JTL Industries reported a 47% jump in net profit to Rs 30.18 crore in Q3 FY24, driven by strong revenue growth. Read more.
New Delhi, Jan 12 (PTI) Steel pipes maker JTL Industries Ltd on Friday reported a 47 per cent rise in its net profit at Rs 30.18 crore in the third quarter ended December 31.
It had posted a profit of Rs 20.49 crore in the October-December period of preceding 2022-23 fiscal, the company said in an exchange filing.
Its total income rose to Rs 568.33 crore from Rs 344.42 crore in the year-ago quarter.
Expenses were at Rs 527.99 crore as against Rs 316.70 crore a year-ago.
The company's net profit in the April-December period increased to Rs 83.46 crore from Rs 53.47 crore in the year-ago period, the filing said.
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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