JTL INDUSTRIES Q2 FY27: ₹700,000 MT CAPACITY EXPANSION TARGETED IN H2 FY27; REVENUE UP 43% YOY, EBITDA UP 46.5%

• Capacity Expansion: Management expects approximately 7 lakh MT of incremental manufacturing capacity to come on stream in Maharashtra during H2 FY27 • New Product Capacity: Expansion focused on value-added products, including GP pipes, colour-coated pipes and roofing sheets • Quarterly Results: Revenue increased 43% YoY but declined 14.9% QoQ to ₹613.8 Cr, while EBITDA grew 46.5% YoY but declined 13.5% QoQ to ₹50.8 Cr • Profitability: PAT increased 30.7% YoY but declined 18.1% QoQ to ₹29 Cr • Margin Improvement: EBITDA margin expanded to 8.3% from 8.1% YoY and 8.1% QoQ, supported by an improving product mix • Sales Volumes: Volumes increased 23.2% YoY but declined 15.2% QoQ to 1,00,484 MT • EBITDA Per Ton: Increased 19% YoY and 2% QoQ to ₹5,053, reflecting improved profitability per tonne despite lower sequential volumes • Capacity Ramp-Up: Management plans to accelerate utilisation of the upcoming Maharashtra capacity and improve production efficiency across existing facilities • Value-Added Product Strategy: Focused on increasing the contribution of DFT structural pipes, galvanised products and engineered steel solutions to improve realisations and margins • Manufacturing Network: Currently operates six manufacturing facilities with approximately 10 lakh MTPA installed capacity • H1 Performance: Revenue increased 37.2% YoY to ₹1,335.4 Cr, EBITDA surged 88.7% to ₹109.5 Cr and PAT grew 66.2% to ₹64.3 Cr • Record H1 Volumes: Sales volumes reached a record 2,18,997 MT, up 20.2% YoY, while EBITDA per tonne increased 57% to ₹5,000 • Profit Adjustment: Q2 PAT includes ₹2.78 Cr additional non-cash depreciation related to JTL Defence asset revaluation; excluding this, normalised PAT stood at ₹31.8 Cr • Export Expansion: Strengthening presence across international infrastructure markets, with exports spanning more than 20 countries across five continents • Infrastructure Opportunities: Targeting growing demand from solar structures, industrial projects, construction, transmission infrastructure and warehousing • Working Capital: Net working capital days improved to 83 from 92 in FY26, while net debt stood at ₹233 Cr as of September 2026 • Capex Progress: Capital work-in-progress increased to ₹213.7 Cr from ₹159 Cr in March 2026, reflecting ongoing investments in manufacturing expansion • Future Growth Strategy: Focused on commissioning Maharashtra capacity, improving utilisation, expanding higher-margin products and strengthening domestic and export market presence • FY27 Guidance: Management expects major capacity additions during H2 FY27 but did not disclose quantified FY27 revenue growth, sales volume, EBITDA margin or total capex guidance

JTL INDUSTRIES LIMITED

← Back to feed