Goodluck India Limited conducted a Post-Earnings Conference Call on October 31, 2026, at 11:30 A.M. IST to discuss the company's unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2026 (Q2 and H1 FY27).

The conference call was moderated by Vinay Pandit from Kaptify Investor Relations and featured the following management participants:

  • Mr. M. C. Garg - Chairman
  • Mr. Ram Aggarwal - Chief Executive Officer
  • Mr. Ashok Vashisht - Group Chief Financial Officer
  • Mr. Sanjay Bansal - Chief Financial Officer
  • Mr. Abhishek Aggarwal - Company Secretary

The transcript of the earnings call was submitted to the stock exchanges on November 4, 2026, and is available on the company's website at https://www.goodluckindia.com/investors-news.php.

Financial Performance Highlights:

Q2 FY27 Consolidated Performance:

  • Total income: INR13.7 billion (38% YoY growth from INR9.9 billion)
  • Sales volume: 133,374 tons (18.1% YoY growth)
  • EBITDA: INR1.27 billion (31% YoY growth from INR980 million)
  • EBITDA margin: 9.3% (vs 9.18% in Q2 FY26)
  • PAT: INR506 million (19% YoY growth from INR426 million)

H1 FY27 Consolidated Performance:

  • Total income: INR26.6 billion (34% YoY growth from INR19.8 billion)
  • Sales volume: 256,093 tons (13.5% YoY growth)
  • EBITDA: INR2.67 billion (38% YoY growth from INR1.93 billion)
  • EBITDA margin: 10% (vs 9.8% in H1 FY26)
  • PAT: INR1.2 billion (42.4% YoY growth from INR828 million)

Business Updates and Guidance:

Defence Business:

  • Reaffirmed FY27 defense revenue guidance of INR300 crores
  • Capacity expansion planned from 150,000 to 400,000 artillery shells
  • Goodluck Defence emerged as sole technically qualified bidder for 155mm HE M1A4 artillery shells for Munitions India Limited
  • Peak revenue potential from defense business estimated at INR1,000+ crores once expanded capacity is operational
  • Defense business maintains 30-35% EBITDA margin guidance

Export Performance:

  • H1 FY27 export revenue grew 38% YoY
  • Exports contributed 28% of total volumes

Capacity Utilization:

  • Non-defense business operating at 98-99% capacity utilization
  • Volume growth guidance of 15-20% YoY for future periods
  • Hydraulic tube plant utilization at 65-70%, expected to reach 75-80% in H2 FY27

Corporate Restructuring:

  • Proposed amalgamation of Goodluck Defence and Aerospace India Limited and Goodluck Green Energy with Goodluck India Limited
  • Expected timeline for completion: 12-16 months
  • Intended to create more integrated corporate structure and improve strategic alignment

Operational Challenges:

  • Margin impact of approximately 150 bps in Q2 due to higher international freight costs and fuel (gas) prices
  • Working capital management focus with 7-day improvement in cycle from March 2026 levels
  • Debt levels maintained at approximately 2.5x EBITDA

New Initiatives:

  • Aerospace components business with estimated investment of INR80 crores and expected business benefit of INR180 crores
  • Front fork tube expansion nearing completion, expected to contribute in Q4 FY27
  • Conduit GI pipes expansion under erection

Additional Notes Section

The document includes the full transcript of the earnings call containing detailed management commentary and Q&A session with analysts. No unpublished price sensitive information (UPSI) was indicated to be shared during the call. The submission represents standard regulatory compliance for post-earnings investor communication.