Good Luck Steel Tubes Limited Announces Unaudited Earnings Results for Third Quarter and Nine Months Ended December 31, 2013
January 28, 2014 at 01:12 pm
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Good Luck Steel Tubes Limited announced unaudited earnings results for third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales income from operations of INR 2,490.549 million, total income from operations of INR 2,530.736 million, profit from operations before other income, interest and exceptional items of INR 137.26 million, profit from ordinary activities before tax of INR 44.169 million, net profit of INR 24.751 million or INR 1.18 per diluted share after extraordinary items compared to the net sales income from operations of INR 2,435.902 million, total income from operations of INR 2,478.773 million, profit from operations before other income, interest and exceptional items of INR 159.039 million, profit from ordinary activities before tax of INR 72.647 million, net profit of INR 49.498 million or INR 2.64 per diluted share after extraordinary items for the same quarter a year ago.
For the nine months period, the company reported net sales income from operations of INR 7,463.034 million, total income from operations of INR 7,644.524 million, profit from operations before other income, interest and exceptional items of INR 497.348 million, profit from ordinary activities before tax of INR 232.671 million, net profit of INR 150.078 million or INR 7.14 per diluted share after extraordinary items compared to the net sales income from operations of INR 7,226.792 million, total income from operations of INR 7,402.649 million, profit from operations before other income, interest and exceptional items of INR 500.447 million, profit from ordinary activities before tax of INR 263.813 million, net profit of INR 189.555 million or INR 10.13 per diluted share after extraordinary items for the same period 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.