JTL Industries Limited (BSE: 534600, NSE: JTLIND) is a fast-growing dynamic steel tube manufacturing company that specializes in producing Black Steel Pipes, Pre-Galvanized and
Galvanized Steel Pipes, large-diameter steel tubes and pipes, and hollow structures. The board has announced that it has approved allotment of equity shares to qualified institutional buyers LIC MF funds, Morgan Stanley, BoFA securities, SocieteGenerale, amongst other FPIs, raising a total of Rs. 299.99 Cr.
Earlier, company reported robust earnings for Q1FY25. In Q1FY25, JTL Industries delivered stable financial results, demonstrating sustained growth year-over-year. Our revenue for the quarter reached Rs.5,153.8 Mn, up from Rs.5,048.0 Mn in Q1FY24, driven by strategic market expansion, increased product demand, higher sales volumes, and enhanced product offerings.
EBITDA for Q1FY25 stood at Rs.438.6 Mn, reflecting a 20.8% increase from Q1FY24, underscoring our efficient cost management and operational excellence. The EBITDA margin improved to 8.5% in Q1FY25, up from 7.2% in Q1FY24, driven by our strategic focus on high-margin products and increasing scale.
Sales volume grew by 10.8% year-over-year, reaching 85,674 MT in Q1FY25 compared to 77,342 MT in Q1FY24. Notably, value-added products contributed 25% to its total sales mix, with sales volumes of 21,261 MT. Quarterly export volumes reached a record high of 5,917 MT, a robust 31.4% increase from Q1FY24.
According to its internal schedule, the company have successfully commercialized the first phase of Nabha Steels and Metals which began operations in June, achieving strong performance with total sales of 10,726 MT. This acquisition marks a significant milestone in our backward integration strategy, enhancing yield, generating synergies, and boosting profitability.