JTL Industries recorded its highest-ever sales volume in the second quarter of the current financial year, the company said in an exchange filing on October 1.
Shares of the company settled at Rs 239.90 per share on the NSE in October 1 trade, rising over 2 percent. In the last three years, the stock zoomed to deliver multibagger returns of 165.05 percent, according to data available on the BSE.
The sales volume rose to 1.03 lakh MT in Q2FY25, marking a growth of 26.32 percent over 81,686 MT achieved in the same period of the previous financial year, driven by strong demand for heavy structures, the filing said.
The volume also includes the sales of recently-acquired Nabha Steels and Metals.
The sales volume of JTL in the first half of FY25 reached 1,99,593 MT, recording a growth of 25.49 percent over 1,59,028 MT in the year-ago period, the company said in its business update.
“This growth highlights continued momentum in expanding market share and operational capacity,” the statement said.
In terms of exports, sales continued to rise in H1FY25 after reaching 18,219 MT from 8,897 MT in the year-ago period, the statement said, adding that this represented a growth of 104.74 percent and contributed around 9.13 percent of total sales in the reported period.
On October 1, the shares of the company gained 2.39 percent to close at Rs 239.9 on NSE.
The steel tube manufacturer also pointed out that Nabha Steels, which was acquired by the firm in April 2024, has shown “substantial progress”, delivering “consistently robust results”.
“With the conclusion of the monsoon season, we anticipate new projects will commence, providing good visibility for the demand for our products,” the management of the firm said.
Last week, the company had announced a board meet on October 3 to consider split of shares and issue of bonus shares. The board will consider split of equity shares of the company having a face value of Rs 2 each. It will also consider the proposal to issue bonus shares to the company's equity shareholders and increase the authorised share capital of the company, the filing said.
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