Goodluck India’s third quarter net profit rose 72% to Rs 3.2 billion.

Steel products manufacturer Goodluck India Ltd on Saturday reported a 72% rise in consolidated net profit at Rs 31.75 billion for the quarter ended December 2023, driven by higher revenue. The company said in a statement that it had recorded a net profit of Rs 18.4 billion during the October-December period of the last financial year 2022-23.

The company’s revenue also increased by 24 per cent from Rs 705.95 crore to Rs 878.27 crore year-on-year.

Goodluck India manufactures a wide range of Engineering Steel Structures, Precision/Automatic Tubes, Defense and Aerospace Forgings, Cold Rolled (CR) Products and Galvanized Iron (GI) Pipes.

These products are used in industries such as automobile manufacturers, infrastructure companies, engineering, and oil and gas.

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