Iron & Steel Products company JTL Industries Industries announced Q3FY25 & 9MFY25 results Total Income: Rs 4,535 crore in Q3FY25 (-20.2% YoY); Rs 14,604 crore in 9MFY25 (-7.5% YoY). EBITDA: Rs 351 crore in Q3FY25 (-17.4% YoY); Rs 1,047 crore in 9MFY25 (-9.4% YoY). EBITDA Margin: 7.8% in Q3FY25 (+28 BPS YoY); 7.2% in 9MFY25 (-6 BPS YoY). PAT: Rs 249 crore in Q3FY25 (-17.4% YoY); Rs 820 crore in 9MFY25 (-1.8% YoY). PAT Margin: 5.5% in Q3FY25 (+20 BPS YoY); 5.6% in 9MFY25 (+31 BPS YoY). Management Commentary: The nine-month period i.e. 9M FY25 was a period of growth, with new product launches, acquisitions and expansions. The company demonstrated highest ever sales volume with a growth of 14.3% on YoY basis whereas the total income came in at Rs 14,604 million; a dip of 7.5%. For the quarter, the total income stood at Rs 4,535 million as compared to Rs 4,874 million last quarter resulting in a degrowth of 6.9%. We are confident that our strategic initiatives and ongoing operational improvements will fuel future growth. JTL Industries achieved a total sales volume of 97,488 MT in Q3 FY25, including contributions from Nabha Steel. The company recorded highest ever sales volume of 2,97,082 including Nabha Steels (263,805 MT excluding Nabha Steels), surpassing 2,59,933 MT in the same period of FY24. The Valueadded products accounted for 21% of the total sales volume in Q3 FY25, with commercial-grade products making up the remaining 79%. Exports for the nine-month period in FY25 reached 26,859 MT, representing 10% of total sales, a significant increase from 12,542 MT (5% of total sales) in the corresponding period of FY24. During the quarter, JTL Industries was selected as the L1 bidder for the Jal Jeevan Mission project, securing a Rs 265 crore order to supply 35,473 MT of ISI-certified Galvanized Mild Steel (GMS) tubes, covering 95% of the required sizes. This win reinforces JTL’s leadership in delivering high-quality, value-added products that meet stringent government standards and showcases its commitment to supporting key infrastructure initiatives for national development. On the Raipur plant, as discussed in our last earnings call, the expanded facility is operating as expected, with its capacity now doubled to 200,000 MTPA. The facility has introduced larger tubes and pipes (4–8 inches) and 200 additional SKUs, with 50% of its capacity focused on value-added products. This expansion aligns with our goal of achieving 1 million MTPA by the end of the year. JTL is in the process of implementation of Direct Forming Technology (“DFT”), reflecting Company’s commitment to innovation and profitability. DFT will enable the direct production of square and rectangular sections from HR coils. This innovation streamlines production, reduces waste, and expands the range of high-value products with greater precision. DFT positions JTL as a market leader, enhancing its ability to meet diverse customer needs. This is expected open up newer opportunities in the export market and allow the Company to penetrate into the newer markets of structural applications and multi-storied buildings. JTL Industries remains confident in delivering quality and growth on the back of robust investments, sustained demand in the market and the on going projects across sectors. Our business model provides us the flexibility to navigate through market instability making us resilient resulting in achieving growth and creating value to the stakeholders. Result PDF