JTL Infra has achieved a sales volume of 33302MT in Q1FY23 against 29235MT in Q1FY22, implying 13.9% Year- on-Year (YoY) growth. To improve and enhance the share of value-added products in the product mix, the value-added products contribute 33.5% of volume and witnessed a growth of 8.2% in comparison to the sales volume of Q1FY22.
Sales volume of Q1FY23 declined by 24.5% in comparison to sale volume the company achieved in Q4FY22, as during the quarter, consumer sentiment remains sluggish with volatility in input costs leading to the postponement of purchases and construction decisions. Due to volatility in steel prices, the industry witnessed de-stocking in the domestic market.
JTL Infra is an India-based company engaged in manufacture and sale of ERW Black and Galvanized steel pipes and Tubes, hollow sections and structural steel that are used in engineering and construction projects.
