JTL Infra Limited reports Q3FY21 earnings

JTL Infra Limited has announced the financial results for the quarter (Q3 FY2020-21) and 9 months ended December 31, 2020.

Performance Review for Q3 FY2021 vs. Q3 FY2020

- Sales Volumes higher by 31.31% to 19,512 metric tons from 14,859 metric tons
- Net Revenue grew by 55.57% to Rs. 100,94.36 Lakhs compared to Rs. 6,488.69Lakhs
- EBIDTA at Rs. 857.67 Lakhs compared to Rs. 528.12 Lakhs, higher by 62.40%
- PBT at Rs. 670.87 Lakhs as compared to Rs. 399.94 Lakhs, increased by 67.74%
- Net Profit after tax at Rs. 501.55 Lakhs compared to Rs. 299.26 Lakhs, higher by 67.60%

Performance Review for Q3 FY2021 vs. Q2 FY2021

- Sales Volumes grew by 21.19% to 19,512 metric tons from 16,100 metric tons
- Net Revenue grew by 26.37% to Rs. 100,94.36 Lakhs compared to Rs. 7,987.96 Lakhs
- EBIDTA at Rs. 857.67 Lakhs compared to Rs. 537.16 Lakhs, increase of 59.67%
- PBT at Rs. 670.87 Lakhs as compared to Rs. 383.74 Lakhs, higher by 74.82%
- Net Profit after tax at Rs. 501.55 Lakhs compared to Rs. 287.16 Lakhs, higher by 74.66%

Performance Review for 9M FY2021 vs. 9M FY2020

- Sales Volumes by 43.01% to 46,226 metric tons from 32,323 metric tons
- Net Revenue grew by 51.60% to Rs. 23157.45 Lakhs compared to Rs. 15275.30 Lakhs
- EBIDTA at Rs. 1630.45 Lakhs compared to Rs. 1228.76 Lakhs, higher by 32.69%
- PBT at Rs. 1222.02 Lakhs as compared to Rs. 923.89 Lakhs, higher by 32.27%
- Net Profit after tax at Rs. 913.96 Lakhs compared to Rs. 691.31 Lakhs, higher by 32.21%

Production at Mangaon, Maharashtra Plant

The production at company's newly commissioned Mangaon manufacturing facility is now stabilized, sales efforts have started yielding results, capacity utilization is on uptrend and as such this facility is expected to contribute substantially and incrementally from next quarter of the current fiscal.

Further, second phase of expansion to increase the installed capacity of this state of art greenfield project by another 1,00,000 MTPA is as per the schedule and shall be in commercial production during first half of FY2022. This makes the total installed capacity of Mangaon facility 2,00,000 MTPA.

Mandi Gobindgarh, Punjab Plant

The operations of Mandi Gobindgarh facility have been integrated with JTL Infra Limited effective from 24th November, 2020 and as such the contribution from this plant is from 24th November, 2020 onwards only.

Investment in Latest Technology

The Mangaon, Maharashtra plant has been installed, including its expansion currently under commissioning, with latest technology to function with maximum efficiency to achieve higher economies of scale and high-quality end products. Along with this, other plants are also being refurbished and will adopt the new and latest technology by mid FY22.

Allocation of Warrants

To augment the long-term resources of the Company and to fund the ongoing capex, future expansion and working capital margin, on 26th December 2020 the Board of Directors of the Company has approved issuance of 25,00,000 fully convertible warrants, on preferential basis, at issue price of Rs. 180 per warrant.

Shares of JTL INFRA LTD. was last trading in BSE at Rs.246.95 as compared to the previous close of Rs. 235.2. The total number of shares traded during the day was 39245 in over 394 trades.

The stock hit an intraday high of Rs. 246.95 and intraday low of 240.05. The net turnover during the day was Rs. 9665662.

Source : Equity Bulls

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