Goodluck India Management Guidance Tracker

Management expects 15-20% revenue growth in FY27, including contribution from defense segment.

Initial revenue from artillery shells expected in Q4 FY26, subject to government dispatch permission.

Revenue from solar tracker tubes and structures expected to grow to ₹600-650 Cr next year.

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.

Management guided EBITDA margin of 30-35% for the artillery shell business.

Management reiterated that normalized defense EBITDA margins will be 30-35%, not the elevated Q4 level.

Adding 40,000-45,000 tonnes capacity in GI conduit pipes and fork tubes within 9-12 months.