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