NSEAnalysts/Institutional Investor Meet/Con. Call Updates2d ago · 4 Nov 2026, 04:03 pm
Analysts/Institutional Investor Meet/Con. Call Updates
Goodluck India Limited · GOODLUCK
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Goodluck India Limited has submitted the transcript of its Q2 and H1 FY27 earnings call, where the company reported a 38% year-on-year growth in consolidated total income and 31% growth in EBITDA for Q2 FY27, and 34% growth in total income and 38% growth in EBITDA for H1 FY27.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10
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Goodluck India Limited has informed the Exchange about Transcript
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GOODLUCK_04112026160342_GoodluckIndia_Transcript_Oct31_2026.pdf
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Date: November 04, 2026
The Manager, DCS
The Bombay Stock Exchange Ltd. The Manager
Phiroze jeejeebhoy Towers, National Stock Exchange of India Ltd.
Dalal Street, Exchange Plaza, C-1, Block G,
Mumbai Bandra Kurla Complex,
Bandra (E), Mumbai – 400 051
Ref: Scrip Code: - 530655
Scrip Code: - GOODLUCK
Sub: Submission of Transcript of Earnings Call held on October 31, 2026 in respect of the
Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year
ended September 30, 2026
Dear Sir/ Madam,
As earlier informed, a Conference Call with the investors and analysts held on Saturday, 31st October,
2026 at 11:30 A.M. I.S.T, to discuss the Q2 and H1 FY 2027 results of the Company.
In this regard, please find enclosed herewith the transcript of the aforesaid Earnings Call for your
information and records.
The transcript of the Earnings Call is also available on the website of the Company at the
following link:
https://www.goodluckindia.com/investors-news.php
This is for your information and record.
Thanking You,
For GOODLUCK INDIA LIMITED
(Abhishek Agrawal)
Company Secretary
M.No. A20983
Encl: as above
“Goodluck India Limited
Q2 & H1 FY27 Post-Earnings Conference Call”
October 31, 2026
MANAGEMENT: MR. M. C. GARG – CHAIRMAN – GOODLUCK INDIA
LIMITED
MR. RAM AGGARWAL – CHIEF EXECUTIVE OFFICER --
GOODLUCK INDIA LIMITED
MR. ASHOK VASHISHT – GROUP CHIEF FINANCIAL
OFFICER – GOODLUCK INDIA LIMITED
MR. SANJAY BANSAL– CHIEF FINANCIAL OFFICER –
GOODLUCK INDIA LIMITED
MR. ABHISHEK AGGARWAL– COMPANY SECRETARY–
GOODLUCK INDIA LIMITED
VINAY PANDIT, INVESTOR RELATIONS (KAPTIFY)
Page 1 of 18
Goodluck India Limited
October 31, 2026
Moderator: Ladies and gentlemen, good day and welcome to the Goodluck India Limited Q2 and H1 FY27
Post-Earnings Conference Call. As a reminder, all participant lines will be in the listen-only
mode and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during the conference call, please signal an operator by pressing star
then zero on your touchtone phone. Please note that this conference is being recorded.
I would now like to invite the management team to give their opening remarks, post which we
will open the floor for question-and-answer session. Thank you, and over to you, sir.
M.C. Garg: Good morning, ladies and gentlemen. It gives me great pleasure to welcome you all to the
Goodluck India Limited Q2 and H1 FY27 earning conference call. I would like to begin by
thanking our shareholders, investors, customers, business partner and employee for their
continued trust and confidence in the company.
I take this opportunity to wish all of them a Happy Diwali a week now from now. We are pleased
to report a healthy performance during the second quarter and first half of FY27. Our
performance reflects the resilience our core engineering businesses, our ability to capitalize on
emerging opportunities, our continued focus on building a stronger, more diversified, and future-
ready organization.
During Q2 FY27, our consolidated total income grew by approximately 38% year-on-year, while
EBITDA increased by 31%. For the first half of FY27, total income grew by 34%, EBITDA by
38%, and net profit by 42% year-on-year. These numbers demonstrate underlying strength of
our business and progress we are making towards our long-term growth objective. In export, we
grew by 38% in H1 FY27.
India is witnessing significant investment in infrastructure, power transmission, railways,
renewable energy, automotive, manufacturing, defence. This sector requires high-quality,
precision-engineered, technically advanced products which align closely with our
manufacturing capabilities and strategic priorities.
We are also taking steps toward creating a more integrated corporate structure, by proposing the
amalgamation of Goodluck Defence and Aerospace India Limited and Goodluck Green Energy
with Goodluck India Limited. This initiative is intended to bring our Goodluck Engineering,
Defence, and Green Energy business under a common corporate umbrella, improve strategic
alignment, and create a more efficient organizational structure.
The detailed terms and financial implications of the proposed scheme are currently under
evaluation. Our philosophy remains clear: we want to grow responsibly, strengthen our
technological and manufacturing capabilities, maintain financial discipline, and create
sustainable value for our stakeholders.
As we move into second half of FY27, we remain confident about our opportunities. Our
established engineering businesses, expanding export presence, and investment in defence and
other emerging areas provide us with multiple avenues for long-term growth. I would like to
once again thank our employees for their dedication and our investors for their continued
Page 2 of 18
Goodluck India Limited
October 31, 2026
support. With that, I would now request our CEO to take you through the operational
performance and business development in greater detail. Thank you.
Ram Aggarwal: Thank you, sir, and a very good morning to all participants. I am happy to share the operational
performance and business developments of Goodluck India Limited for Q2 and H1 FY27. We
have delivered a strong performance during the period, driven by healthy demand across our
core engineering businesses, higher volumes, and an improved contribution from value-added
products.
Our consolidated sales volume during Q2 FY27 stood at 1,33,374 tons, registering a Y-o-Y
growth of 18.1% For H1 FY27, sales volume reached 2,56,093 tons, representing a growth of
13.5%. This growth reflects our continued focus on customer relationship, timely execution,
product quality, and expanding our business across domestic and international markets.
Our product portfolio includes precision-engineered auto steel tubes and pipes, structural
products, artillery shells and other specialized engineering products. We continue to focus on
developing products that offer great world to customers through superior quality, precision,
consistency and application specific engineering capability.
During the quarter, growth was supported by higher sales of value-added products. Our strategy
is to continuously improve the quality of our product mix, increase the share of specialized
products and strengthen our position in segments where technical capabilities and manufacturing
reliabilities provide a competitive advantage.
We believe, this approach will help us achieve sustainable growth. If we talk of infrastructure
and power transmission, the increasing requirement for transmission infrastructure including
high voltage and extra high voltage application provides opportunity for our specialized
structural engineering product portfolio.
Similarly, the railway sector remains an important market for us, with opportunities arising from
ongoing railway modernization, infrastructure development, and increased demand for quality
engineered components and products like our bullet train. We remain focused on strengthening
our presence in these sectors through product development, manufacturing excellence, and
efficient execution.
Our automotive engineering business continues to benefit from the demand for precision-
engineered and quality-certified products. As you know, we are focused on maintaining our
manufacturing standards, improving productivity, and developing products in line with evolving
customer requirements.
Our diversified customer base across industries provides resilience to our business and reduces
our dependence on any single end-user sector. Export remains an important growth sector driver
for Goodluck India. During H1 FY27, as Garg Sahab has told, our export revenue grew by
approximately 38% year-on-year and contributed around 28% of our total volumes.
Page 3 of 18
Goodluck India Limited
October 31, 2026
We continue to see opportunities in international markets, particularly for specialized
engineering and value-added products
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