Goodluck India Q1 Profit Rises 22% to Rs 35 cr
By Rediff Money Desk, New Delhi Jul 29, 2024 17:38
Goodluck India's net profit for the June 2024 quarter surged 22% to Rs 34.99 crore, driven by higher income and increased demand for steel products.
New Delhi, Jul 29 (PTI) Steel products maker Goodluck India on Monday posted a 22 per cent rise in consolidated net profit to Rs 34.99 crore during the June 2024 quarter, helped by higher income.
It had clocked Rs 28.59 crore profit in the year-ago period, the company said in an exchange filing.
The company's total income rose to Rs 917.73 crore from Rs 859.05 crore in the April-June period of FY2023-24.
The expenses stood at Rs 869.87 crore against Rs 818.92 crore a year ago.
"The phase of robust growth was driven by a consistent demand for our products both domestically and internationally. To meet this escalating demand, particularly for high-value items, the company has been strategically expanding its production capabilities," M C Garg, Chairman of Goodluck India, said.
Goodluck India manufactures a wide range of engineered steel structures, precision/ auto tubes, forging for defence and aerospace, CR (cold rolled) products and GI (galvanised iron pipes) pipes.
It had clocked Rs 28.59 crore profit in the year-ago period, the company said in an exchange filing.
The company's total income rose to Rs 917.73 crore from Rs 859.05 crore in the April-June period of FY2023-24.
The expenses stood at Rs 869.87 crore against Rs 818.92 crore a year ago.
"The phase of robust growth was driven by a consistent demand for our products both domestically and internationally. To meet this escalating demand, particularly for high-value items, the company has been strategically expanding its production capabilities," M C Garg, Chairman of Goodluck India, said.
Goodluck India manufactures a wide range of engineered steel structures, precision/ auto tubes, forging for defence and aerospace, CR (cold rolled) products and GI (galvanised iron pipes) pipes.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 3.00 ( -0.99)
- 156571997
- Vodafone Idea L
- 16.06 (+ 0.50)
- 58130850
- Khoobsurat
- 1.87 ( 0.00)
- 51842496
- Toyam Sports
- 3.93 (+ 4.80)
- 37849039
- AvanceTechnologies
- 0.94 ( -4.08)
- 33244499
MORE NEWS
![EPS-95 Pensioners...](https://im.rediff.com/80-80/money/2021/feb/19pension.jpg)
EPS-95 Pensioners Protest for Hike in Delhi
EPS-95 pensioners will protest in Delhi on July 31 demanding a minimum monthly pension...
SEBI Launches AI Chatbot 'SEVA' for Investors
SEBI has launched a chatbot, 'SEVA', to assist investors with information on the...
![Tata Steel...](https://im.rediff.com/80-80/money/2016/apr/21steel.jpg)
Tata Steel Acquires 557 Cr Shares in Singapore...
Tata Steel has acquired over 557 crore equity shares in its Singapore-based arm, T...