New Delhi, Feb 3 (PTI) Steel products maker Goodluck India Ltd on Saturday posted a 72 per cent rise in its consolidated net profit at Rs 31.75 crore during the quarter ended December 2023, aided by higher income.

It had clocked a net profit of Rs 18.40 crore during the October-December period of preceding 2022-23 financial year, the company said in a statement.

Also Read | Indian Coast Guard Day 2024: Indian Coast Guard Celebrates 48th Raising Day in New Delhi.

The company's income also rose 24 per cent to Rs 878.27 crore from Rs 705.95 crore year on year.

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.

Also Read | CUET PG 2024 Exam: Registration Date for Common University Entrance Test Examination Extended Till February 7, Apply Online at pgcuet.samarth.ac.in.

These products are used by automobile manufacturers, infrastructure companies, and industries like engineering, oil and gas, among others.

(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)