JTL Industries has allotted 1,42,18,009 equity shares of face value Rs 2 each to eligible qualified institutional buyers at the issue price of Rs 211 per equity share (including a premium of Rs 209 per equity share) which includes a discount of Rs 10.57 i.e., 4.77% of the floor price, aggregating to Rs 299.99 crore, pursuant to the issue.Pursuant to the allotment of equity shares, the paid-up equity share capital of the Company stands increased from Rs 35,44,21,660/- consisting of 17,72,10,830 equity shares to Rs 38,28,57,678/- consisting of 19,14,28,839 equity shares of face value Rs 2 each. Powered by Capital Market - Live News

Net profit of JTL Industries rose 21.01% to Rs 30.70 crore in the quarter ended June 2024 as against Rs 25.37 crore during the previous quarter ended June 2023. Sales rose 2.10% to Rs 515.38 crore in the quarter ended June 2024 as against Rs 504.80 crore during the previous quarter ended June 2023. ParticularsQuarter Ended�Jun. 2024Jun. 2023% Var. Sales515.38504.80 2 OPM %7.707.04 - PBDT42.6135.06 22 PBT40.7233.90 20 NP30.7025.37 21 Powered by Capital Market - Live News

JTL Industries will hold a meeting of the Board of Directors of the Company on 10 July 2024.Powered by Capital Market - Live News

JTL Industries has allotted 1,00,000 fully paid up equity shares on conversion of warrants and further 1,00,000 bonus equity shares in ratio of 1:1. Post allotment of shares, the paid up equity share capital has increased to Rs. 35,44,21,660 consisting of 17,72,10,830 equity shares of Rs. 2/- each. Powered by Capital Market - Live News

JTL Industries announced significant milestones in the completion of capex plans relating to its subsidiary Nabha Steels and Metals: - Phase 1 of the expansion has been completed, and it is set to deliver a production of 5,000 metric tons per month of HR coils, the raw material for the production of ERW Steel Pipes- Further, the second expansion phase is expected to commence shortly, scaling up the production output and adding more products to its portfolio offerings. This expansion will enhance JTL`s total backward integration capacity, support the captive requirements of its Mandi Gobindgarh Punjab plant, and aid EBITDA/Ton at this plant by Rs. 2,000 per ton range. Powered by Capital Market - Live News