Multibagger Alert: This company has given excellent returns of 275.15 per cent in a year!

JTL Infra has received approval for the incorporation of a wholly-owned subsidiary ‘JTL Tubes’.

Indian manufacturer and supplier of steel tubes, pipes and allied products, JTL Infra Ltd, has given investors stellar returns of 275.12 per cent over the last year. Since February 25, 2021, the company has increased investor wealth by more than three times. The share price of the company has increased from Rs 58.98 to Rs 221.25 in the last one year. 

The company has recently published strong Q3FY22 results. In Q3FY22, revenue grew by 130.28 per cent YoY to Rs 232.45 crore from Rs 100.94 crore in Q3FY21. On a QoQ basis, the revenue was down by 11.65 per cent. PBIDT has increased by 122.69 per cent from Rs 8.58 crore to Rs 19.10 crore as compared to the corresponding period of last year and the corresponding margin was reported at 8.22 per cent, contracting by 28 basis points YoY. PAT was reported at Rs 13.02 crore, up by 159.57 per cent from Rs 5.02 crore in the same quarter for the previous fiscal year. The PAT margin stood at 5.6 per cent in Q3FY22 expanding from 4.97 per cent in Q3FY21.  

JTL Infra Limited, headquartered in Chandigarh, is a company engaged in the manufacture and sale of ERW Black and Galvanized steel pipes and tubes, hollow sections, scaffolding fittings and system, LTZ section, mild steel angles/channels and structural steel with a capacity to produce more than 1.44 lakh metric tons per annum that are used in engineering and construction projects. 

Recently, JTL Infra has received approval for the incorporation of a wholly-owned subsidiary ‘JTL Tubes’ wherein a further capacity expansion program of 500,000 MT per annum shall be undertaken at a pre-identified strategic location for manufacturing steel tubes pipes and structures through new edge technology. 

At 10:59 am on Friday, the stock of JTL Infra Ltd was seen trading at Rs 221.25, up by 7.32 per cent or Rs 15.1 per share. The 52-week high of the scrip is recorded at Rs 280 and the 52-week low at Rs 55.02 on the BSE.