JTL Industries – Fast Grower at an inflexion point

Business Update – Dec 2023

1. JTL has recorded its highest ever quarterly sales volume of 1,00,905 MT, exhibiting a rigorous
   and robust growth of 76.05% over Q3 FY23 driven by healthy demand for its structural steel
   tubes and pipes finding application in infrastructure and industrial sectors in both domestic and
   international markets.

2. JTL 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. This reduced overall
   operating capacity and in turn impacted the overall volumes for said segment. The Company,
   however, has swiftly addressed the maintenance requirements, and JTL aims to recover the lost
   volumes in upcoming quarters.

3. In terms of 9MFY24 performance, The Company continues to scale significant milestone and has
   recorded highest ever 9M sales volume reaching an unprecedented 2,59,933 MT, surpassing
   FY23 sales volume of 2,40,316 MT and demonstrating a robust growth of 62.32% compared to
   9M FY23. JTL witnessed a remarkable increase in sales of value-added products, with a
   substantial 46.79% growth, rising from 54,837 MT in 9M FY23 to 80,497 MT in 9M FY24

Source: Company Update

Disc: Invested