JTL Industries Limited has shared an update on its performance for the third quarter of FY25. The company recorded its highest-ever nine-month (9M) sales volume of 2,97,082 MT, reflecting a 14.3% year-on-year growth.
For Q3 FY25, JTL Industries reported a total sales volume of 97,488 MT, which includes contributions from Nabha Steel. Excluding Nabha Steel, the nine-month sales volume reached 2,63,805 MT, slightly up from 2,59,933 MT in the same period of FY24. The product mix for Q3 FY25 revealed that value-added products accounted for 21% of the total sales volume, with the remaining 79% comprising commercial-grade products.
In the export segment, JTL Industries reported a significant rise in nine-month export volumes, which stood at 25,417 MT, contributing ~10% to the total sales. This is a marked improvement from 12,542 MT in the corresponding period of FY24, where exports contributed 5%.
The performance of Nabha Steels and Metals, acquired in 2024, also demonstrated steady progress. Year-to-date volumes for Nabha Steels reached 33,277 MT, aligning with operational expectations and reinforcing its strategic contribution to JTL’s overall performance.
Commenting on the business update, the company’s management stated, “The export share
total sales has also doubled to 10% in 9M FY25 from 5% during the corresponding period last year. It is due to our ability to adapt to challenging global market conditions and adherence to
universal quality standards. Going forward, we maintain an optimistic outlook for the sector as India continues to witness strong demand for structural steel, driven by significant government spending on infrastructure and nation-building initiatives, funded by private and public capital expenditures.”
They further added, “With the budget announcement due in this quarter, we await new projects and more monetary push to our supply sectors, providing good visibility for the demand for our products. At JTL, we remain committed to our growth strategy, which encompasses continued market expansion, operational excellence, customer-centric innovation, and stakeholder growth.”
On January 3, 2025, JTL Industries share price opened at ₹98.00, touching the day’s low at ₹96.00, as of 9:52 AM on the NSE.
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