Good Luck Steel Tubes Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 31, 2013 at 08:22 pm IST
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Good Luck Steel Tubes Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operation of INR 2,435.902 million against INR 1,718.922 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 159.039 million against INR 120.796 million a year ago. Profit from ordinary activities before tax was INR 72.647 million against INR 80.164 million a year ago. Net profit was INR 49.498 million or INR 2.64 per basic and diluted share after extraordinary items against INR 74.122 million or INR 3.96 per basic and diluted share after extraordinary items a year ago.
For the nine months, the company reported net sales/income from operation of INR 7,226.792 million against INR 4,887.682 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 500.447 million against INR 318.434 million a year ago. Profit from ordinary activities before tax was INR 263.813 million against INR 218.929 million a year ago. Net profit was INR 189.555 million or INR 10.13 per basic and diluted share after extraordinary items against INR 170.594 million or INR 9.11 per basic and diluted share after extraordinary items a year ago.
Goodluck India Limited is an India-based company, which is engaged in manufacturing and exporting precision engineering steel, a range of specialty engineering structures, precision/auto tubes, forging for defense and aerospace, CR products and GI pipes. It is in the business of manufacturing steel products. Its products include ERW Precision and CDW Tubes, Forged Flanges, and Custom Forgings, Power and Telecom Towers, Solar Structures, ERW Hot Dip Galvanized Pipes, Black Pipes, Black and GI Hollow Sections, CR Coils, CRCA, Road Safety Product Galvanized Plain and Corrugated Sheets. The products are being used by end-customers, such as automobile manufacturers, infrastructure, engineering industries, defense, aerospace, oil and gas industries and others. It has a presence in 100 countries across the globe with a well-knit global network. It has a manufacturing capacity of 4,12,000 MT per annum, and it has manufacturing facilities at Sikandrabad in Uttar Pradesh and Kutch, Gujarat.