07
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-5
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58.67
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62.19
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-6
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77.48
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65.52
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18
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PBDT
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64.1
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54.62
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17
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194.44
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158.05
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23
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217.71
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153.64
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42
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Depreciation
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10.28
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8.54
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20
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30.66
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25.89
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18
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35.29
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32.59
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8
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PBT
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53.82
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46.08
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17
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163.78
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132.16
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24
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182.42
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121.05
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51
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Share of Profit/(Loss) from Associates
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0
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0
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0
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0
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0
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0
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PBT before EO
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53.82
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46.08
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17
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163.78
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132.16
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24
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182.42
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121.05
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51
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EO Income
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0
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0
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|
0
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0
|
|
0
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0
|
|
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PBT after EO
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53.82
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46.08
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17
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163.78
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132.16
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24
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182.42
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121.05
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51
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Taxation
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12.63
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14.31
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-12
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40.05
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37.11
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8
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50.15
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33.25
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51
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PAT
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41.19
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31.77
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30
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123.73
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95.05
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30
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132.27
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87.8
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51
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Minority Interest (MI)
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0.22
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0
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0.84
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0
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0.34
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0
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Net profit
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40.97
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31.77
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29
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122.89
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95.05
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29
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131.93
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87.8
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50
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EPS (Rs)*
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#
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#
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#
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#
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41.6
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27.7
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Notes
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* EPS is on current equity of Rs 6.35 crore, Face value of Rs 2,
Excluding extraordinary items.
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# EPS is not annualised
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bps : Basis points
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EO : Extraordinary items
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Figures in Rs crore
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Source: Capitaline Corporate Database
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