Goodluck India profit falls 24.64% as costs and interest rise
Revenue grew 5.85% sequentially, but faster expense growth and a 31.41% rise in interest squeezed margins and profit.
Filed 28 Oct 2026, 15:31 IST · after market close · Goodluck India Ltd (GOODLUCK)
Key takeaways
- Consolidated revenue grew 5.85% sequentially, but net profit fell 24.64% to Rs 50.66 cr.
- Expenses rose 8.16%, faster than revenue, narrowing operating margin by 1.95 percentage points to 8.53%.
- Operating margin was 2.50 percentage points below the 11.03% median of 47 Industrials peers that had reported.
Price around the results
Revenue growth did not translate into profit growth
Goodluck India’s consolidated revenue increased 5.85% sequentially, but operating profit declined 13.82% and net profit fell 24.64% to Rs 50.66 cr. The mismatch shows that the quarter’s higher sales came with a weaker conversion of revenue into earnings.
Higher costs and interest drove the margin squeeze
Expenses grew 8.16%, faster than revenue growth of 5.85%, reducing operating margin by 1.95 percentage points to 8.53%. Interest expense rose 31.41% to Rs 40.00 cr, adding pressure below the operating line. Other income represented 16.9% of pre-tax profit, while the tax-rate change was only -0.02 percentage points, so tax was not the reason for the profit decline.
Margin trailed most reported Industrials peers
The company’s 8.53% operating margin was 2.50 percentage points below the 11.03% median among 47 Industrials peers that had reported the quarter. It ranked 14th from the bottom on this measure. The results were filed after market close, so there is no reported market reaction to assess yet.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹1,363 cr | ₹1,287 cr | +5.85% |
| Other income | ₹11 cr | ₹5 cr | +135.36% |
| Expenses | ₹1,247 cr | ₹1,153 cr | +8.16% |
| Operating profit | ₹116 cr | ₹135 cr | -13.82% |
| Operating margin (%) | 8.53% | 10.48% | — |
| Interest | ₹40 cr | ₹30 cr | +31.41% |
| Depreciation | ₹21 cr | ₹21 cr | +0.10% |
| Profit before tax | ₹67 cr | ₹88 cr | -24.64% |
| Tax | ₹16 cr | ₹21 cr | -24.70% |
| Net profit | ₹51 cr | ₹67 cr | -24.64% |
| EPS (₹) | ₹4.90 | ₹19.13 | -74.39% |
Operating margin of 8.53% compares with a Industrials sector median of 11.03% across 47 peers that have reported Q2FY27.
What to watch
- Whether operating margin moves back above 8.53%.
- Whether expense growth falls below the 5.85% sequential revenue growth rate.
- Whether interest expense remains around Rs 40.00 cr.