Q1 results: JTL Industries' net profit increases 21%

JTL Industries - a steel tube manufacturing company that specializes in producing black steel pipes, pre-galvanized and galvanized steel pipes - has reported a 21 per cent rise in its net profit at Rs 30.70 crore for the quarter ended June 30.

The company had posted a profit of Rs 25.36 crore in the April-June period of the preceding 2023-24 fiscal.

Its revenue from operations rose to Rs 515.37 crore from Rs 504.80 crore in the year-ago quarter.

Earlier, JTL Industries reported Rs 20,402.3 million in the financial year ending March 31, 20424. The company had also achieved its highest-ever sales volume of 3,41,846 MTPA for FY24. JTL also reported a growth in net profit, which surged by 25.39 per cent to Rs 113.01 crore for the year ended March 2024, up from Rs 90.13 crore in the previous fiscal year.