4,250 per cent returns: Multibagger iron & steel stock in green after the company announces stellar quarterly results & nine-month results!

The stock gave multibagger returns of 800 per cent in 3 years and a whopping 4.250 per cent in a decade.

Today, shares of JTL Industries Limited surged 3.35 per cent to an intraday high of Rs 255.90 per share from its previous closing of Rs 247.60 per share. The stock’s 52-week high is Rs 267.45 and its 52-week low is Rs 142.75.  

Founded in 1991, JTL Industries Ltd. has quickly risen to become a leading steel tube manufacturer in India, boasting 4 state-of-the-art facilities, 10 brands, and a diverse product range serving 7 industries across B2B, B2G, OEM, and international markets. With 1,000+ SKUs, 600+ skilled employees, and a reach spanning 800+ dealers and 20+ countries, JTL is primed for future expansion thanks to its vast landbank and commitment to innovation.

The company announced Quarterly Results and the nine-month results for the fiscal year 2024. Here are the details:

According to quarterly results, the net sales increased by 65.26 per cent to Rs 567.35 crore and net profit increased by 47.24 per cent to Rs 30.18 crore in Q3FY24 compared to Q3FY23. According to the nine-month results (9M FY24), the net sales increased by 46.1 per cent to Rs 1,574.3 crore and net profit increased by 56.1 per cent to Rs 83.5 crore in 9M FY24 compared to 9M FY23. The net sales increased by 15 per cent to Rs 1,547 crore and net profit increased by 48 per cent to Rs 90 crore in FY23 compared to FY22.  

JTL Industries smashed all sales records in Q3FY24, achieving a historic quarterly volume of 1,00,905 MT, driven by robust demand for steel pipes and tubes across domestic and international markets, particularly in infrastructure and industrial sectors. This 76 per cent YoY surge extends to YTD performance, surpassing the entire FY23 volume in just 9 months with a remarkable 62 per cent YoY growth, fuelled by both standard and value-added products, which saw impressive jumps of 35 per cent and 47 per cent YoY, respectively.  

In a game-changing move, JTL Industries is pumping Rs 1,310 crore into a mega-capacity expansion project in Maharashtra. Backed by a mix of promoter funding, public contributions, and a strategic QIP, this ambitious endeavour will turbocharge JTL's manufacturing muscle. By expanding production lines, beefing up its galvanized, pre-galvanized, and colour-coated offerings, and integrating its supply chain, JTL is aiming for one-stop steel domination. This bold play paves the way for explosive growth and diversification, cementing JTL's position as the undisputed leader in the structural steel arena.

The company rewarded shareholders with a 1:1 bonus share issue and a final dividend of Rs 0.2 per share, distributed on September 7, 2023 and August 4, 2023, respectively. The stock gave multibagger returns of 800 per cent in 3 years and a whopping 4.250 per cent in a decade. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.