JTL Industries Ltd

Expansion details

• Capex of Rs 15 crore by JTL Engineering Limited to expand HR coil capacity.
• Expansion through subsidiary JTL Engineering Limited.
• Capacity to rise from 5,000 MT/month to 10,000 MT/month.
• Commissioning anticipated in Q4 FY27.
• Max coil width to increase from 9 inches to 11 inches.
• Raw materials include sponge iron and steel scrap.
• Process emphasizes circular manufacturing using scrap.

Meeting Details

• Dates and time: Aug 26–27, 2026, 10:00 AM–5:00 PM daily.
• Mode: Physical; Type: One-to-one investor meet.
• Organiser: JTL Industries Limited.
• Host: Whole-time Director.

Participants

• Key company participant: Whole-time Director (host).

Purpose

• Purpose: discuss business and publicly available information; UPSI not discussed.

Meeting Details

• Dates and times: Aug 26–27, 2026, 10:00 AM–5:00 PM each day.
• Mode and type: Physical, one-to-one meetings.
• Event: Investor Meet scheduled by the company.
• Company representative: Whole-time Director (one-to-one sessions).
• Purpose: discuss business and publicly available information; UPSI not intended to be discussed.

Financial Performance

• Revenue from operations for Q1 FY27: INR 722 crores.
• EBITDA: INR 59 crores with an 8.1% margin.
• PAT: INR 35 crores, including INR 2.8 crores noncash depreciation from March 2026 defence revaluation.
• Volume: 1,18,513 MT, up 17.8% YoY.
• Value-added mix stood around 35%.
• Exports accounted for 5% of quarterly volumes.
• Consolidated EBITDA per ton around INR 4,750; Defence adds about INR 200 per ton.
• Consolidated EBITDA per ton target around INR 5,000 in coming quarters.

Operating Update

• Mangaon facility utilization is about 42% currently.
• Overall company utilization around 55%, with a year-end target near 65%.
• Export order book around INR 75 crores; container shortages delayed dispatches.
• Export share of quarterly sales around 5% in Q1; Americas growing.
• July was an all-time high month; Q2 expected to be an all-time high quarter.

Capex and Projects

• Capex for FY27 is ~INR 100 crores; FY28 maintenance INR 30–40 crores.
• Defence capex ~INR 15 crores this year and a similar amount next year.
• Defence capacity ramp planned to 2 million tons in phases; initial 1 million-ton phase.
• Capex for API pipes: 7 lakh tons by H1 end; remaining 3 lakh by next year.

Guidance and Outlook

• FY27 volume growth guidance remains 30%; H2 expected stronger.
• Target consolidated EBITDA per ton at INR 5,000; base around INR 4,500.
• Exports share target remains at 10% of total sales.
• July highlighted another all-time high month; outlook for high quarter persists.

Q&A Highlights

• Q1 EBITDA per ton about INR 4,750; Defence adds INR 200.
• Capex FY27 ~INR 100 crores; FY28 maintenance INR 30–40 crores.
• JTL Defence capex ~INR 15 crores this year; similar next year.
• Defence capacity ramp to 2 million tons; peak utilization ~70% by FY29.
• Capex for API pipes: 7 lakh tons by H1 end; 3 lakh by next year.
• Export order book ~INR 75 crores; dealer network daily orders.

ESOP grant details

• Grant of 11,42,500 ESOPs to eligible employees under JTL Industries ESOP-2025.
• Exercise price fixed at Rs 20 per option.
• Effective grant date: August 10, 2026.
• Total shares issuable: 11,42,500 Equity Shares.
• Vesting schedule: 30% after year 1; 30% after year 2; 40% after year 3.
• Exercise window: up to 2 years after each vesting event.
• Scheme complies with SEBI SBEB/SE Regulations 2021.
• Implementation via fresh allotment directly to eligible employees.
• Total number of options convertible into equal number of equity shares.
• No options lapsed to date.

ESOP grant details

• Nomination and Remuneration Committee approved grant of 11,42,500 options on Aug 10, 2026.
• Options convertible into equal number of equity shares of Re 1 each.
• Exercise price is Rs 20 per option.
• Vesting schedule: 30% after year 1, 30% after year 2, 40% after year 3.
• Minimum vesting period is one year.
• Exercise window: up to two years post each vesting date.
• Total shares arising on exercise: 11,42,500 shares.
• Scheme is compliant with SEBI SBEB and SE regulations 2021.
• Implementation via direct allotment to eligible employees.
• Grant date effective August 10, 2026.

Meeting Details

• Dates and times: Aug 11–12, 2026, 9:00 AM–6:00 PM Singapore Time daily.
• Meeting type and mode: Physical, group/one-to-one meetings.
• Event/organiser: Nuvama India Conference 2026 (SG Edition) organised by Nuvama Wealth Management Limited.
• Company participants: management to attend.
• Purpose: investor interactions to discuss business updates and public information.

Meeting Details

• Date and time: Aug 5, 2026 at 02:00 PM IST.
• Type and mode: Conference call (virtual).
• Event/organiser: Conference call hosted by Nuvama Wealth Management.
• Key participants from the company: Executive Directors and CFO.
• Purpose: discuss JTL Industries Q1FY27 financial results.