Jtl Industries Limited · NSE:JTLIND
Jtl Industries — Q2 FY27 Earnings Presentation
29 slides from Jtl Industries's earnings presentation, Nov 2, 2026
Slide 1: Exchange filing cover letter
Ref: JTLIND/11/26-27/02 November 2, 2026 The Manager, The Manager, Corporate Relationship Department, Listing Department, BSE Limited. National Stock Exchange of India Ltd. 25th Floor, P.J. Towers, ‘Exchange Plaza’, C- 1 Block G, Bandra Kurla Dalal Street, Complex, Bandra (East) Mumbai - 400001 Mumb
Slide 2: Q2 and H1 FY27 Earnings Presentation
Integrated Primary and Secondary Steel Platform JTL Industries Limited (BSE: 534600 | NSE: JTLIND) Q2 and H1 FY27 Earnings Presentation Integrated Steel Pipes and Tubes Platform November 2026
Slide 3: H1 FY27 Key Highlights
H1 FY27 Key Highlights ₹ 13,354 Mn ₹ 1,095 Mn 8.2% ₹ 5,000 Revenue from operations EBITDA EBITDA EBITDA per Ton 37.2% YoY 88.7% YoY Margin 57.0% YoY ₹ 643 Mn 4.8% 2,18,997 MT PAT* PAT Sales Volume 66.2% YoY Margin 20.2% YoY *Reported PAT of ₹ 643 Mn in H1 FY27 includes ₹ 27.8 Mn of additional non ca
Slide 4: Q2 FY27 Key Highlights
Q2 FY27 Key Highlights ₹ 6,138 Mn ₹ 508 Mn 8.3% ₹ 5,053 Revenue from operations EBITDA EBITDA EBITDA per Ton 43.0% YoY 46.5% YoY Margin 19.0% YoY 14.9% QoQ 13.5% QoQ 2.0% QoQ ₹ 290 Mn 4.7% 1,00,484 PAT* PAT Sales Volume 30.7% YoY Margin 23.2% YoY 18.1% QoQ 15.2% QoQ *Reported PAT of ₹ 290 Mn in Q2 F
Slide 5: Historical Quarterly Key Highlights
Historical Quarterly Key Highlights (Rs. Mn) Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Volume (MT) 90,417 87,714 81,865 1,00,616 81,593 90,429 1,23,262 1,18,513 1,00,484 Revenue from Operations 4,795 4,516 4,695 5,439 4,293 4,705 6,927 7,216 6,138 EBITDA 298 351 178 234
Slide 6: Management Commentary
Management Commentary ‘ JTL Industries delivered a strong performance in Q2 FY27, with Revenue from Operations increasing by 43.0% YoY to ₹ 6,138 Mn. EBITDA grew by 46.5% YoY to ₹ 508 Mn, with EBITDA margin improving to 8.3% from 8.1% in Q2 FY26. Profit after Tax was ₹ 290 Mn, registering growth of
Slide 7: Company at a Glance
Company at a Glance 1.0 MTPA 2,000+ Up to 350x350x14 mm 6 4 20+ Countries Installed Capacity Product Configurations Structural Steel Tubes Manufacturing Facilities States Presence Global Export Presence Manufacturing Facilities Product Portfolio Unit 1 Unit 2 Unit 3 Derabassi, Punjab Mangaon, Mahara
Slide 8: Business Overview
Business Overview Integrated manufacturing platform across HR coil-based and secondary steel ecosystems HR Coil Based Manufacturing Platform Billet & Secondary Steel Platform HR Coil Sourcing Billet / Steel Sourcing Procurement from primary steel manufacturers Procurement from secondary steel ecosys
Slide 9: Journey So Far
Journey So Far 1991 1993 1995 2008 2010 2017-2018 • Incorporated as Jagan • Commenced • Listed on Over-The- • Renamed as JTL Infra • Expanded manufacturing • Listed on Metropolitan Tubes Private Ltd. manufacturing operations Counter Exchange of Limited capacity across locations Stock Exchange of Ind
Slide 10: Investment Case
Investment Case Scaled Player in Structural Strategically Located Shift Towards Value Added 1 Steel Tubes 2 Manufacturing Footprint 3 Product Mix • Presence across structural steel pipes, hollow • Manufacturing facilities in Punjab, Maharashtra • Increasing contribution from DFT and galvanised secti
Slide 11: Product Portfolio
Product Portfolio DFT Structural MS Hollow Galvanised Steel Tubes Steel Pipes Sections and Pipes • Direct Forming Technology (DFT) • Mild steel hollow sections • Zinc-coated steel pipes • Large diameter, precision pipes • Multiple shapes and size • Corrosion-resistant products Key Benefits Applicati
Slide 12: Manufacturing Facilities
Manufacturing Facilities Unit VI: JTL Engineering Ltd (Subsidiary), Mandi Gobindgarh 6 1.0 MTPA Manufacturing Facilities Installed Capacity Unit V: JTL Defence Ltd (Subsidiary), Baddi Unit I: Derabassi Unit III: Mandi Gobindgarh Plant Location Product Portfolio JTL Industries Ltd MS Hollow Sections,
Slide 13: Geographical Presence
Geographical Presence 20+ 5 EUROPE Countries Continents Germany, Belgium, UK, France, Greece, Ireland, Italy, Scandinavia, Netherlands, Denmark ASIA & MIDDLE EAST UAE, Hong Kong, Cyprus, Saudi Arabia, Oman AFRICA Botswana, Ethiopia, Mozambique, Libya NORTH AMERICA USA, Canada OTHERS West Indies, Guy
Slide 14: Industry Overview
Industry Overview Structural growth driven by infrastructure, renewable energy, transmission and urban development demand ~14.6 Mn Tonnes ~USD 18 Bn ~7.4% Indian Steel Pipes & Tubes Market (2025) Market Size Expected CAGR (2025-2034) Primary Steel Opportunity • Infrastructure and construction accoun
Slide 15: Key Application Segments and Strategic Positioning
Key Application Segments and Strategic Positioning Diversified product portfolio enables participation across infrastructure, energy and industrial applications Demand Drivers Infrastructure & Oil & Gas / Energy Construction & Industrial & Urban Development Real Estate Engineering • Roads, metro rai
Slide 16: H1 FY27 Key Financial and Operational Performance
H1 FY27 Key Financial and Operational Performance ₹ Mn Revenue from Operations EBITDA and EBITDA Margin PAT and PAT Margin 37.2% 88.7% 66.2% 13,354 643 * 1,095 9,732 387 580 8.2% 4.8% 4.0% 6.0% H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 Operational Revenue Per Ton EBITDA Per Ton 14.2% 57.0% 60,
Slide 17: Q2 FY27 Key Financial and Operational Performance
Q2 FY27 Key Financial and Operational Performance ₹ Mn Revenue from Operations EBITDA and EBITDA Margin PAT and PAT Margin 43.0% 46.5% 30.7% 7,216 354 * 6,138 587 508 290* 4,293 222 347 8.1% 8.3% 8.1% 5.2% 4.9% 4.7% Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Operational
Slide 18: Q2 and H1 FY27 Income Statement
Q2 and H1 FY27 Income Statement YoY QoQ YoY (₹ Mn) Q2 FY27 Q2 FY26 Q1 FY27 H1 FY27 H1 FY26 Growth(%) Growth(%) Growth(%) Revenue from Operations 6,138 4,293 43.0% 7,216 (14.9%) 13,354 9,732 37.2% Other Income 33 20 47 80 77 Total Income 6,171 4,313 7,263 13,434 9,809 Cost of Material Consumed 4,976
Slide 19: H1 FY27 Balance Sheet
H1 FY27 Balance Sheet As on As on As on As on (₹ Mn) (₹ Mn) 30 Sep, 2026 31 Mar, 2026 30 Sep, 2026 31 Mar, 2026 Equity and liabilities Assets Equity Share Capital 393 393 Non Current Assets Other Equity 15,049 14,473 Property, Plant and Equipment 4,885 5,007 Non Controlling Interest 388 352 Total Eq
Slide 20: Key Ratios
Key Ratios Return on Equity (ROE) Return on Capital Employed Asset Turnover 14.6% 19.0% 2.9 8.1% 8.1% 10.0% 1.8 6.8% 9.2% 8.6% 1.3 1.3 FY24 FY25 FY26 H1 FY27 * FY24 FY25 FY26 H1 FY27 * FY24 FY25 FY26 H1 FY27 * Net Debt / EBITDA Interest Coverage Ratio Cash Flow From Operations / EBITDA 1.1 28.9 1.3
Slide 21: H1 FY27 Capital Structure
H1 FY27 Capital Structure (₹ Mn) Mar-24 Mar-25 Mar-26 Sep-26 Net Working Capital Days Long Term Debt 0 105 300 294 Short Term Debt 200 656 2,141 2,321 57 80 92 83 Total Debt 200 762 2,441 2,615 Receivables Days 59 54 Less: Cash & Cash Equivalent 1,012 744 445 285 45 30 Net Debt /(Cash) (812) 17 1,99
Slide 22: Certifications
Certifications ACRS Certification (Australia) Global Certifications Certified for manufacture of cold-formed structural steel hollow sections as per AS/NZS 1163:2016 standards Valid till: 31 December 2026 | Certificate No: 260404 Enables participation in global infrastructure and export markets 21
Slide 23: Customer and End Market Presence
Customer and End Market Presence Direct Institutional Clients Distribution and Government Network Government / PSU Infrastructure / Utilities Industrial / OEM Diversified presence across institutional clients and government led infrastructure ecosystem 22
Slide 24: Government and Institutional Approvals
Government and Institutional Approvals Approved Across Leading Government and Infrastructure Organizations 23
Slide 25: Sustainability and ESG Initiatives
Sustainability and ESG Initiatives Focused on improving operational efficiency through sustainable and eco-friendly practices Energy Efficiency Carbon Emissions Water Management Waste Management Recycled Materials Optimization of energy Initiatives to reduce Implementation of water Structured waste
Slide 26: Board of Directors
Board of Directors Dhruv Singla Madan Mohan Singla Pranav Singla Executive Director Managing Director Executive Director • Over 10 years of experience in the • Over 35 years of experience in the • Over 5 years of experience in the industry steel industry steel industry • Plays a key role in expansio
Slide 27: Independent Directors
Independent Directors Rakesh Mohan Garg Sukhdev Raj Sharma Raman Chadha Independent Director Independent Director Independent Director • Over 35 years of experience in the • Seasoned banker with over 40 years • Over 40 years of experience in Indian Revenue Service (IRS) of experience education and a
Slide 28: Leadership Team
Leadership Team Naveen Kumar Laroiya Amrender Kumar Yadav Chief Financial Officer Company Secretary & Compliance • Chartered Accountant with 35+ years Officer of experience • Qualified Company Secretary and law • Extensive exposure across graduate manufacturing and multinational • Expertise in corpo
Slide 29: Disclaimer
Disclaimer Amrender Yadav Simran Malhotra / Kapil Juneja Company Secretary and Compliance Officer [email protected] [email protected] +91 73032 11037 This presentation contains “forward looking statements” including, but without limitation, statements relating to the implementation of str