Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹1,097 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Goodluck India reported Q4 FY26 consolidated revenue of ~₹1,097 crore, with PAT up 34% YoY to ₹56 crore. EBITDA margins expanded to 10.2%, driven by a higher share of value-added products like defense shells and hydraulic tubes. For FY26, consolidated revenue was ₹4,100 crore (up 4.2% YoY) and PAT grew 10.2% to ₹182.58 crore. Management guided for 14-15% revenue growth in FY27, supported by defense revenue of ₹250-300 crore (75-80% capacity utilization of 1.5 lakh shells) and capacity expansion to 6 lakh tonnes. However, near-term risks include supply chain disruptions from the West Asia crisis and elevated working capital due to inventory buildup. The company remains confident of sustaining EBITDA margins above 10%.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects consolidated revenue growth of 14-15% in FY27, driven by defense and value-added products.
- With 75-80% utilization of current 1.5 lakh shell capacity, defense revenue is expected to be ₹250-300 crore.
- Adding 40,000-45,000 tonnes capacity in GI conduit pipes and fork tubes within 9-12 months.
- Management reiterated that normalized defense EBITDA margins will be 30-35%, not the elevated Q4 level.
Risks flagged
- Geopolitical tensions have delayed dispatches and increased inventory, impacting working capital and near-term margins.
- Net debt stood at ~₹1,000 crore (₹800 crore working capital + ₹200 crore term loans) due to inventory buildup; management aims to reduce but no clear timeline.
- Management declined to provide shell realizations or order book details, citing dynamic demand-supply; competitors are adding capacity aggressively.
- The ₹400 crore defense capex plan may spill into FY28; management gave no firm timeline.
Key quotes
- We are steadily moving up the value chain with growing contribution from value added products and specialized solutions.
- Demand is not a concern. Supply will always be constrained in next four five years. My perception is supply will be constrained. Demand will not be a problem.
- The guideline we have given for your total turnover and as far as the share of hydraulic tubes and our defense it will remain high.
Research modules