Iron & Steel Products company JTL Industries announced Q3FY24 results: Financial Performance: In Q3FY24, JTL Industries reported a significant increase in revenue from operations, with a growth of 65.26% to Rs 5,673.86 million compared to Rs 3,433.31 million in Q3FY23. The company's EBITDA for Q3FY24 rose to Rs 425.09 million, marking an increase of 46.35% from Rs 290.46 million in the same quarter of the previous year. Net Profit After Tax (PAT) for Q3FY24 climbed by 47.23% to Rs 301.82 million from Rs 204.99 million in Q3FY23. Sales Volume: JTL Industries achieved a record-breaking sales volume of 1,00,905 MT in Q3FY24, representing a substantial 76.05% increase over the 57,317 MT achieved in Q3FY23. The company surpassed its FY23 sales figures in just nine months of FY24. Market and Product Strategy: The sales mix of Q3FY24 included a decrease in sales of value-added products due to scheduled maintenance, affecting EBITDA margins which decreased slightly by 97 basis points from 8.46% in Q3FY23 to 7.49% in Q3FY24. Expansion and Investment: JTL Industries has plans to raise capital of Rs 13,100 million to fund a manufacturing capacity expansion in Maharashtra The promoters will contribute Rs 5,400 million, the public and non-promoter category will infuse Rs 2,700 million, and the rest through a QIP. Guidance for FY24: The management expects revenue to grow by 30-35% from FY23 to FY24. EBITDA for FY24 is anticipated to be in line with the levels seen in FY23. Result PDF