Latest news with #JTLIndustries
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Business Standard
5 days ago
- Business
- Business Standard
JTL Industries share extends losses, drops 11% in three days; here's why
JTL Industries share price today: Shares of steel pipes manufacturer JTL Industries fell over 4 per cent to hit an intraday low of ₹73.65 on the NSE after it reported a weak set of numbers for the quarter ended June 2025 (Q1FY26) on Wednesday. The stock has tanked over 10 per cent in the last two sessions from Wednesday's closing price of ₹81.16. At 1:40 PM, the stock was trading 4 per cent lower at ₹73.82 compared to the previous day's close of ₹76.9 on the NSE. In comparison, the benchmark NSE Nifty 50 index was trading at 24,954.95 levels, down by 156.5 points or 0.62 per cent. The company's total market capitalisation stood at ₹2,901.73 crore. The stock has plunged over 40 per cent from its 52-week high of ₹123.75 touched on October 3, 2024. JTL Industries Q1FY26 result update JTL Industries' consolidated total for the June 2025 quarter came in at ₹549.6 crore, up 5.4 per cent year-on-year (Y-o-Y) from ₹515.6 crore in the year-ago period. The company reported a 46.2 per cent Y-o-Y decline in profit after tax (PAT) to ₹16.5 crore against ₹30.7 crore in the June 2024 quarter. Its earnings before interest, tax, depreciation and amortisation (Ebitda) stood at ₹23.4 crore, down 41.5 per cent Y-o-Y from ₹400 crore in the year-ago period. Ebitda margin slipped to 4.3 per cent from 7.8 per cent. Brokerage views on JTL Industries: Nuvama Institutional Equities According to analysts at Nuvama, JTL Industries posted weak Q1FY26 results due to inventory losses of ₹1,000 per ton, higher discounting for DFT pipes, and a change in product mix. "While JTL may miss H1FY26 guidance of 250,000 tons, it is eyeing 500,000 tons for FY26. Moreover, Ebitda per ton guidance is now down to ₹4,000 from ₹4,200–4,400 earlier. Given a subdued showing and weak commentary, we are cutting FY26E/27E/28E EPS by 14 per cent each. Considering the constant underperformance, we are cutting the target multiple from 22x to 18x," the brokerage said. Nuvama has maintained a 'Buy' rating with a target price of ₹110. Axis Securities "With the phase-wise volume expansion in progress, we model Revenue/Ebitda/PAT CAGR of 25/36/26 per cent over FY25-28E. After the weak Q1FY26 results, we cut our FY26/27 Ebitda estimates as we factor in lower sales price realisation," Axis Securities said in a note. According to the brokerage, execution of the growth projects and market acceptance of the key DFT, colour-coated, GI Coil, and ARW pipes, which the company will introduce over the upcoming quarters, will be the key monitorables. Axis Securities has maintained a 'Hold' rating on the stock with a target price of ₹78 About JTL Industries JTL Industries, formerly JTL Infra, was incorporated in July 1991. The company is primarily engaged in the manufacturing and selling of Iron and Steel products. The Company is an integrated manufacturer and supplier of steel tubes, pipes and allied products. It also manufactures steel tubes for belt conveyor idlers, water wells, and lancing pipes, serving both automotive and industrial sectors with precision and excellence. The company operates manufacturing facilities in Mangaon (Maharashtra) and Mandi Gobindgarh (Punjab).
Business Standard
7 days ago
- Business
- Business Standard
JTL Inds dips as Q1 PAT slides 47% YoY to Rs 163 cr in FY26
JTL Industries fell 5.01% to Rs 77.42 after the company's consolidated net profit declined 46.83% to Rs 163.24 crore, despite a 5.47% increase in revenue from operations to Rs 5,438.60 crore in Q1 FY26 over Q1 FY25. Profit before tax dropped 46.24% year on year (YoY) to Rs 218.94 crore during the quarter under review. EBITDA tumbled 41.56% to Rs 233.7 crore in Q1 FY26 as compared with Rs 399.9 crore in Q1 FY25. EBITDA margin declined 346 bps to 4.3% in Q1 FY26 as against 7.8% in Q1 FY25. Sales volume increased by 26.53% YoY to 108,406 MT compared to 85,674 MT in Q1FY25. Notably, value-added products contributed 20% to the companys total sales mix, with sales volumes of 22,039 MT, driven by strong demand across key markets. The Mangaon plant has a total installed capacity of 450,000 MTPA, including 250,000 MTPA with Direct Forming Technology (DFT). An additional 300,000 MTPA capacity for ARW/API-grade ERW pipes is expected to be commissioned within a year. Furthermore, the company is adding 400,000 MTPA of GI COIL capacity, enhancing the pre-galvanized product range, with commissioning expected by Q3FY26. A 600,000 MTPA color-coated coil capacity is also being added, enhancing the color-coated product range by H1FY27, the company stated in the exchange filing. The demand for structural steel tubes is driven by government commitments to bolster infrastructure in sectors such as construction, oil & gas, water supply, and agriculture. The Indian warehousing sector is projected to experience significant growth, with demand expected to reach approximately 1.2 billion square feet by 2027. JTL Industries is amongst the fastest-growing steel tube manufacturers, and its registered office is in Chandigarh. The company has manufacturing facilities in Punjab, Maharashtra, and Chhattisgarh. Its product offering includes GI pipes, MS black pipes, hollow sections, and solar structures, which cater to diverse industrial and infrastructural applications.
Business Standard
7 days ago
- Business
- Business Standard
JTL Industries consolidated net profit declines 46.84% in the June 2025 quarter
Sales rise 5.47% to Rs 543.86 crore Net profit of JTL Industries declined 46.84% to Rs 16.32 crore in the quarter ended June 2025 as against Rs 30.70 crore during the previous quarter ended June 2024. Sales rose 5.47% to Rs 543.86 crore in the quarter ended June 2025 as against Rs 515.67 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 543.86515.67 5 OPM % 4.307.75 - PBDT 26.3342.61 -38 PBT 21.8940.72 -46 NP 16.3230.70 -47
Hans India
16-07-2025
- Business
- Hans India
JTL Industries' Q1 net profit falls nearly 47 pc, revenue rises 5.5 pc
Mumbai: Chandigarh-based JTL Industries Limited on Wednesday announced that the company's consolidated net profit fell by 46.8 per cent year-on-year (YoY) to Rs 16.3 crore in the first quarter (Q1) of FY26, compared to Rs 30.7 crore in the same quarter previous year (Q1 FY25). Despite the fall in profit, the company's revenue from operations increased by 5.5 per cent to Rs 544 crore in Q1, up from Rs 516 crore in the year-ago period, according to its stock exchange filing. JTL's operating performance also weakened during the quarter. Its EBITDA dropped by 41.5 per cent to Rs 23.4 crore from Rs 40 crore the previous year. The EBITDA margin slipped to 4.3 per cent, down from 7.8 per cent -- reflecting pressure on margins. The shares closed Wednesday's intra-day trading session at Rs 81.16 on the National Stock Exchange (NSE), down by Rs 1.96 or 2.36 per cent. In the last five days, the stock has delivered an almost flat to negative return of Rs 0.43 or 0.53 per cent. In the past month, the share price of JTL Industries surged by Rs 1.66 or 2.09 per cent. Over the last six months, the shares have declined by Rs 23.72 or 22.62 per cent. On a year-to-date basis, the stock is down by Rs 14.09 or 14.79 per cent. In the past year, the shares have fallen by Rs 32.27 or 28.45 per cent. JTL Industries, formerly known as JTL Infra Limited, is an Indian manufacturer and exporter of steel tubes and pipes. It specialises in electric resistance welded (ERW) black pipes and hollow sections, catering to sectors like agriculture, water distribution, energy, construction, and general engineering. Founded in 1991, the company has over three decades of experience in the industry. It operates four manufacturing plants across Punjab, Chhattisgarh, and Maharashtra, and exports to countries like Germany, Belgium, Greece, and the West Indies. The company's distribution network spans across India, with branch offices in Delhi, Mumbai, and Chandigarh. The company has steadily evolved over the years, expanding from basic ERW black pipes to value-added products such as galvanised steel pipes and solar module mounting structures. Key leadership at JTL includes Founder and Promoter Vijay Kumar Singla, CFO Atul Garg, and CEO Madan Singla.
Business Standard
10-07-2025
- Business
- Business Standard
JTL Industries commissions new ERW pipe manufacturing
JTL Industries announced a significant capacity expansion initiative with the planned commissioning of a new Electric Resistance Welded (ERW) pipe manufacturing line, specifically targeted to serve the ASTM/API-grade pipe market. The new line will enable JTL to manufacture pipes in the following specifications: h - Round pipes: 6 to 20 (168 mm OD to 508 mm OD) h - Square sections: 130 mm x 130 mm to 400 mm x 400 mm h - Rectangular sections: 100 mm x 160 mm to 300 mm x 500 mm h - Thickness range: 4 mm to 16 mm This facility will add a substantial annual capacity of 3,00,000 MTPA, strengthening JTLs position in the value-added and high-strength steel pipe segments. The new line is scheduled to be fully installed and operational within 12 months.
