One of the extremely increasing manufacturing companies of steel tubes in India, JTL Industries Ltd, has announced the addition of lattice towers to their product list.
The addition comes with the setup of a new manufacturing plant in Derabassi, Punjab which is a major step forward in penetrating a new and high potential market. As for JTL Industries, it has a market cap of Rs 3,654 crore.
JTL Industries is one of those rare stocks that reported a 1300% return over five years and an astounding 3900% in a decade. This record makes it not surprising that over the course of a week, the stock increased by 2.5% to Rs 99.19 from the closing price of Rs 88.79. Currently, it also stands at a very comfortable Rs 138.30.
The new Derabassi plant which will be situated on an area of 12 acres has been categorized as a greenfield project and is expected to be operational in the second half of FY26. The plant will specialize in manufacturing lattice towers with a production capacity of 1,500 tons a month. These towers are critical for the KAVACH system, India’s homegrown train collision prevention application, along with applications in telecommunications, steel construction materials, and railway construction.
Regarding this strategy, the company’s management was happy about this decision: “It is a pleasure for us to penetrate into the lattice tower market and diversify our production with the new Derabassi plant. This provides us with the opportunity to further enhance our competitive position. The lattice tower area is promising and is expected to attract investments from both the public and private sectors. Through this expansion, JTL is prepared to increase value for customers and stakeholders, while further asserting our leadership position in the market.”
The company’s net sales and net profit in Q3FY25 amounted to Rs 451.43 crore and Rs 24.94 crore. In comparison, Q3FY24 reported net sales of Rs 567.39 crore and net profit of Rs 30.18 crore. Furthermore, for the first nine months of FY25, JTL reported net sales of Rs 1,446.36 crore and net profit of Rs 82 crore. JTL Industries’ net sales and net profit for FY24 were Rs 2,040.43 crore and Rs 113.01 crore respectively.
Recently, JTL underwent a stock split whereby a single equity share of Rupee 2 face value was split into two shares of Rupee 1. This split took effect on November 14, 2024.
With its headquarters based in Chandigarh, JTL Industries has a pipe manufacturing facility in Punjab, Maharashtra and Chhattisgarh. These plants have a total pipe manufacturing capacity of 6,86,000 MTPA. The company is a Star Export House and operates in the Pipes industry. Its product range includes GI Pipes, MS Black Pipes, Hollow Sections, and Solar Structures which are available in hot dip galvanized, pre-galvanized and MS black grades. These products serve a variety of industrial and infrastructural requirements.
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