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Goodluck India held a conference call on 10 November 2025 to discuss the results for the quarter ended September 25 and way forward. Mr. M C Garg- Chairman, Mr. Ram Aggarwal - CEO and Mr. Sanjay Bansal – CFO of the company addressed the call.
Highlights of the Concall
- The steel and engineering industry faced one of its most challenging quarters in recent years due to pressure on demand, pricing, and operations.
- Domestic steel prices in India fell to a five-year low by October 2025, with hot-rolled coil prices down by around 7% from April highs due to rising imports (mainly from China), excess domestic production, inventory buildup, and weak exports.
- Although the government’s capital expenditure program remains strong, it has not yet translated into tangible steel demand, but the company expects improvement in coming quarters. Prolonged monsoons disrupted project execution in infrastructure and construction sectors.
- Globa...
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