JTL INDUSTRIES LIMITED — Q2FY27 earnings call summary

Filed 11 November 2026 · Official transcript

New capacities in Maharashtra expected to add 25,000-30,000 tons volume by Q4; GP line commissioning by Dec 2026
JTL Defence production ramping from 140 tons/month in Oct to 250 tons/month by Dec; capacity 1,000 tons/month by FY29
Demand outlook positive for H2FY27; price gap between primary and secondary pipes INR 12-20/kg; supply constraints easing
Capex of INR 70 Cr in H1FY27; INR 125-150 Cr planned in H2FY27; maintenance capex INR 40-50 Cr and INR 75 Cr API pipe capex expected in FY28
EBITDA per ton improved 19% y-y to INR 5,053 in Q2; value-added products share to rise to 50% in FY28
H1FY27 sales volume grew 20.2% y-y to 218,997 MT; EBITDA increased 88.7% to INR 109.5 Cr with 8.2% margin
Export volumes recovering; targeting 50,000-55,000 tons exports in FY27 with new markets in Canada and US
Working capital days expected to reduce to 60 by FY28 and 35 by FY29 through dealer-focused sales