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JTL Industries Limited shares business update for Q3

Infrastructure  -  Jan 04,2024  - 

JTL Industries Ltd reported its highest ever quarterly sales volume of 1,00,905 MT, exhibiting a rigorous and robust growth of around 76% over Q3 FY23.

Reports said that the growth is driven by healthy demand for its structural steel tubes and pipes finding application in infrastructure and industrial sectors in both domestic and international markets.

JTL Industries recorded decent growth in volumes of value-added products which stood at 19,789 MT for Q3FY24. This underscores a remarkable YoY growth rate of 35.39%, surpassing the sales volume of 14,616 MT recorded during Q3 FY23.

During the current quarter, the Galvanization facility was slightly impacted due to scheduled maintenance of Galvanization pot, a necessary measure taken periodically by The Company to uphold product quality and standards.

JTL Industries management said, "“We are really happy to share our business performance for the Q FY24 and 9MFY24period.This quarter witnessed a record-breaking sales volume, reaching an all-time high of 1,00,905 MT, marking an impressive 76.05% increase compared to Q3 FY23. This robust performance underscores the ongoing support we receive from both our domestic and international clientele."

 

Company : JTL Industries Ltd