JTL Industries Declares Q2 Results; November 15 Fixed As Record Date For 1:2 Stock Split

JTL Industries Limited is a rapidly expanding, dynamic steel tube manufacturer with a focus on creating hollow structure sections, large diameter tubes and pipes, pre-galvanized and galvanised steel pipes, and ERW Black pipes. For the quarter and a half that ended on September 30, 2024, JTL is happy to present its financial results.
In the September 2024 quarter, JTL Industries' net profit decreased by 5.55% to Rs 26.36 crore from Rs 27.91 crore in the September 2023 quarter. Sales for the quarter ending in September 2024 fell 4.49% to Rs 479.55 crore from Rs 502.10 crore in the year-ago quarter ending in September 2023.

With a total revenue of Rs 4,874 million in Q2 FY25, JTL Industries showed tenacity in its financial performance. With an EBITDA margin of 7.7%, the quarter's EBITDA of Rs 377 million demonstrated the dedication to cost control and product concentration. Notably, H1 FY25 EBITDA rose to Rs 815 million, a 6.3% rise. The company's sales volume increased by 26.32% to 103,193 MT from 81,686 MT in Q2 of FY24. Value-added items made almost 25% of the entire sales mix and made a substantial contribution to total revenue.

"In line with our commitment to enhancing shareholder value, we have undertaken a share split to improve the liquidity of the company's shares and make them more accessible to small and retail investors. Each equity share with a face value of Rs 2 has been split into two equity shares with a face value of Rs 1. Following this split, our authorized share capital has increased to Rs 55.00 crores, while paid-up share capital now stands at Rs 39.31 crores. The split is expected to be completed within two months, following BoD and EGM approvals received on October 3 and October 26, 2024, respectively," said JTL Industries in a stock exchange filing.

"Looking ahead, we remain optimistic about the continued demand for structural steel, bolstered by infrastructure investments and sustained project activity across key sectors. Our strategic positioning across both primary and secondary markets provides us with a unique advantage. In periods of strong demand, we experience steady growth across all product lines, allowing for balanced sales. When demand softens, our flexibility enables us to shift focus toward secondary products, ensuring consistent sales volume without margin pressure. This versatility allows us to effectively manage market fluctuations, providing resilience and a stable foundation for continued growth. JTL Industries remains committed to growth through operational excellence and strategic expansion, ensuring long-term value for our stakeholders," the company informed stock exchanges.