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JTL Infra posts highest ever quarterly and yearly sales volume in Q4 and FY22
Posted On : 2022-04-02 21:58:34( TIMEZONE : IST )
JTL Infra Limited, engaged in the manufacturing of, Galvanised and without coated (MS Black) Steel Tubes and Pipes and Solar Structures, today announces its sales volume performance for the fourth quarter ended March 31, 2022.
Q4FY22
The company registered the highest sales volume ever of 44158 metric tonnes in Q4FY22. Better availability of raw material, coupled with strong recovery in the domestic market and good growth in exports led to highest ever sales volume. The volume increased by 27.3 per cent QoQ and 14.1 per cent YoY.
Domestic contributed 92 percent of volume and export contributed 8 per cent of volume.
FY22
The company registered highest sales volume ever of 148277 metric tonnes in FY22. The volume increased by 70.9% over the corresponding period.
Domestic contributed 90 percent of volume and export contributed 10 percent of volume.
Other highlights
- The company has added capacity of 1 lakh MTPA in Mangaon Plant. Commercial production started from the new line commenced from March 30, 2022.
With the commissioning of new line, the company will now be able to manufacture upto 8 mm thickness pipe.
These pipes can be used as Structural Steel for construction industry related applications. With the available size, company can also enter into new market which remain untapped by the company for reason of production constraints.
FY22 Sales Volume
- Under Jal Jeevan Mission (JJM), company has been supplying Galvanised Pipes to State Government Agencies. JJM is envisioned to provide safe and adequate drinking water through individual household tap connection by 2024.
During the period the company has received order of 2618 metric tonnes of Galvanised Pipes for Himachal and Sri Nagar Region. The supply will commence in coming months.
- The company ongoing expansion by another 1 lakh MTPA at Mandi Gobindgarh, Punjab, plant is expected to complete by first half of Q1FY23. Mandi Gobindgarh is recognized as hub of the steel and its allied products market.
The commission of the line will give stronghold to the company for North, Central and western markets.
