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JTL Industries Q1 Profit Up 21% to Rs 31 Cr | Steel Pipes Maker

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By Rediff Money Desk, New Delhi   Jul 10, 2024 19:02

JTL Industries, a leading steel pipes maker, reported a 21% rise in net profit for the June quarter, driven by higher revenue and a production capacity of over 6 lakh metric tonnes per year.
JTL Industries Q1 Profit Up 21% to Rs 31 Cr | Steel Pipes Maker
New Delhi, Jul 10 (PTI) Steel pipes maker JTL Industries Ltd on Wednesday reported a 21 per cent rise in its net profit at Rs 30.70 crore for the quarter ended June 30, aided by higher revenues.

It had posted a profit of Rs 25.36 crore in the April-June period of the preceding 2023-24 fiscal, the company said in an exchange filing.

Its revenue from operations rose to Rs 515.37 crore from Rs 504.80 crore in the year-ago quarter.

The company's expenses were Rs 478.83 crore against Rs 471.66 crore a year ago.

JTL Industries is a leading producer of electric resistance welded steel pipes with a production capacity of more than 6 lakh metric tonnes per year.
Source: PTI
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