Iron & steel products company JTL Industries announced Q1FY24 results: Revenue from operation grew by 37.16% from Rs 3,680.35 million in Q1FY23 to Rs 5,048.02 million in Q1FY24. This growth was majorly led by increasing demand for the products in domestic markets as reflected in the volume growth of 52.49% on a YoY basis from 50,720 MT in Q1FY23 to 77,342 MT in Q1FY24. Further, the company witnessed its highest-ever quarterly sales volume of value-added products, recording an impressive 32,506 MT, registering a YoY growth rate of 108.12%, surpassing the sales volume of 15,619 MT recorded during Q1FY23, contributing significantly towards the revenue growth. EBITDA increased by 131.03% from Rs 153.79 million in Q1FY23 to Rs 355.31 million in Q1FY24 and EBITDA Margins increased by 286 bps from 4.18% in Q1FY23 to 7.04% in Q1FY24 led by increase in contribution of value-added products, increasing scale of operations, improved manufacturing efficiency, and the benefits enjoyed from the backward integration of Raipur facility. PAT increased by 110.12% from Rs 120.74 million in Q1FY23 to Rs 253.70 million in Q1FY24 and PAT Margins increased by 175 bps from 3.28% in Q1FY23 to 5.03% in Q1FY24. Result PDF
Iron & Steel Manufacturing company JTL Infra announced Q2FY23 results: Revenue from operations for the quarter grew 14.53% on YoY basis from Rs. 263.02 crore to Rs.301 crore and by 16.21% to Rs. 259 crore in QoQ. Sales volume increased by 22.60% at 40829 MT in Q2 FY23 as compared to 33,302 MT in Q1 FY23 PAT for the quarter stood at Rs. 20.01 crore against Rs. 12.95 crore in Q1FY22, YoY growth of 53.85% During quarter company allotted 50,00,000 nos. of shares on conversion of share warrants. Company was allocated +30000 tonne of GI pipe order valued approx. Rs 300cr under Jal Jeevan Mission (JJM) in state of Jammu & Kashmir. JTL supplied 15000 MT of GI pipes in this quarter itself JTL received approval for motion 1 filed at NCLT. SEBI approved Scheme of Amalgamation between Chetan Industries Ltd (Transferor company), with JTL Infra Ltd (Transferee company) filed by the company in early July 2022. Result PDF
JTL Infra's net revenue for the quarter grew by 47.49% to Rs. 301.15 crore from Rs. 204.19 crore. Iron & Steel Products firm JTL Infra declares Q4FY22 result: Performance Review for Q4 FY2022 vs. Q4 FY2021 Sales Volumes higher by 14.06% to 44,158 metric tons from 38,716 metric tons Net Revenue from operations for the quarter grew by 47.49% to Rs. 301.15 crore from Rs. 204.19 crore. Company has achieved its highest ever quarterly sales in this quarter. Gross margin has improved by 158bps due to better product mix EBIDTA margins dipped to 8.05% from 9.41% in Q4FY21 due to increase in raw material prices globally. Absolute EBITDA stood at Rs.24.35 crore against Rs. 19.49 crore. Absolute PBT and PAT stood at Rs.21.43 crore and Rs.15.99 crore respectively. Performance Review for FY2022 vs. FY2021 Sales Volumes increased of 70.88% to 1,48,276 metric tons from 86,771 metric tons Net Revenue from operations for the year increased to Rs.975.72 crore from Rs. 435.76 crore in FY21 at a growth of 124%. Company has achieved highest sales during the period. Domestic sales stood Rs.854.64 crore a growth of 132% Export also contributed well and stood at 121.08 crore a growth of 79% With a vision to have effective management in place, company is developing and sustaining high performance team in all sections. Due to the reason, Employee cost increased to Rs.11.22 crore from Rs.2.99 crore. EBITDA margins dipped slightly by 55bps to 7.55% from 8.10%., the reasons for decline are (a) increase in raw material prices particularly in the Q4FY22; (b) company’s future vision as aforesaid mentioned. Absolute EBITDA increased by 103% and stood at Rs.76.08 crore from Rs.37.40 crore. PBT improved by 80bps and absolute PBT increased to Rs.67.53 crore from Rs.27.02 crore. PAT increased to Rs.50.02 crore from Rs.27.03 crore at growth of 150%. Result PDF
Highlights: Increase in Revenue mainly on account of higher sales volumes due to new Mandi Gobindgarh capacity being fully operational Increase in EBITDA mainly due to higher sales volume PAT increase due to higher sales volume, high proportion of cash & carry basis resulting in no outstanding debtors at new capacity During 9M FY22 new facility at Mandi Gobindgarh was fully operational resulting in higher sales volumes Higher Profitability on account of higher volumes coupled with higher realizations for 9M FY22 Board of Directors recommend dividend of Rs.2/- per equity share of Rs.10 each Increase in EBITDA due to better operational efficiency and higher EBITDA/ton Revenue from Operations increased by 89.52% YoY mainly on account of higher volumes and better realizations. Result PDF
Financial Performance Highlights: Sales Volumes increased by 170.41% to 40,180 metric tons from 14,859 metric tons Net Revenue increased by 229.36% to Rs. 263.09 crore compared to Rs. 79.88 crore EBIDTA at Rs. 19.43 crore compared to Rs. 5.37 crore, an increase of 261.77% PBT at Rs. 17.94 crore as compared to Rs. 3.84 crore, increased by 367.44% Profit after tax at Rs. 12.95 crore compared to Rs. 2.87 crore, higher by 351.04%. Sales Volumes increased by 37.44% to 40,180 metric tons from 29,235 metric tons Net Revenue increased by 46.96% to Rs. 263.09 crore compared to Rs. 179.02 crore EBIDTA at Rs. 19.43 crore compared to Rs. 10.87 crore, an increase of 78.75% PBT at Rs. 17.94 crore as compared to Rs. 10.76 crore, increased by 66.72% Profit after tax at Rs. 12.95 crore compared to Rs. 8.05 crore, higher by 60.87% Sales Volumes increased by 172.51% to 69,425 metric tons from 25,472 metric tons Net Revenue increased by 238.44% to Rs. 442.11 crore compared to Rs 130.63 crore EBIDTA at Rs. 30.30 crore compared to Rs. 7.73 crore, higher by 292.07% PBT at Rs. 28.69 crore as compared to Rs. 5.51 crore, increase by 420.67% Profit after tax at Rs. 21.00 crore compared to Rs. 4.12 crore, higher by 409.28% JTL had the highest sales volume ever in the 2nd quarter of financial year 2022. The ramping up of other facilities are effectively adding numbers thereby setting a new All Time High every quarter. JTL Derabassi supplied more than 4,000 metric tonnes of Galvanized Pipes to Himachal Government in the Jal Jeevan Mission. The Company has been regularly catering to Jal Jeevan Mission and has shared the objective to supply water pipelines to every household with the government. The Board of Directors of the Company, at its meeting held on September 22, 2021, has fixed Saturday, October 16, 2 021 as the Record date for determining the eligibility of members for sub-division of each equity share of the face value of Rs.10/- each into five (5) equity shares, each of the face value of Rs.2 /-. The Board of Directors approved a dividend of Rs.2/- per equity share of Rs.10 each (20%) for the financial year 2020-2021, at its Annual General Meeting, held on September 22, 2021. Result PDF