Net profit of JTL Industries declined 19.37% to Rs 29.55 crore in the quarter ended March 2024 as against Rs 36.65 crore during the previous quarter ended March 2023. Sales declined 1.42% to Rs 465.94 crore in the quarter ended March 2024 as against Rs 472.63 crore during the previous quarter ended March 2023.For the full year,net profit rose 25.39% to Rs 113.01 crore in the year ended March 2024 as against Rs 90.13 crore during the previous year ended March 2023. Sales rose 31.63% to Rs 2040.23 crore in the year ended March 2024 as against Rs 1549.92 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales465.94472.63 -1 2040.231549.92 32 OPM %7.8911.17 -7.468.35 - PBDT39.7151.52 -23 155.77127.95 22 PBT38.1650.35 -24 150.21123.70 21 NP29.5536.65 -19 113.0190.13 25 Powered by Capital Market - Live News

JTL Industries announced that the Board of Directors of the Company at its meeting held on 10 May 2024, has recommended a Final dividend of Rs.0.25 per share (i.e.12.5%), subject to the approval of the shareholders.Powered by Capital Market - Live News

JTL Industries will hold a meeting of the Board of Directors of the Company on 10 May 2024.Powered by Capital Market - Live News

JTL Industries has strategically acquired a controlling stake of 67% in Nabha Steels and Metals, situated in Mandi Gobindgarh, Punjab. This grants JTL ownership of an advanced steel product manufacturing facility. The newly acquired plant has a manufacturing capacity of 200,000 tonnes and focuses on producing steel products such as coils and long steel products such as billets. Nabha Steels and Metals has showcased tremendous revenue growth, increasing from ~Rs. 113 crore in FY23 to ~Rs. 225 crore in FY24. This acquisition will increase JTL`s total backward integration capacity from 150,000 tonnes of coils (previously concentrated solely from the Raipur plant) to 250,000 tonnes of coils and 100,000 tonnes of long products, with backward integrated operations now spanning across Chhattisgarh and Punjab. Powered by Capital Market - Live News

Net profit of JTL Industries rose 47.22% to Rs 30.18 crore in the quarter ended December 2023 as against Rs 20.50 crore during the previous quarter ended December 2022. Sales rose 65.26% to Rs 567.39 crore in the quarter ended December 2023 as against Rs 343.33 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales567.39343.33 65 OPM %7.498.46 - PBDT41.8328.82 45 PBT40.3327.73 45 NP30.1820.50 47 Powered by Capital Market - Live News