JTL Industries stock: Last Tuesday, amidst the sluggishness of the stock market, there was huge demand for the shares of JTL Industries, a company related to iron and steel production. Meanwhile, the company has recorded its highest ever sales in the second quarter of the current financial year. Let us tell you that the shares of the company closed at Rs 239.90 on Tuesday i.e. October 1 with a gain of more than 2 percent. At the same time, there was no trading in the market on Wednesday due to Gandhi Jayanti. The stock has given multibagger returns of 165 percent in the last three years.
What are the sales figures?
JTL Industries’ sales volume in the September quarter increased to 1.03 lakh metric tonnes, up 26.32 per cent from 81,686 metric tonnes achieved in the same period last financial year. This also includes the sale of recently acquired Nabha Steels and Metals.
According to the company’s business update, JTL’s sales volume in H1FY25 reached 1,99,593 MT, up 25.49 per cent from 1,59,028 MT in the year-ago period. Sales continued to rise in H1FY25, reaching 18,219 MT from 8,897 MT in the year-ago period. This shows an increase of 104.74 percent.
Important meeting on 3rd October
An important meeting of the company is going to be held tomorrow i.e. on 3rd October. Last week, JTL Industries had announced a board meeting on October 3 to consider stock split and issuance of bonus shares. The board will consider split of equity shares of the company with face value of Rs 2 each. Apart from this, the proposal of issuing bonus shares and increasing the authorized share capital of the company will also be considered.
