Shares of metal pipes maker JTL Industries traded optimistic on Thursday on the again of sturdy quarterly earnings. The shares opened sharply larger at Rs 346 from earlier shut of Rs 328.60. It held firmly in inexperienced round 2:30 PM to commerce at Rs 334 apiece.
The firm has posted a Rs 36.65 crore consolidated net profit in the course of the January-March quarter of economic yr 2022-23, it mentioned in a regulatory submitting. The profit was led by larger earnings throughout phase.
At Rs 36.65 crore, it mentioned that the net profit was virtually double of Rs 18.94 crore throughout the identical quarter final fiscal.Â
ALSO READ:Â Reliance Capital public sale: Hinduja Group agency emerges highest bidder with Rs 9,650 cr supply
The agency’s complete earnings in the course of the quarter below evaluate rose to Rs 473.09 crore. The similar stood at Rs 417.64 crore in the year-ago interval. The bills rose to Rs 422.73 crore in the quarter as in opposition to Rs 392.94 crore in the course of the corresponding interval in FY22.
Meanwhile, the corporate has additionally introduced to pay 10 per cent interim dividend per fairness share to its traders for the monetary yr ended March 31, 2023. This interprets into Rs 0.20 dividend per share bearing face worth of Rs 2.
JTL Industries is the most important producer of electrical resistance welded (ERW) metal pipes in the nation. The firm has a capability to provide greater than 5.85 lakh metric tons each year.
