Key Financial Performance - Q2 FY27

  • Revenue from Operations: ₹6,138 Mn, up 43.0% YoY from ₹4,293 Mn in Q2 FY26
  • EBITDA: ₹508 Mn, up 46.5% YoY from ₹347 Mn in Q2 FY26
  • EBITDA Margin: 8.3% vs 8.1% in Q2 FY26
  • Profit After Tax (PAT): ₹290 Mn, up 30.7% YoY from ₹222 Mn in Q2 FY26
  • Sales Volume: 1,00,484 MT
  • EBITDA per Ton: ₹5,053

Normalized PAT Adjustment

Reported PAT of ₹290 Mn for Q2 FY27 includes ₹27.8 Mn of additional non-cash depreciation arising from the March 2026 asset revaluation at JTL Defence. Excluding this accounting adjustment, normalized PAT for Q2 FY27 would have been ₹318 Mn.

Key Financial Performance - H1 FY27

  • Revenue from Operations: ₹13,354 Mn, up 37.2% YoY from ₹9,732 Mn in H1 FY26
  • EBITDA: ₹1,095 Mn, up 88.7% YoY from ₹580 Mn in H1 FY26
  • EBITDA Margin: 8.2% vs 6.0% in H1 FY26
  • Profit After Tax (PAT): ₹643 Mn, up 66.2% YoY from ₹387 Mn in H1 FY26
  • Sales Volume: 2,18,997 MT (highest ever half-yearly), up 20.2% YoY

Management Commentary

Mr. Madan Mohan Singla, Managing Director, stated that the performance reflects sustained demand across key product segments and execution across the Company's manufacturing operations. The Company continues to focus on increasing the contribution of value-added products, supported by its established dealer network and growing presence across infrastructure, industrial and project-based applications.

Capacity Expansion Plans

The second half of FY27 marks an important phase with approximately 7,00,000 MT of incremental capacity expected to come on stream in Maharashtra. This capacity is focused on value-added products, including GP pipes, color coated pipes and roofing sheets, providing opportunities to expand the Company's product portfolio and strengthen its product mix.

Manufacturing Facilities

  • Total Installed Capacity: 1.0 MTPA
  • Plant Locations: Derabassi (Punjab), Mandi Gobindgarh (Punjab), Mangaon (Maharashtra), Raipur (Chhattisgarh)
  • Subsidiary: JTL Defence Ltd, Baddi (Himachal Pradesh) producing Copper Alloys, Brass Alloys, Phosphorous Alloys

Product Portfolio

MS Hollow Sections, Galvanised Pipes, Solar Mounting Structures, Lattice Towers, DFT Structural Pipes

Balance Sheet Highlights (as of September 30, 2026)

  • Property, Plant and Equipment: ₹5,007 Mn
  • Capital Work in Progress: ₹1,590 Mn
  • Inventories: ₹2,710 Mn
  • Trade Receivables: ₹4,143 Mn
  • Cash and Cash Equivalents: ₹348 Mn
  • Total Assets: ₹19,963 Mn

Capital Structure (as of September 30, 2026)

  • Long Term Debt: ₹294 Mn
  • Short Term Debt: ₹2,321 Mn
  • Total Debt: ₹2,615 Mn
  • Cash & Cash Equivalent: ₹285 Mn
  • Net Debt: ₹2,330 Mn
  • Total Equity: ₹15,831 Mn
  • Net Debt/Equity: 0.1x

Certifications

Certified for manufacture of cold-formed structural steel hollow sections as per AS/NZS 1163:2016 standards (Certificate No: 260404, valid till December 31, 2026)

Leadership

Board of Directors includes Madan Mohan Singla (Managing Director), Pranav Singla (Executive Director), Dhruv Singla (Executive Director), Rakesh Garg (Executive Director), Sanjeev Gupta (Executive Director), and independent directors Rakesh Mohan Garg, Sukhdev Raj Sharma, Raman Chadha, Ashok Goyal, and Jagdeep Kumar Goel.

Compliance Officer

Amrender Kumar Yadav, Company Secretary and Compliance Officer