JTL Industries Reported Highest Quarterly Sales Export Volume Ever After 1:1 Bonus Issue

JTL Industries Ltd. had its highest-ever quarterly sales volume in terms of export volume, with a growth of 31.4% from 4,503 metric tonnes in the quarter ending June 2023 to 5,917 MT in the quarter ending June 2024. Export sales made up 6.9% of the total sales volume in the quarter ended June 2024.

"JTL Industries has demonstrated a significant sales volume growth of a 10.8% increase on a YoY basis, reaching 85,674 MT in Q1FY25 from 77,342 MT in Q1FY24. This growth is fueled by strategic initiatives and operational excellence, driven by strong demand for structural steel tubes and pipes in infrastructure and industrial sectors in both domestic and international markets. For Q1FY25, JTL recorded sales volumes of 21,261 MT for value-added products, contributing for 25% of the total sales mix. JTL has also achieved its highest-ever quarterly sales volume in term of export volumes, showcasing a strong growth of 31.4% from 4,503 MT in Q1FY24 to 5,917 MT in Q1FY25.Export sales contributed 6.9% to the total sales volume for Q1 FY25," The company said in an exchange filing.

"At JTL Industries, we remain committed to our strategic initiatives aimed at sustainable growth and market leadership. Our continuous expansion efforts, both organically and through strategic acquisitions, underscore our dedication to enhancing production capacity and meeting evolving market demands. Our strategic priorities remain focused on enhancing operational efficiency, expanding our product range, and capitalizing on market opportunities. We are progressing according to our timeline to launch DFT lines, which will significantly boost our manufacturing capabilities. With this implementation, we anticipate a substantial increase in plant capacity utilization and production efficiency, underscoring our commitment to operational excellence. This improvement will allow us to effectively meet the growing demands of our valued customers, supported by the introduction of over 300 Value-Added SKUs," the management said.

"A cornerstone of our strategy is our goal to achieve a 50% contribution of value-added products in our total sales mix. This strategic focus not only diversifies our product offerings but also enhances our turnover and improves EBITDA margins, reflecting our focus on higher margin offerings. The increasing demand for value-added products underscores their importance in our growth trajectory. Looking forward, we anticipate robust export demand for our structural pipes, driven by their quality and reliability. We are confident that our export contribution will see significant growth in the foreseeable future, further strengthening our global footprint and bolstering our financial performance," the management added.

"In summary, JTL Industries remains committed to sustainable growth, driven by strategic expansions, a focus on value-added products, and robust export opportunities. These initiatives are poised to enhance our market position and deliver value to our stakeholders," the management stated.

Last month, JTL Industries allotted 1,00,000 fully paid-up equity shares on conversion of warrants and a further 1,00,000 bonus equity shares in a ratio of 1:1. Post allotment of shares, the paid-up equity share capital has increased to Rs. 35,44,21,660 consisting of 17,72,10,830 equity shares of Rs. 2/- each.

Recently, JTL Industries Limited has announced financial results for Q4 and FY24 and said that it has reported the highest-ever Revenue of Rs. 20,402.3 million. According to the exchange filing, the company has reported the highest-ever sales volume of 3,41,846 MTPA for FY24 with revenue clocking a significant milestone of Rs. 20,402.3 million.

Earlier, the company announced the completion of Phase-I expansion at its subsidiary, Nabha Steels and Metals, located in Mandi Gobindgarh, Punjab. The first phase of the expansion will deliver a production capacity of 5,000 metric tons per month of hot-rolled (HR) coils, which are the raw materials for electric resistance welded (ERW) steel pipes. The company indicated that the second phase of the expansion will begin soon.

JTL Industries Limited is a producer of electric resistance welded (ERW) steel pipes including pipe and tube manufacturers in India. The company produces black and galvanized ERW steel pipes and tubes, hollow sections and structural steel that are used in engineering and construction projects. Its product includes galvanized steel tubes and pipes, scaffolding fittings and systems, hollow sections, LTZ sections, and mild steels angles/channels. Its services include solar solutions, logistic services, and packaging and loading services.