JTL Infra Ltd reports Q1FY22 earnings

JTL Infra Ltd has announced the financial results for the period ended June 30, 2021.

Financial Performance Highlights

Performance Review for Q1 FY2022 vs. Q1 FY2021

- Sales Volumes higher by 175.46% to 29,235 metric tons from 10,613 metric tons

- Net Revenue increased by 252.74% to Rs. 17,902.23 Lakhs compared to Rs. 5,075.13 Lakhs

- EBIDTA at Rs. 1,087.16 Lakhs compared to Rs. 235.63 Lakhs, higher by 361.38%

- PBT at Rs. 1,075.89 Lakhs as compared to Rs 167.41 Lakhs, increased by 542.67%

- Profit after tax at Rs. 805.11 Lakhs compared to Rs. 125.25 Lakhs, higher by 542.80%

Other Developments

- The Company moved forward with its plan to achieve higher volumes and move towards the strategic goal of achieving 1 mn ton capacity.

- The Company supplied approx. 3700 MT Galvanized Pipes to Himachal Pradesh Government Agencies for Jal Jeevan Mission. This mission is a huge opportunity for the Company as this is one of Government of India's biggest infrastructure outlays of Rs 3.5 lakh crores.

- JTL Infra Limited being recognized supplier of GI Pipes with various state government agencies is receiving continuous orders worth millions under JJM Scheme and is a proud partner to the government initiatives to expand the 'water footprint' to every household.

- The Company has initiated a branding campaign to bolster its market share and further strengthen its positioning in Punjab Region.

Shares of JTL INFRA LTD. was last trading in BSE at Rs. 553.3 as compared to the previous close of Rs. 554.25. The total number of shares traded during the day was 3433 in over 146 trades.

The stock hit an intraday high of Rs. 565.95 and intraday low of 545. The net turnover during the day was Rs. 1888982.

Source : Equity Bulls

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