The company registered sales volume of 72,273 metric tonnes in Q3 FY22, up 9.81% QoQ and 16.90% YoY. Better availability of raw material coupled with strong growth in exports sales led to higher overall sales volume.
Exports accounted for 32% of the total sales volume in Q3 FY22 as against 22% in Q3 FY21.
Contribution form value added segments, viz – precision tubes, forging and engineering structures Increased to 53% in Q3 FY22 from 49% in Q3 FY21.
Goodluck India is engaged in manufacturing and exporting a wide range of specialised engineering structures, forgings, precision tubes, CR coils and pipes & tubes.
The companys consolidated net profit rose 78.22% to Rs 17.02 crore on a 52.08% increase in sales to Rs 626.28 crore in Q2 FY22 over Q2 FY21.
The scrip rose 0.76% to currently trade at Rs 362.55 on the BSE.
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