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JTL Industries experienced net profit increase in Q2 FY23-24

JTL Industries Limited, India's leading steel pipe manufacturer, achieved a remarkable financial performance in the second quarter of financial year 2023-24 (July-September).

JTL Industries experienced net profit increase in Q2 FY23-24

The company reported a strong net profit of $335 million, representing a 33.5% increase compared to the same period in the previous year.

In the quarter, JTL Industries generated total revenue of $6 billion, reflecting remarkable year-on-year growth of 67.8%. This significant increase in revenues underscores the company's strong financial performance.

The company's sales in the July-September period increased to approximately 81,700 tons, indicating a significant increase of 56.8% on a year-on-year basis. This phenomenal increase in sales can be attributed to strong demand from both domestic and international markets.

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