Q2 Results: JTL Industries' net sales at Rs 479 crore

Steel pipes shaper JTL Industries Ltd has announced its fiscal results for the July-September 4th of the fiscal twelvemonth 2024-25. 

According to an speech filing, the company's nett income stood astatine Rs 479.55 crore successful the 4th nether review. This is down by 4.49 per cent from Rs 502.10 crore successful September 2023.
 
The quarterly nett net of the institution was astatine Rs 26.36 crore, down by 5.57 per cent from Rs 27.92 crore successful September 2023.

The EBITDA stands astatine Rs 37.67 crore successful September 2024 down 6.85 per cent from Rs 40.44 crore successful September 2023.

The institution reported a PAT of Rs 264 cardinal for Q2 FY25, with a PAT borderline of 5.4 per cent. Its year-to-date PAT accrued by 7.1 per cent to Rs 571 million.  

Meanwhile, the institution has announced expanding its yearly manufacturing capableness to 2 lakh tonnes arsenic portion of its astir Rs 350-crore enlargement plan.

With this addition, its cumulative tube manufacturing capableness has reached a level of 6.86 lakh tonne per annum, the institution said successful an speech filing.

In a filing connected Wednesday, JTL Industries said, "It announces palmy enlargement of its Raipur facility's capableness from 1,00,000 metric tonnes per annum (MTPA) (1 lakh tonne) to 200,000 MTPA".

The institution is aiming to implicit its enlargement program of 4 lakh tonnes by the fiscal twelvemonth 2026-27, taking its wide capableness to 10 lakh tonnes per annum, a institution authoritative had told PTI earlier.

JTL Industries is simply a starring shaper of electrical absorption welded alloy pipes successful India. Besides Raipur, it owns manufacturing facilities successful Malegaon successful Maharashtra, and Mandi and Derahbasi successful Punjab.