1,300 per cent returns in 3 years; Board announced bonus shares and stellar quarterly results!

Shares of this company have gained more than 20 per cent in the last six months.

JTL Industries Limited informed in the exchange filing that the company’s board has approved and recommended the issue of equity bonus shares in proportion of 1:1 i.e., 1 (One) equity share of Rs 2.00 each for every 1 (One) existing equity share of Rs 2.00 each held by the shareholders of the company as on record date. The company informed in the exchange filing the record on 7^th September 2023.

In the recent quarter, the company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 505.57 crore which grew by 36.52 per cent on a YoY basis. The operating profit of the company stood at Rs 36.30 crore, while the PAT of the company stood at Rs 25.37 crore, representing an impressive growth of 101.11 per cent YoY.

JTL Industries Limited is engaged in the manufacturing of black and galvanized ERW steel pipes & tubes, hollow sections and structural steel that are extensively used in major engineering and construction projects. The company has three manufacturing units, two units located in Punjab, and one located in Maharashtra.

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JTL Industries Limited have delivered multibagger returns to its shareholders in the last three years. During this period, shares of JTL Industries surged from Rs 26.90 on August 28, 2020, to Rs 388.25 on August 22, 2023, an increase of about 1,300 per cent in three years holding period.

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