Goodluck India Reports Q2 FY26 Results with Strategic Milestones
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 significant milestones in the defence and aerospace sectors, including an industrial license for manufacturing artillery shells. The EBITDA grew by 30.1%, with a margin expansion of 214 basis points. Goodluck India entered a strategic partnership for the AMCA program, enhancing its aerospace capabilities. The company operates six manufacturing plants, focusing on high-margin, value-added products.
Goodluck India Limited has released its financial results for the second quarter of FY26, ending September 30, 2025. The company reported a 9.5% year-on-year increase in sales volume, reaching 1,12,937 metric tonnes. Total income for the quarter was recorded at INR 9,976 million, marking a 1.7% increase from the previous year. The company highlighted strategic developments in its defence and aerospace sectors, which are expected to contribute to its long-term growth.
Financially, Goodluck India reported an EBITDA of INR 980 million, reflecting a 30.1% increase year-on-year. The EBITDA margin expanded by 214 basis points to 9.8%. The profit before tax (PBT) stood at INR 571 million, an 18.6% increase from the previous year. The adjusted profit after tax (PAT) was INR 426 million, showing an 18.2% rise. The company attributed these financial improvements to a higher share of value-added products and efficient operational management.
Operationally, Goodluck India achieved a capacity utilisation rate of approximately 90% on an annualised basis. The company has made significant strides in the defence sector through its subsidiary, Goodluck Defence & Aerospace Ltd. It received an industrial license for manufacturing medium-caliber artillery shells, with an initial production capacity of 1,50,000 shells per annum. Plans are in place to scale this capacity to 4,00,000 shells annually within the next 12 months, supported by an investment of INR 5,000 million.
The timeline for these developments includes the formal inauguration of the dedicated manufacturing facility in October 2025. The company is actively negotiating with domestic and international customers to meet the growing demand for its artillery shells. Goodluck India has also fulfilled its investment commitment under the ‘UP Nivesh’ initiative, having signed a Memorandum of Understanding with the Government of Uttar Pradesh.
In terms of partnerships, Goodluck India has entered into a Tripartite Memorandum of Understanding with BrahMos Aerospace Thiruvananthapuram Ltd and Axiscades Technologies Ltd. This collaboration focuses on the Advanced Medium Combat Aircraft (AMCA) program, aiming to enhance India’s aerospace capabilities. The consortium has filed an Expression of Interest for participation in the AMCA program initiated by the Aeronautical Development Agency.
Goodluck India’s strategic focus on the defence and aerospace sectors aligns with its broader business objectives. The company operates six manufacturing plants across Uttar Pradesh and Gujarat, with a combined annual capacity of 500,000 metric tonnes. Approximately 57% of this capacity is dedicated to high-margin, value-added products. The subsidiary, Goodluck Defence & Aerospace Ltd, contributes significantly to the company’s manufacturing ecosystem, particularly in the defence sector.
About Goodluck India Limited: Founded in 1986, Goodluck India Limited specializes in engineering solutions, including the manufacturing of defence products, high-end forgings, and precision tubing. The company serves over 600 customers globally and exports to more than 100 countries. Goodluck India focuses on strategic investments in technology and product diversification, maintaining a strong commitment to quality and innovation.