JTL Industries’ Profit in June Quarter Down by 46.1%
By Ankur Chandra | Published at: Jul 17, 2025 10:23 AM IST
Chandigarh, July 17, 2025: Shares of JTL Industries Ltd (NSE: JTLIND) saw a decline of 5% to ₹77.51 as of 10:00 AM on Thursday. This followed the company’s profit declining by 46.1% in June quarter.
Stock Performance Snapshot (as of 10:00 AM IST)
| Metric | Value |
|---|---|
| Last Traded Price | ₹77.51 |
| Change | -₹4.12 (–5.00%) |
| Previous Close | ₹81.63 |
| Day’s Range | ₹76.00 – ₹79.62 |
| Volume Weighted Avg. | ₹77.72 |
| Traded Volume | 17.84 lakh shares |
| Market Cap | ₹3,055.42 crore |
Q1 FY26 Financial Highlights
JTL Industries reported revenue from operations of ₹5,439 million, indicating a 15.85% sequential (QoQ) and 5.47% year-on-year (YoY) increase. Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) stood at ₹234 million, showing a 31.13% improvement sequentially but a significant 41.56% decline YoY. More notably, the net profit (PAT) fell by 46.1% YoY to ₹165 million, with the PAT margin contracting to 3.0%. Diluted Earnings Per Share (EPS) stood at ₹0.37, a considerable drop from ₹0.83 in Q1 FY25. The contraction in both EBITDA and PAT margins suggests pressure on profitability despite higher sales volume.
Quarterly Financial Performance
| Particulars | Q1 FY26 | Q4 FY25 | QoQ Change | Q1 FY25 | YoY Change |
|---|---|---|---|---|---|
| Sales Volume (MT) | 1,08,406 | 90,473 | +19.8% | 96,400 | +12.4% |
| Revenue (₹ Mn) | 5,438.6 | 4,694.7 | +15.85% | 5,156.7 | +5.47% |
| EBITDA (₹ Mn) | 233.7 | 178.2 | +31.13% | 399.9 | -41.56% |
| EBITDA Margin (%) | 4.3% | 3.8% | +50 bps | 7.8% | -346 bps |
| PAT (₹ Mn) | 165.5 | 168.3 | -1.64% | 307.0 | -46.1% |
| PAT Margin (%) | 3.0% | 3.5% | -51 bps | 5.9% | -290 bps |
Diluted EPS stood at ₹0.37 compared to ₹0.83 in Q1 FY25.
Segment & Strategic Highlights
- Sales Mix: Of the 1.08 lakh MT sold, 94% was domestic (1,02,003 MT), and 6% was export (6,404 MT).
- Value-Added Products (VAP): Contributed 20% of volumes vs. 11% in Q1 FY25.
- Brass Foil Entry: Produced its first batch of 0.04 mm ultra-thin brass foil via a job-work model for defence and industrial applications.
- Capacity Expansion: New ERW pipe manufacturing line being commissioned to serve high-thickness, API-grade pipes for oil & gas and CGD.
Management Commentary
“Q1 FY26 began with new product launches and capacity expansion initiatives. We posted our highest-ever quarterly sales volume-a testament to our growing domestic and export presence. Our value-added product share rose significantly, and strategic moves like entering the brass foil segment further diversify our offerings,” said the company in its earnings release.
What’s Next?
Despite record sales volume, JTL Industries’ sharp decline in profit and margin compression has spooked investors. The stock may remain under pressure in the short term as markets reassess earnings quality amid rising costs. However, the company’s strategic steps-such as expanding value-added product share, entering the brass foil segment, and enhancing capacity-could drive long-term growth. Investors will be watching upcoming quarters closely to see if profitability rebounds alongside continued volume momentum.
About the Company
JTL Industries Ltd, listed on the NSE and BSE since 12 June 2023, is a key player in the steel pipes sector. The company specialises in GI (Galvanised Iron), MS black pipes, and hollow sections, with manufacturing units strategically located across Punjab, Maharashtra, and Chhattisgarh. It boasts a substantial pipe production capacity of approximately 9.36 lakh MTPA and an additional 3 lakh MTPA for backwards integration. Recognised as a Star Export House, JTL Industries is also a constituent of the NIFTY Total Market index, reflecting its broad market presence.
REF: https://nsearchives.nseindia.com/corporate/JTLIND_16072025215034_EarningsRelease16072025.pdf
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