JTL Industries Declares Business Performance For Q3 & 9M FY25

On Monday, shares of infrastructure company JTL Industries Ltd surged around 4.67 per cent to an intraday high of Rs 108.12 per share from its previous closing of Rs 103.30 per share. The stock's 52-week high is Rs 139 and its 52-week low is Rs 83.45. The company has a market cap of over Rs 4,300 crore.

In Q3FY25, JTL Industries recorded 97,488 MT in total sales, including volumes from Nabha Steel. Compared to 259,933 MT during the same period in FY24, the company's nine-month sales volume (ex-Nabha Steels) reached its highest ever, 263,805 MT. In Q3 FY25, value-added products made up 21% of overall sales volume, while commercial grade products made up the remaining 79%. Compared to 12,542 MT for the nine-month period in FY 24, which accounted for 5% of total sales, the export volume for FY 25's nine-month period is 25,417 MT, or around 10% of total sales.

Commenting on the business update, the management of the company said: "We are pleased to share our business performance for Q3 & 9M FY25. During the 9M FY25 period we achieved our highest ever nine monthly volumes, soaring to 263,805 MT, compared to 259,933 MT in 9M FY24. Nabha Steels, which we acquired in April 2024, is a significant contributor. Its volumes for 9M FY25 were at 33,277 MT. The first phase has successfully commercialized, awaiting massive potential for the future."

"Through strong support from our domestic and international clients, our export volumes in 9M FY25 have leaped to 25,417 MT, more than 100% growth from 12,542 MT in 9MFY24. The export share to total sales has also doubled to 10% in 9M FY25 from 5% during the corresponding period last year. It is due to our ability to adapt to challenging global market conditions and adherence to universal quality standards," the management added.

"Going forward, we maintain an optimistic outlook for the sector 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 budget announcement due in this quarter, we await new projects and more monetary push to our supply sectors, 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 team of JTL Industries said.

One of the top producers of steel tubes is JTL Industries Limited, which has its registered office in Chandigarh. The business operates production plants in Chhattisgarh, Maharashtra, and Punjab. The firm has a total pipe production capacity of around 6,86,000 MTPA. As a reputable Star Export House, the firm offers GI Pipes, MS Black Pipes, Hollow-sections, and Solar Structures, among other products, to meet a variety of industrial and infrastructure needs.

On Thursday, the shares of JTL Industries ended 1.63% higher at Rs 96.80 per share on the NSE with a market cap of Rs 3.88KCr.