JTL Industries Ltd (BOM:534600)
ā‚¹ 230.45 0.85 (0.37%) Market Cap: 45.29 Bil Enterprise Value: 44.45 Bil PE Ratio: 35.26 PB Ratio: 5.27 GF Score: 98/100

Q1 2025 JTL Industries Ltd Earnings Call Transcript

Jul 11, 2024 / 10:30AM GMT
Release Date Price: ā‚¹224.7 (+3.31%)

Key Points

Positve
  • Revenue for Q1 FY25 reached INR5,150 million, up from INR5,050 million last year, driven by strategic market expansion and increased product demand.
  • EBITDA for Q1 FY25 stood at EUR438 million, reflecting a 21% increase from Q1 FY24, underscoring efficient cost management and operational excellence.
  • Sales volume grew by 10% year on year, reaching 85,674 metric tons in Q1 FY25 compared to 77,342 metric tons in Q1 FY24.
  • Quarterly exports hit an all-time high at 7% of total sales, with export sales of 5,970 metric tons.
  • The company successfully launched the first wave of backward integration strategy, achieving a milestone of 10,000 tons, enhancing the product portfolio and boosting profitability.
Negative
  • Competitive intensity in the industry is increasing, which may put pressure on margins and volume growth.
  • The integration of Nabha Steel is still in progress, and its full contribution to JTL Industries' revenue and EBITDA is yet to be realized.
  • The company experienced a weak quarter in terms of volume growth, partially due to election-related slowdowns.
  • Capacity utilization is currently around 55-60%, which is relatively low, raising questions about the timing of further capacity expansions.
  • Other expenses have increased this quarter, though specific details were not provided during the call.
Operator

Ladies and gentlemen. Good day, and welcome to the JTL Industries Q1 FY25 conference call hosted by Nuvama Wealth Management. (Operator Instructions) I now hand the conference over to Mr. Souvik Mohanty from Nuvama Wealth Management Thank you. And over to you, sir.

Souvik Mohanty
Nuvama Wealth Management Ltd. - Analyst

Thank you, [Sagar]. Good morning all. We welcome you all to the JTL, Q1 FY25 conference call. We're joined today by the senior management of JTL Industries represented by Mr. Atul Garg, CFO; Mr. Pranav Singla, Whole-Time Director; and Mr. Dhruv Singla, Whole-Time Director. We will now start with the opening remarks by the management followed by the Q&A. I would now like to hand over this call to Mr. Pranav Singla for his brief opening remarks, over to you Pranav.

Pranav Singla
JTL Industries Ltd - Executive Director

Good evening everybody. Thanks for Souvik (inaudible) all of hosting the call today and thank everybody for joining us today. I am delighted to welcome you all to the JTL Industries

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