JTL Industries Hit Highest-Ever Quarterly Sales Export Volume

JTL Industries Ltd. had its highest-ever quarterly sales volume in terms of export volume, with growth of 31.4% from 4,503 metric tonnes in the quarter-ending June 2023 to 5,917 MT in the quarter-ending June 2024.

Export sales made up 6.9% of the total sales volume in the quarter-ended June 2024.

The steel tube manufacturing company also had a 10.8% increase in its sales volume, reaching 85,674 MT on a year-on-year basis, reaching 85,674 MT in the quarter-ended June 2024, from 77,342 MT in the quarter-ended June 2023, according to their press release on the BSE.

"This growth is fueled by strategic initiatives and operational excellence, driven by strong demand for structural steel tubes and pipes in infrastructure and industrial sectors in both domestic and international markets," the release said.

For the quarter-ended June 2024, JTL achieved sales volumes of 21,261 MT for value-added products, accounting for 25% of the total sales mix.

The company shared sales figures for the first phase of Nabha Steels and Metals after its acquisition.

"As per our internal schedule, we have successfully completed the commercialisation of the first phase of Nabha Steels and Metals, which began operations in June. This phase has demonstrated a strong performance, achieving overall sales of 10,726 MT," the company said.

They also announced their intention to launch discrete Fourier transform lines to boost their manufacturing capabilities.

"This improvement will allow us to effectively meet the growing demands of our valued customers, supported by the introduction of over 300 value-added stock-keeping units," the company said.

They also expect strong export demand for their structural pipes and are confident that their export contributions will experience substantial growth in the near future.

"A cornerstone of our strategy is our goal to achieve a 50% contribution of value-added products in our total sales mix," the company said.