Goodluck India reports 9.5% sales growth & 30.1% EBITDA rise in Q2 ’26
Filing Summary
Goodluck India Limited announced its financial results for Q2 FY26, reporting a 9.5% increase in sales volume and a 1.7% rise in total income. The company achieved an EBITDA growth of 30.1% and expanded its EBITDA margin by 214 basis points. Operational highlights include a 90% capacity utilization and strategic advancements in the defense sector. The company inaugurated a new manufacturing facility for artillery shells and entered a partnership for the AMCA program. These developments align with Goodluck India’s strategic focus on defense and aerospace sectors.
Goodluck India Limited has released its financial results for the second quarter of FY26, ending September 30, 2025. The company reported a 9.5% increase in sales volume, reaching 1,12,937 metric tons, and a total income of INR 9,975.9 million, marking a 1.7% year-over-year growth. The Board of Directors approved the standalone and consolidated unaudited financial results, which were reviewed by the statutory auditor. The trading window closure will end 48 hours after the results are made public.
The financial performance for Q2 FY26 showed a significant increase in EBITDA, which rose by 30.1% to INR 980.2 million. The EBITDA margin expanded by 214 basis points to 9.8%, attributed to a higher share of value-added products. The profit before tax was INR 570.5 million, and the adjusted profit after tax stood at INR 426.4 million, reflecting an 18.2% increase. The company maintained a strong financial position with a paid-up equity share capital of INR 664.77 million.
Operationally, Goodluck India achieved a 90% capacity utilization rate, indicating efficient manufacturing operations and consistent product demand. The company inaugurated a dedicated manufacturing facility for medium-caliber artillery shells, with an initial capacity of 1,50,000 shells per annum. This facility is expected to scale up to 4,00,000 shells annually within the next 12 months, supported by an investment of approximately INR 5,000 million. The company is actively negotiating with domestic and international customers for these products.
The timeline for the expansion of the artillery shell manufacturing facility includes an initial phase of commercial production starting in October 2025. The company plans to increase production capacity over the next year, aligning with its strategic investment commitments under the ‘UP Nivesh’ initiative. This initiative involved a Memorandum of Understanding with the Government of Uttar Pradesh, committing an investment of INR 5,000 million.
Goodluck India’s strategic initiatives involve multiple entities. The company operates through its subsidiaries, including Goodluck Defence & Aerospace Ltd, which has received an industrial license for manufacturing artillery shells. The company also entered a Tripartite Memorandum of Understanding with BrahMos Aerospace Thiruvananthapuram Ltd and Axiscades Technologies Ltd to collaborate on the Advanced Medium Combat Aircraft program, focusing on systems integration and defense manufacturing.
In the context of market relevance, Goodluck India’s advancements in the defense and aerospace sectors align with India’s Atmanirbhar Bharat vision. The company’s involvement in the AMCA program and its strategic investments in defense manufacturing position it as a key player in India’s manufacturing ecosystem. These developments are expected to unlock new revenue streams and enhance the company’s leadership in precision engineering.
Goodluck India Limited is a premier engineering solutions provider specializing in manufacturing defense products, high-end forgings, and precision tubing. The company operates six manufacturing plants across Uttar Pradesh and Gujarat, with a total capacity of 500,000 metric tons. Goodluck India is committed to innovation and technological advancement, serving over 600 customers globally and exporting to more than 100 countries.