India's JTL Industries jumps on upbeat quarterly sales

JTL Industries

02/01/2024 04:02

** Shares of JTL Industries Ltd  JTLI.NS  up 4.4% at 237.95
rupees
    ** Steel tube maker on Monday said its third quarter sales
volume was up 76%, with healthy demand from infra, industry
sectors
    ** JTLI says its value-added products will form 40% of sales
volume from Q4 with new galvanization facility commencing ops
    ** Share of value-added products in Q3 was 19% vs 34% in Q2
and 25% yr ago
    ** Stock's returns in 2023 nearly 3x of Nifty Metal index
 .NIFTYMET 

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))