JTL Industries Ltd

Raj Television Network Ltd, Ratnabhumi Developers Ltd, Balu Forge Industries Ltd and Industrial Investment Trust Ltd are among the other losers in the BSE's 'B' group today, 16 April 2025.JTL Industries Ltd tumbled 18.41% to Rs 66 at 14:32 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 5.66 lakh shares were traded on the counter so far as against the average daily volumes of 77229 shares in the past one month.Raj Television Network Ltd lost 10.00% to Rs 58.32. The stock was the second biggest loser in 'B' group.On the BSE, 62786 shares were traded on the counter so far as against the average daily volumes of 26183 shares in the past one month.Ratnabhumi Developers Ltd crashed 9.98% to Rs 112.7. The stock was the third biggest loser in 'B' group.On the BSE, 102 shares were traded on the counter so far as against the average daily volumes of 14299 shares in the past one month.Balu Forge Industries Ltd corrected 9.32% to Rs 577. The stock was the fourth biggest loser in 'B' group.On the BSE, 3.38 lakh shares were traded on the counter so far as against the average daily volumes of 1.48 lakh shares in the past one month.Industrial Investment Trust Ltd fell 8.21% to Rs 208. The stock was the fifth biggest loser in 'B' group.On the BSE, 3255 shares were traded on the counter so far as against the average daily volumes of 9063 shares in the past one month.Powered by Capital Market - Live

JTL Industries (JTL) announced the incorporation of JTL Engineering as a subsidiary of the Company, previously operating as a partnership firm under the name of Nabha Steels & Metals. Following this transition, all sales and revenues operations from JTL Engineering (formerly Nabha Steels & Metals) will now be directly reflected under JTL's consolidated financials, streamlining financial reporting and reinforcing operational transparency. The 9M FY25 sales volume of JTL Engineering (formerly Nabha Steels & Metals) stood at 33,277 MT. Powered by Capital Market - Live

JTL Industries announced that the company has been granted permission by the National Company Law Tribunal (NCLT) to commence operations at the RCI Industries & Technologies plant. JTL has entered in an MOU with RCI for production of up to 200MT/month of copper and brass alloys via job-work. RCI Industries & Technologies, founded in 1992, is a listed entity with a market capitalization of Rs. 9 crores. The company's manufacturing plant in Baddi, Himachal Pradesh spans 27,000 sq. meters, boasting an installed capacity of 15,000 MTPA for copper and brass strips. Of this, up to 6,000 MTPA can be dedicated to the production of value-added products as per demand. This highly value-accretive strategic acquisition was entered into considering JTL's goals to expand across new sectors, particularly defense supplies. As India is focused on self-reliance and indigenous manufacturing through initiatives like Make in India, JTL recognized the acquisition as an opportunity to supply bullet casings and other non-ferrous metal products critical to the defense sector. Once the transaction closure is approved by the NCLT, this plant will be under complete ownership of JTL and is expected to significantly contribute to the topline by FY27. Powered by Capital Market - Live

JTL Industries announced the receipt of a significant order to supply 3,000 metric tonnes of Galvanized Iron (GI) pipes of assorted sizes. The order, valued at Rs 24 crore, has been placed by the Public Health Engineering (PHE) Department, Jammu, as part of the Jal Jeevan Mission (JJM). The delivery is scheduled to be completed within the next 30 days. Launched by Prime Minister Narendra Modi on 15 August 2019, JJM has transformed rural water access, increasing tap water coverage from 3.23 crore (17%) households at launch to 15.44 crore (79.74%) as of 01 February  2025. The government has now extended JJM until 2028 with an enhanced outlay, as the final 20% coverage requires significant infrastructure investments, advanced execution strategies, and greater last-mile connectivity efforts. The Jal Shakti Ministry estimates an additional Rs 4 lakh crore will be required to complete the mission, with Rs 67,000 crore allocated for FY 2025-26 alone. Given these developments, JTL Industries, as a key supplier in JJM, stands to benefit significantly. The company has a strong track record in delivering high-quality GI pipes for water infrastructure projects and is well-positioned to capture additional opportunities arising from the government's renewed focus on quality, sustainability, and long-term water security.Powered by Capital Market - Live

The order, valued at Rs 24 crore, has to be delivered within the next 30 days. Launched in 2019, Jal Jeevan Mission (JJM) has transformed rural water access, increasing tap water coverage from 3.23 crore (17%) households at launch to 15.44 crore (79.74%) as of 01 February 2025. The Jal Shakti Ministry estimates an additional ₹4 lakh crore will be required to complete the mission, with Rs 67,000 crore allocated for FY 2025-26 alone. Given these developments, JTL Industries, as a key supplier in JJM, stands to benefit significantly. Commenting on the above development, the management of the company said: 'We are pleased to announce this significant order from the PHE Department, Jammu, under the Jal Jeevan Mission. The extension of JJM presents significant opportunities, and with our established track record as a trusted supplier to the government, JTL is well-positioned to support its next phase. As investments in water infrastructure rise, we see significant opportunities to create long-term stakeholder value, enhancing our visibility in the sector and further solidifying our commitment to India's water security and rural development. JTL Industries is amongst the fastest-growing steel tube manufacturers, and its registered office is in Chandigarh. The company has manufacturing facilities in Punjab, Maharashtra, and Chhattisgarh. Its product offering includes GI Pipes, MS Black Pipes, hollow sections, and Solar Structures, which cater to diverse industrial and infrastructural applications. The company's consolidated net profit fell 5.6% to Rs 26.36 crore in Q2 FY25 as against 27.91 crore posted in Q2 FY24. Revenue from operations decreased 4.5% YoY to Rs 479.55 crore in the quarter ended 30 September 2024. The company's consolidated net profit declined 17.36% to Rs 24.94 crore on a 20.44% fall in sales to Rs 451.43 crore in Q3 FY25 as compared with Q3 FY24. Powered by Capital Market - Live

JTL Industries announced its entry in a new value-added product category, i.e. lattice towers. The company has set up a new plant at Derabassi, Punjab with a production capacity of 1,500 tons per month. This greenfield project is to be built on 12 acre of land recently acquired by the company, which will commence operations by H2FY26. Lattice tower is a part of the Indigenous Train Collision Avoidance System (also known as Automatic Train Protection System or Kavach), which contributes to help the Railways in achieving the goal of 'Zero Accidents'. This value-added product also finds its application at intersections in sectors like Telecommunications, Steel Building Materials & Railways. Powered by Capital Market - Live

Net profit of JTL Industries declined 17.36% to Rs 24.94 crore in the quarter ended December 2024 as against Rs 30.18 crore during the previous quarter ended December 2023. Sales declined 20.44% to Rs 451.43 crore in the quarter ended December 2024 as against Rs 567.39 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales451.43567.39 -20 OPM %7.787.49 - PBDT35.9441.83 -14 PBT33.6940.33 -16 NP24.9430.18 -17 Powered by Capital Market - Live

JTL Industries will hold a meeting of the Board of Directors of the Company on 28 January 2025.Powered by Capital Market - Live

The company clarified that this transaction does not qualify as a related party transaction and there are no potential conflicts of interest arising from the agreement. JTL Industries is amongst the fastest-growing steel tube manufacturers, and its registered office is in Chandigarh. The company has manufacturing facilities in Punjab, Maharashtra, and Chhattisgarh. Its product offering includes GI Pipes, MS Black Pipes, hollow sections, and Solar Structures, which cater to diverse industrial and infrastructural applications. The company's consolidated net profit fell 5.6% to Rs 26.36 crore in Q2 FY25 as against 27.91 crore posted in Q2 FY24. Revenue from operations decreased 4.5% YoY to Rs 479.55 crore in the quarter ended 30 September 2024. The scrip rose 0.11% to Rs 94.30 on the BSE. Powered by Capital Market - Live

Net profit of JTL Industries declined 5.55% to Rs 26.36 crore in the quarter ended September 2024 as against Rs 27.91 crore during the previous quarter ended September 2023. Sales declined 4.49% to Rs 479.55 crore in the quarter ended September 2024 as against Rs 502.10 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales479.55502.10 -4 OPM %6.227.45 - PBDT36.9439.16 -6 PBT34.8237.81 -8 NP26.3627.91 -6 Powered by Capital Market - Live