JTL Industries Q2 FY26 earnings rise despite revenue dip

JTL Industries Limited announced strong financial results for Q2 FY26, with consolidated EBITDA increasing by 21.5% quarter-on-quarter to INR37 crores, up from INR29 crores in Q1. Profit after tax (PAT) also rose by 37% Q-on-Q, reaching INR22 crores compared to INR16 crores in Q1. This growth occurred despite a 20.5% decline in revenue to INR431 crores in Q2 FY26 from INR544 crores in Q1. The company attributed this performance to synergies from the takeover of JTL Engineering Limited and improving margins on value-added products.

For the first half of FY26, the company's revenue was INR973 crores, a slight decrease of 2.2% year-on-year from INR995 crores in the previous financial year. However, total sales volume, excluding intercompany transactions, grew by 3.5% year-on-year to 182,210 metric tons. Export sales in Q2 FY26 also saw a significant boost, increasing by 46% Q-on-Q to INR63 crores from INR43 crores in Q1 FY26.

JTL Industries maintained its full-year FY26 sales volume guidance of 4.5 lakh to 5 lakh tons, with an FY27 target of 6.5 lakh to 6 lakh tons. The company expects EBITDA per ton to reach INR4,000 for the full year, an improvement from INR3,200 in H1. Strategic expansions at the Maharashtra plant and the acquisition of RC Industries are anticipated to further enhance growth and product offerings.