JTL Industries Lists Shares on National Stock Exchange, Expanding Investor Options

12 Jun 2023 , 01:23 PM

JTL Industries successfully listed its shares on the National Stock Exchange (NSE) at Rs345 per share, following its recent approval for listing on the rival bourse.

The company’s application for listing equity shares on NSE received trading approval from the exchange, paving the way for listing its 8,44,42,092 equity shares with a face value of Rs2 each. The NSE symbol for JTL Industries is JTLIND, effective June 12, 2023.

Enhanced Liquidity and Investor Base:

JTL Industries expresses satisfaction with the approval, stating that listing on NSE will provide investors with increased liquidity and expanded options. The move is expected to attract a broader base of investors, further strengthening the company’s position in the market.

As a small-cap company specializing in iron and steel products, JTL Industries currently holds a total market capitalization of Rs2,860.47 crore on NSE.

Strong Performance and Revenue Growth:

JTL Industries showcased impressive financial performance in the quarter ending March 2023, with a significant jump in net profit. The company reported a 93.50% increase in net profit, soaring to Rs36.65 crore from Rs18.94 crore in the year-ago quarter.

As per data, the company’s revenue from operations also experienced substantial growth, rising by 13.50% to Rs472.62 crore in Q4FY23 compared to Rs416.38 crore year-on-year (YoY).

These positive financial results highlight JTL Industries’ strong market position and growth potential, reinforcing investor confidence in the company’s future prospects.

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