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JTL INDUSTRIES : Q1 2024 Financial Quarterly Report : YoY Sales Up 2.1 %, QoQ Up 10.61 %

July 11, 2024July 11, 2024| adminadmin| 0 Comments| 6:35 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 2.1 % in the past year, substantial increase in net sales/revenue by 10.61 %.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 442.86 %. Marginal increase in other income during this quarter, up by 6.09%.
  • Profit over the Year and quarter: Significant improvement in profitability for JTL INDUSTRIES LIMITED. Notable increase of 21.01 % in net profit Year to Year, JTL INDUSTRIES LIMITED’s profitability increased by 3.91 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -42.33 % Year to Year. EPS increased by 1.17 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of JTL INDUSTRIES LIMITED”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 504.802 Cr Rs. 465.94 Cr Rs. 515.379 Cr + 10.61 % + 2.1 %
Expenses Rs. 469.27 Cr Rs. 429.21 Cr Rs. 475.69 Cr + 10.83 % + 1.37 %
Operating Profit Rs. 35.53 Cr Rs. 36.73 Cr Rs. 39.69 Cr + 8.06 % + 11.71 %
OPM % 7.04 % 7.88 % 7.7 % -0.18 % + 0.66 %
Other Income Rs. 0.77 Cr Rs. 3.94 Cr Rs. 4.18 Cr + 6.09 % + 442.86 %
Interest Rs. 1.24 Cr Rs. 0.95 Cr Rs. 1.26 Cr + 32.63 % + 1.61 %
Depreciation Rs. 1.15 Cr Rs. 1.55 Cr Rs. 1.89 Cr + 21.94 % + 64.35 %
Profit before tax Rs. 33.91 Cr Rs. 38.17 Cr Rs. 40.72 Cr + 6.68 % + 20.08 %
Tax % 25.17 % 22.58 % 24.61 % + 2.03 % -0.56 %
Net Profit Rs. 25.37 Cr Rs. 29.55 Cr Rs. 30.7 Cr + 3.89 % + 21.01 %
EPS in Rs Rs. 2.61 Rs. 1.68 Rs. 1.65 -1.79 % -36.78 %


Today, we’re looking at JTL INDUSTRIES LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 2.1 %. However, it did see a marginal increase of 10.61 % from the previous quarter. Expenses ticked up slightly by 10.83 % quarter-on-quarter, aligning with the annual rise of 1.37 %. Operating profit, while up 11.71 % compared to last year, faced a quarter-on-quarter increase of 8.06 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.66 %, but a shrinkage of -0.18 % sequentially. Other income rose by 6.09 % compared to the last quarter, despite an annual growth of 442.86 %. Interest expenses surged remarkably by 32.63 % from the previous quarter, yet the year-over-year increase remains at a moderate 1.61 %. Depreciation costs climbed by 21.94 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 64.35 %. Profit before tax grew annually by 20.08 % but saw an increase from the preceding quarter by 6.68 %.
Tax expenses as a percentage of profits decreased slightly by -0.56 % compared to last year, with a more notable quarter-on-quarter increase of 2.03 %. Net profit rose by 21.01 % year-on-year but experienced a 3.89 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -36.78 % but a quarterly fall of -1.79 %. In summary, JTL INDUSTRIES LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 504.802 Cr Rs. 465.94 Cr Rs. 515.379 Cr + 10.61 % + 2.1 %
Expenses Rs. 469.27 Cr Rs. 429.21 Cr Rs. 475.69 Cr + 10.83 % + 1.37 %
Operating Profit Rs. 35.53 Cr Rs. 36.73 Cr Rs. 39.69 Cr + 8.06 % + 11.71 %
Net Profit Rs. 25.37 Cr Rs. 29.55 Cr Rs. 30.7 Cr + 3.89 % + 21.01 %
EPS in Rs Rs. 2.61 Rs. 1.68 Rs. 1.65 -1.79 % -36.78 %


In reviewing JTL INDUSTRIES LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 2.1 % year-on-year growth, however, there was a minor increase of 10.61 % from the previous quarter. Expenses rose by 1.37 % compared to the previous year, with a 10.83 % increase quarter-on-quarter. Operating Profit surged by 11.71 % annually, and saw a 8.06 % increase from the last quarter.
Net Profit showed yearly increase of 21.01 %, and experienced a 3.89 % increase from the previous quarter. Earnings Per Share (EPS) fell by -36.78 % annually, however dipped by -1.79 % compared to the last quarter. In essence, while JTL INDUSTRIES LIMITED exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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