JTL Infra Limited, manufacturer of Galvanised and MS (Black) Steel Pipes & Hollow Section and Solar Structures, announced its sales volume for the quarter ended June 30, 2022.
During the quarter, the company achieved a sales volume of 33302MT in Q1FY23 against 29235MT in Q1FY22, implying 13.9% YoY growth.
To improve and enhance the share of value-added products in the product mix, the value-added products contribute 33.5% of volume and witnessed a growth of 8.2% in comparison to the sales volume of Q1FY22.
Sales volume of Q1FY23 declined by 24.5% in comparison to sale volume the company achieved in Q4FY22, basically due to the reasons:
- During the quarter, consumer sentiment remains sluggish with volatility in input costs leading to the postponement of purchases and construction decisions.
- The demand has also been impacted due to the onset of monsoon next month which will pull down demand as constructions will be on hold.
- Due to volatility in steel prices, the industry witnessed de-stocking in the domestic market.
- Under Jal Jeevan Mission (JJM), the company has been supplying Galvanised Pipes to State Government Agencies. JJM is envisioned to provide safe and adequate drinking water through individual household tap connections by 2024.
During the period the company received a sales order of 20000 metric tonnes for the supply of Galvanised Pipes to Jammu & Kashmir.