JTL Industries Q2 Business Update: Sales Zoom 26%, H1FY25 Sales Volume Reached 1,99,593 MT

JTL Industries on Tuesday ended 2.39% higher on the NSE at Rs 239.90 per share after the company declared business performance for Q2FY25. With Nabha volumes included, JTL's quarterly sales volume of 103,193 MT in Q2FY25 was the highest ever. This is a 26.32% growth over the 81,686 MT reached in Q2FY24, mostly due to the robust demand for heavy constructions. Sales volume in H1FY25 surged to an unprecedented 1,99,593 MT, a strong 25.49% increase over 1,59,028 MT in H1FY24. This increase demonstrates the ongoing impetus for growing operational capacity and market share.

Export volumes reached 18,219 MT in H1FY25, a notable increase from 8,897 MT in H1FY24, as export sales continued to rise. This indicates a 104.74% growth rate. For H1FY25, exports accounted for 9.13% of total sales volume.

Commenting on the business update, the management of the JTL Industries said, "We are pleased to share our business performance for H1 FY25. During this period, we achieved our highest-ever H1 sales volume, reaching an impressive 199,593 MT, representing a robust growth rate of 25.49% compared to 159,028 MT in H1 FY24. Nabha Steels, which we acquired in April 2024, is a significant contributor to this success. Following the successful commercialization of the first phase, Nabha Steels achieved a total sales volume of 23,502 MT in H1 FY25."

"In Q2 FY25, we recorded our highest-ever quarterly sales volume of 103,193 MT, reflecting a growth of 26.32% over the 81,686 MT achieved in Q2 FY24. This growth demonstrates the continued support we receive from our domestic and international clients. Additionally, our export sales showed strong growth, with H1 FY25 export volumes reaching 18,219 MT, a substantial increase from 8,897 MT in H1 FY24, representing a growth rate of 104.74%. This reflects our ability to adapt to challenging global market conditions," they further added.

"Looking ahead, we maintain an optimistic outlook as India continues to witness strong demand for structural steel, driven by significant government spending on infrastructure and nation-building initiatives funded by private and public capital expenditures. With the conclusion of the monsoon season, we anticipate new projects will commence, providing good visibility for the demand for our products. At JTL, we remain committed to our growth strategy, which encompasses continued market expansion, operational excellence, customer-centric innovation, and stakeholder growth," the management commented.

With its registered office situated in Chandigarh, JTL Industries Limited is one of the steel tube producers. The company operates facilities in Chhattisgarh, Maharashtra, and Punjab. The company's total capacity is about 3,00,000 MTPA for backward integration and 5,86,000 MTPA for pipe manufacture.