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Goodluck India's Q3 FY26 standalone sales grew 10% to 1,031.58 Crore, with EBITDA at 9.7%. PAT rose 8.4% YoY to 43.47 Crore. Management is bullish on steel sector recovery, infrastructure-led growth (aided by 12.2 lakh crore public capex), and defense. Defense production commenced in Q3, with capacity expanding from 1.5 lakh to 4 lakh shells/year via a 400 Crore capex (60% equity, 40% debt). This expansion targets 900-1,000 Crore revenue from FY28, with 30-35% EBITDA margins. Order visibility is strong, and the company focuses on value-added products for sustainable growth.