JTL Industries’ sales grow 54%

New Delhi: Steel pipes manufacturer JTL Industries has posted 54.66 per cent growth in sales at 1.59 lakh tonne (LT) for April-September period of the ongoing fiscal year. The company has also registered 56.78 per cent rise in sales volumes at 81,686 tonne in July-September, JTL Industries said in a regulatory filing. The firm attributed the surge in sales numbers to robust demand for structural steel tubes and pipes in both domestic and international markets. While sales in the first half of FY23 was 1.02 lakh tonne, sales in the second quarter of that fiscal was 52,101 tonne, the filing said. Sales of value-added products rose to 60,708 tonne in H1 FY24 from 40,221 tonne in H1 FY23. “This quarter we recorded our highest ever quarterly sale volume over Q2 FY23 period reflecting the continued patronage from our domestic and international clients. We also achieved a significant milestone by recording our highest-ever H1 sales volume demonstrating a robust growth rate.