Steel pipes maker JTL Industries Ltd has posted a Rs 36.65 crore consolidated net profit during the fourth quarter of financial year 2022-23, on account of higher income. At Rs 36.65 crore, the net profit was almost double of Rs 18.94 crore during the January-March period of fiscal year 2021-22, JTL Industries said in a regulatory filing on Wednesday.
During the quarter under review, the company’s total income also rose to Rs 473.09 crore, from Rs 417.64 crore in the year-ago quarter. While the company’s total expenses rose to Rs 422.73 crore in the period under review, from Rs 392.94 crore a year ago.
JTL Industries Ltd (formerly known as JTL Infra Ltd) is the largest producer of electric resistance welded (ERW) steel pipes in India, with a capacity to produce more than 5.85 lakh metric tons per annum.