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Indian steel manufacturer Goodluck India announced its second quarter profit

Indian steelmaker Goodluck India made a statement on Monday and said that it increased its profit to Rs 34.70 billion in the quarter ended September 30 (PAT).

Indian steel manufacturer Goodluck India announced its second quarter profit

Goodluck India said on Monday that it earned PAT revenue of Rs 20.36 billion in the July-September period last year.

The company's total revenue increased by 13 percent to Rs 887.75 billion, compared to Rs 783.08 billion in the same period of 2022.

Goodluck India manufactures various engineered steel structures, precision/automatic pipes, forgings for defense and aerospace, CR (cold rolled) products and GI (galvanized iron pipes) pipes.

Earnings before interest, taxes, depreciation and amortization (EBITDA) were recorded at 71.43 billion rupees in the quarter under review, reaching 47.49 billion rupees in the second quarter of 2023, an annual increase of 50 percent.

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