Goodluck India Q4 FY26: Margin Expansion and Defence Ramp-Up

Consolidated FY26 total income was INR 4,120.5 crore, EBITDA was INR 418.5 crore (EBITDA margin 10.2%), and reported PAT was INR 182.6 crore (PAT margin 4.4%).

Q4FY26 consolidated total income was INR 1,097.2 crore, EBITDA was INR 121.8 crore (11.1% margin), and reported net profit was INR 56.1 crore.

For FY26, the presentation shows revenue mix as Engineering structure and fabrication 24%, CR sheet and pipes 34%, Precision pipes and auto tubes 27%, and Forging 15%.

The presentation states initial capacity of 150,000 shells per annum and a planned scale-up of an additional 250,000 shells per annum within 12 months, taking total capacity to 400,000 shells per annum.

Management stated they expect 75% to 80% utilization of the 150,000 shells per annum capacity in FY27 and reiterated steady-state EBITDA margin guidance of about 30% to 35% for the defence business.

The Board recommended a final dividend of 150%, i.e., INR 3 per equity share of face value INR 2, for FY26, subject to shareholder approval.