Integrated Filing — IndAS



General information about company
Scrip Code 534600
NSE Symbol JTLIND
MSEI Symbol NOTLISTED
ISIN INE391J01032
Name of company JTL Industries Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 27-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Steel Pipes
Start date and time of board meeting 27-May-2025   13:00:00
End date and time of board meeting 27-May-2025   15:25:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-03-24
Indicate Company website link for updated RPT policy of the Company https://www.jtl.one/wp-content/uploads/2023/04/related-party-transactions-policy.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 2
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Company has not made any default on loans and debt securities.



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 4660650000 19129069000
Other income 89551000 225593000
Total income 4750201000 19354662000
2 Expenses
(a) Cost of materials consumed 3269547000 15111498000
(b) Purchases of stock-in-trade 722411000 1623092000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 162307000 75084000
(d) Employee benefit expense 80675000 274996000
(e) Finance costs 11887000 44060000
(f) Depreciation, depletion and amortisation expense
(f) Other Expenses
1 Other Expenses 251696000 818970000
Total other expenses 251696000 818970000
Total expenses 4526961000 18038799000
3 Total profit before exceptional items and tax
4 Exceptional items
5 Total profit before tax 223240000 1315863000
6 Tax expense
7 Current tax 51381000 314467000
8 Deferred tax 4123000 13322000
9 Total tax expenses 55504000 327789000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement
11 Net Profit Loss for the period from continuing operations
12 Profit (loss) from discontinued operations before tax
13 Tax expense of discontinued operations
14 Net profit (loss) from discontinued operation after tax
15 Share of profit (loss) of associates and joint ventures accounted for using equity method
16 Total profit (loss) for period
17 Other comprehensive income net of taxes
18 Total Comprehensive Income for the period
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 393082000 393082000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations
Diluted earnings (loss) per share from continuing operations
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations
Diluted earnings (loss) per share from discontinued operations
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.43 2.6
Diluted earnings (loss) per share from continuing and discontinued operations 0.38 2.3
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. These standalone financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards (‘Ind AS’) prescribed under Section 133 of the Companies Act, 2013. The above audited standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in its meeting held on 27th day of May, 2025. The statutory auditors have expressed an unmodified opinion in the audit report on these standalone financial results. n n2. The Company operates in one reportable business segment i.e., manufacturing of ‘Steel Tubes, Pipes and Structures’. There are no separate reportable segments pursuant to IND AS-108. n n3. During the financial year, the Company has undertaken the Sub-division of equity shares and accordingly the face value has been reduced from Rs. 2/-to Re. 1/-. Board of Directors had decided the Sub-Division/Split of 19,65,40,815 Equity shares of Rs. 2/- each into 39,30,81,630 Equity shares of Re. 1/- each in their meeting held on 3rd October, 2024, which was further approved by the shareholders of the Company in their EGM held on 26th October, 2024. n n4. In the wake of sub-division/split of equity shares of the Company, the EPS for the current period and corresponding periods have been stated/restated as per the provisions of IND AS-33 “Earning Per Share”. n n5. The Company has carried out exercise of balances confirmation of trade receivable, trade payable, advances given, and other financial and non-financial assets and liabilities and have received confirmations in most of the cases. In few cases, such balances are subject to confirmation/reconciliation and their balances are stated as per books of accounts. Adjustments, if any, will be accounted for on confirmation/reconciliation of the same, which in the opinion of the management will not have a material impact. n n6. As on 31st March, 2025, the Company has a wholly owned subsidiary i.e., JTL Tubes Limited and a subsidiary i.e., JTL Engineering Limited. The Company has no joint venture or associate company. n n7. The figures of the quarter ended 31st March, 2025 and 31st March, 2024 are balancing figures between audited figures for the full financial year and the reviewed year-to-date figures up to the third quarter of the respective financial years. n n8. The Company has not discontinued any of its operations during the period under review/ audit. n n9. Figures for the previous year/ quarters have been reclassified/ regrouped wherever necessary. n n10. The results of the company are also available for investors at www.jtl.one,www.bseindia.com and www.nseindia.com.



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 1891541000
Capital work-in-progress
Investment property
Goodwill
Other intangible assets
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 110126000
Trade receivables, non-current
Loans, non-current
Other non-current financial assets
Total non-current financial assets
Deferred tax assets (net)
Other non-current assets 1223010000
Total non-current assets 3853793000
2 Current assets
Inventories 1974871000
Current financial asset
Current investments 0
Trade receivables, current
Cash and cash equivalents 656578000
Bank balance other than cash and cash equivalents 28171000
Loans, current
Other current financial assets
Total current financial assets
Current tax assets (net)
Other current assets 3012980000
Total current assets 9292659000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 13146452000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital
Other equity
Total equity attributable to owners of parent
Non controlling interest
Total equity
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
Total non-current financial liabilities
Provisions, non-current
Deferred tax liabilities (net) 12092000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 73268000
Current liabilities
Current financial liabilities
Borrowings, current
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other current financial liabilities
Total current financial liabilities
Other current liabilities 122536000
Provisions, current
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 894751000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities
Total equity and liabilites 13146452000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1315863000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 44060000
Adjustments for decrease (increase) in inventories -470556000
Adjustments for decrease (increase) in trade receivables, current
Adjustments for decrease (increase) in trade receivables, non-current
Adjustments for decrease (increase) in other current assets -1766614000
Adjustments for decrease (increase) in other non-current assets
Adjustments for other financial assets, non-current
Adjustments for other financial assets, current
Adjustments for other bank balances
Adjustments for increase (decrease) in trade payables, current
Adjustments for increase (decrease) in trade payables, non-current
Adjustments for increase (decrease) in other current liabilities -11561000
Adjustments for increase (decrease) in other non-current liabilities
Adjustments for depreciation and amortisation expense 91099000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current
Adjustments for provisions, non-current
Adjustments for other financial liabilities, current
Adjustments for other financial liabilities, non-current
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 9700000
Adjustments for interest income
Adjustments for share-based payments 0
Adjustments for fair value losses (gains)
Adjustments for undistributed profits of associates
Other adjustments for which cash effects are investing or financing cash flow -14968000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -133723000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -3122327000
Net cash flows from (used in) operations -1806464000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 341477000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -2147941000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 1487950000
Proceeds from sales of investment property
Purchase of investment property
Proceeds from sales of intangible assets -155368000
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development
Purchase of intangible assets under development
Proceeds from sales of goodwill
Purchase of goodwill
Proceeds from biological assets other than bearer plants
Purchase of biological assets other than bearer plants
Proceeds from government grants 0
Proceeds from sales of other long-term assets
Purchase of other long-term assets
Cash advances and loans made to other parties 621868000
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 9700000
Interest received 133794000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 19605000
Net cash flows from (used in) investing activities -2102087000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries
Payments from changes in ownership interests in subsidiaries
Proceeds from issuing shares
Proceeds from issuing other equity instruments -648377000
Payments to acquire or redeem entity's shares
Payments of other equity instruments
Proceeds from exercise of stock options
Proceeds from issuing debentures notes bonds etc 3757736000
Proceeds from borrowings 334799000
Repayments of borrowings 0
Payments of lease liabilities
Dividends paid 47909000
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 405118000
Net cash flows from (used in) financing activities 3840427000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -409601000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -409601000
Cash and cash equivalents cash flow statement at beginning of period 1066180000
Cash and cash equivalents cash flow statement at end of period 656579000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 N Kumar Chhabra & Co. Yes 31-Aug-2027


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising QIP
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 23-Jul-2024
Amount Raised 3000000000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Care Ratings Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review No Comments
Comments of the auditors, if any No Comments
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Part financing the cost towards capacity expansion of our existing manufacturing facility by setting up a new unit at Raigad, Maharashtra. Funding working capital requirements of our Company, General Corporate Purposes, Issue Related Expenses Not Applicable 3000000000 0 3000000000 0 Total Funds raised on allotment of 1,42,18,009 Equity Shares to the QIBs has been fully utilized for the stated objects. As at end of Quarter, there was Nil balance pending for utilization. The interest amount of Rs. 2.51 Crores earned from the FD created out of QIP Proceeds was transferred to CC Account of the Company during the quarter.


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (2)
Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 31-Mar-2025
Amount Raised 0
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Care Ratings Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review No Comments
Comments of the auditors, if any No Comments
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Investment in Mega Project, Capital Expenditure towards development, refurbishment and renovation of Assets, either through wholly owned subsidiaries/subsidiaries/associates; Working Capital Requirements; General Corporate Purposes, including financing of Business Opportunities (either organic or inorganic), and any other cost incurred towards the objects of the Company, brand building,nacquisition of Offices, Retail Spaces and Warehouses etc. to expand the Company’s distribution network pan- India and strengthen the business operations; Issue Related Expenses Not Applicable 0 0 0 0 The Company has not recieved any amount pursuant to conversion of warrants during the quarter ended 31st March 2025.


Signatory Details
Name of signatory Amrender Kumar Yadav
Designation of person Company Secretary and Compliance Officer
Place Chandigarh
Date 27-May-2025




Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 JTL Industries Limited Jagan Industries Private Limited Related Party Interest received 1000000000 Approved by Audit Committee 36155000 0 0
2 JTL Industries Limited JTL Engineering Limited Related Party Interest received 500000000 Approved by Audit Committee 1668000 0 0
3 JTL Industries Limited JTL Tubes Limited Related Party Interest received 1000000000 Approved by Audit Committee 75000 0 0
4 JTL Industries Limited Mirage Infra Limited Related Party Interest received 1000000000 Approved by Audit Committee 8437000 0 0
5 JTL Industries Limited JTL Engineering Limited Related Party Investment 500000000 Approved by Audit Committee 6700000 0 6700000 Investment 0 On demand Unsecured To support working capital requirements of the company.
6 JTL Industries Limited Mithan Lal Singla Non- Executive Director Loan 500000000 Approved by Audit Committee 5796000 -30920000 -25124000
7 JTL Industries Limited Jagan Industries Private Limited Related Party Loan 1000000000 Approved by Audit Committee 151401000 0 662764000 Loan 0.08 On demand Unsecured To support working capital requirements of the company.
8 JTL Industries Limited JTL Engineering Limited Related Party Loan 750000000 Approved by Audit Committee 514000000 0 514000000 Loan 0.08 On demand Unsecured To support working capital requirements of the subsidiary company.
9 JTL Industries Limited JTL Tubes Limited Related Party Loan 1000000000 Approved by Audit Committee 112000 56068000 1080000
10 JTL Industries Limited Mirage Infra Limited Related Party Loan 1000000000 Approved by Audit Committee 7594000 105473000 113067000
11 JTL Industries Limited JTL Engineering Limited Related Party Purchase of goods or services 500000000 Approved by Audit Committee 60404000 0 -12584000
12 JTL Industries Limited Dhruv Singla Whole-Time Director Remuneration 500000000 Approved by Audit Committee 1200000 0 0
13 JTL Industries Limited Madan Mohan Managing Director Remuneration 500000000 Approved by Audit Committee 1500000 0 0
14 JTL Industries Limited Pranav Singla Whole-Time Director Remuneration 500000000 Approved by Audit Committee 1200000 0 0
15 JTL Industries Limited Rakesh Garg Whole-Time Director Remuneration 500000000 Approved by Audit Committee 1500000 0 0
16 JTL Industries Limited Vijay Singla Related Party Any other transaction Rent paid 500000000 Approved by Audit Committee 120000 0 -120000
17 JTL Industries Limited Jtl Engineering Limited Related Party Sale of goods or services 500000000 Approved by Audit Committee 4931000 0 2322000
Total value of transaction during the reporting period 802793000