Iron & Steel Products company JTL Industries announced Q2FY24 & H1FY24 results: 1. Company Overview: - JTL Industries Limited (formerly JTL Infra Limited) is a leading steel pipe manufacturing company in India. - With a strong presence in the building materials solutions industry, JTL has a wide range of products and a pan-India presence. 2. Geographical Presence and Penetration: - JTL has manufacturing facilities in Punjab, Maharashtra, and Chhattisgarh, with a land bank area of 100+ acres. - The company has a strong distribution network and exports its products to over 20 countries across 5 continents. 3. Competitive Advantage: - JTL has a highly scalable manufacturing capacity of 5,86,000 MTPA, with plans to expand it to 10 lakh MTPA. - The company focuses on building brand equity and maintaining strong corporate governance. 4. Leadership: - The company is led by Mr. Madan Mohan Singla, the Managing Director, who has over 35 years of experience in the steel industry. - The board of directors includes experienced professionals from various backgrounds, ensuring a strategic and diverse approach. 5. Industries Catered To: - JTL serves various industries, including agriculture, water distribution, solar projects, energy, engineering, heavy vehicles, construction, and core infrastructure. - The company offers a wide range of products, including structural tubes, solar module mounting structures, and galvanized steel tubes. 6. Growth Opportunities: - JTL operates in industries with a high growth potential, such as warehousing, infrastructure, green growth, water sanitization, affordable housing, oil, and railways. - The government's focus on these sectors provides opportunities for JTL to expand its business and meet the growing demand. 7. Financial Performance: - JTL has shown a robust financial performance, with revenue growing by 37.19% in H1FY23 to H1FY24. - The company has also achieved its highest-ever sales volume and witnessed significant growth in value-added products. 8. Expansion Plans: - JTL plans to enhance its manufacturing capacity to 1 Million MTPA by the end of FY25, with the implementation of Direct Forming Technology (DFT). - The company also aims to increase the share of value-added products to over 50% by FY24. Result PDF
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