Latest News | Goodluck India Q1 Net Profit Rises to Rs 35 Cr

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.

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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.

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"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.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)