The shares of JTL Industries jumped 3.25% to Rs 319.15 after the company recorded a quarterly sales volume of 45,934 MT in the third quarter of FY23, registering a growth of 35% over the third quarter of FY22 and 13% over the second quarter of FY23.
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As of 31 December 2022, JTL recorded a total volume of 1,20,065 MT for a 9M period against 1,03,457 MT reported in a 9M period at the end of 31 December 2021.
The sales period of export under review amounted to 4,529 MT, which is higher by 48% compared to the third quarter of FY22 and up by 18% over Q2FY23. Exports sales contributed approximately 10% to the total sales volume for Q3FY23.
This company is the fastest-growing steel tube manufacturer of all the companies. And provide manufacturing facilities in Punjab and Maharashtra. The cumulative capacity is 4,50,000 MTPA. The company is a ‘star export house, MS black pipes, and its product offering includes GI pipes, solar structures and hollow-sections and others which cater to diverse industrial applications.
On a consolidated basis, the net profit hit a high of 56.53% to Rs 20.27 crore on a 14% increase in sales to Rs 299.91 crore in the second quarter of FY23 over the second quarter of FY22.
