Goodluck India Limited
2,888words
34turns
3analyst exchanges
3executives
Management on call
Ram Aggarwal
CHIEF EXECUTIVE OFFICER
Sanjay Bansal
CHIEF FINANCIAL OFFICER
Ram Agarwal
CEO and Mr. Sanjay Bansal – CFO.
Key numbers — 28 extracted
60,000 MT
Rs.1000 crore
100 GW
30,000 MT
Rs.702.02 crore
484.36 crore
45%
Rs.53.57 crore
Rs.31.28 crore
71%
Rs.24.30 crore
66%
Advertisement
Guidance — 11 items
Mahesh Garg
opening
“I would like to hand over the floor to Mr.Ram Aggarwal, who will be talking about the business in detail.”
Ram Agarwal
opening
“Work has started and we are hopeful that the project will get over as per the schedule.”
Ram Agarwal
opening
“With this, we will be in positioned to manufacture and supply high value-added products which would result in greater profitability.”
Aniket Redkar
qa
“This is the target of the Company to reduce the borrowings.”
Aniket Redkar
qa
“So, from June onwards, we can we can see the project on the floor.”
Aniket Redkar
qa
“So, what are the target plans and what kind of order we can get?”
Aniket Redkar
qa
“Even the REL Reliance has given 100 GW target for up to 2030, government of India is already having a target.”
Aniket Redkar
qa
“So, right now we are having a visibility of almost 300 MW in coming 2 to 3 months, but it will improve after the rains are over, the work will start and the visibility will be better.”
Aniket Redkar
qa
“But now the market has started to open, but products will be added.”
Aniket Redkar
qa
“And Sir as the steel prices moving up, so what are your steps and how do we plan to take care of that?”
Risks & concerns — 2 flagged
But now government is putting pressure that it should be made in India.
— Aniket Redkar
And due to this Ukraine conflict or the China conflict also government has put pressure for make in India, but it is just started.
— Aniket Redkar
Advertisement
Q&A — 3 exchanges
Speaking time
11
6
5
5
4
1
1
1
Advertisement
Opening remarks
Mahesh Garg
Good afternoon, everyone. Welcome to Goodluck India Ltd Earnings Conference Call for the fourth quarter and full year ending 31st March 2022. I would like to begin by expressing my gratitude to you all for taking the time to join us. On the call with me today are Mr. Ram Agarwal – CEO and Mr. Sanjay Bansal – CFO. The Company is an established manufacturer of engineered steel products. It was incorporated in the year 1986. It is headquartered in Ghaziabad with 364,000 tonne manufacturing capacity. This capacity is spread across six facilities, five in Sikandrabad, Uttar Pradesh, and one in Kutch, Gujarat, employing over 3,000 personnel with over 3 generation of hands-on experience of promoters. This year we have added 18,000 metric ton in forging division and 20,000 metric tonnes in precision tube engineering division. Goodluck is into four major vertical, which are ERW Steel Tube, Precision tube, Precision engineering and fabrication and forging. We have started our solar in a separate
Ram Agarwal
Thank you, sir, and welcome all of you to this call. After the opening remarks by Mr. Garg, I would like to take you through Company in a bit more detail. I would like to dwell on each of the segment. Now we can start with engineering structures and precision fabrications, a key segment, not only in terms of our engineering expertise and passion, but also in terms of growth opportunities. In this, we are evolving to provide both fabrication and services for infrastructure solution. Be it road bridges, smart city structures, or supercritical bridges for high-speed railways corridor and many others. Company has a total capacity of 60,000 MTPA for this segment. The order, backed by the Company from L&T for the bullet train under high-speed railway corridor, is on course. Work has started and we are hopeful that the project will get over as per the schedule. Here we are working alongside the Japanese engineers. There is a huge scope of growth and expansion in this segment and we envision a
Sanjay Bansal
Thank you, sir. Good afternoon. At the outset, I Sanjay Bansal – CFO, on behalf of Goodluck, welcome you all for joining us for conference on performance of the Company in Q4 and Financial Year 2022. Regarding Q4 performance, total income from operations was increased to Rs.702.02 crores against 484.36 crore during Q4 of previous year registering a growth of 45%. EBITA for the quarter stood to Rs.53.57 crore as against Rs.31.28 crores during Q4 of FY2021. Registering a growth in EBITDA margin at the rate of 71% on year-on-year basis. The profit before tax, including other comprehensive income, was Rs.24.30 crores in Q4 of 2022 as compared to 8.18 Cr. in Q4 of 2021. Performance for the full financial year is substantially improved as compared to previous year. Turnover increased by 66% to Rs.2,617.10 crores. EBIDTA increased by 53% to Rs.186.89crores and PAT stood at Rs.75.02 crores as compared to Rs.30.05 crores. The volume stood at264,418 tons as against 224,603 tonne in FY2021 a grow
Advertisement