JTL Infra Limited reports highest ever sales volume of 38,715 MT in Q4FY21

JTL Infra Limited, one of India's fastest growing producers of ERW Steel Tubes and Pipes, today announces its sales volume performance for the quarter and year ended March 31, 2021. The Company registered a healthy sales volume of 38,715 Metric Tonne in Q4 FY21. The volume increased by 98.42% QoQ and 66.41% YoY. Whereas it registered a robust growth of 73.66% on yearly basis, sales volume of FY21 is 82,710 Metric Tonne as compared to 47,627 Metric Tonne in FY20. The company's newly commissioned Mangaon Plant along with recently acquired Mandi Gobindgarh plant are contributing to the sales in significant way, leading the additional growth.

Other developments:

- The Board of Directors of the Company, to augment the long-term resources of the Company and to fund the ongoing capex, future expansion and working capital margin, during the quarter ended March 31, 2021 allotted 25,00,000 fully convertible warrants, on preferential basis, pursuant to members approval obtained for this purpose.

- In line with the Company's well-thought-out long-term business strategy of consolidation of existing businesses and geographically diversifying and expanding its manufacturing footprint in emerging markets across India:

a) completed the integration of recently acquired manufacturing facility at Mandi Gobindgarh, Punjab with the Company's businesses.

b) scaled up the production at Mangaon Plant - company's newly commissioned state of the art manufacturing facilities, already having installed capacity of 1 Lacs MTPA and trial production for another 1 Lac MTPA capacity is expected shortly.

a) expanding its product offering in other products segments to reduce its dependency on hot-dipped Galvanised Pipes.

Shares of JTL INFRA LTD. was last trading in BSE at Rs.558.7 as compared to the previous close of Rs. 532.1. The total number of shares traded during the day was 48096 in over 345 trades.

The stock hit an intraday high of Rs. 558.7 and intraday low of 546. The net turnover during the day was Rs. 26828033.

Source : Equity Bulls

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