Chandigarh, January 28, 2025 – JTL Industries Limited (NSE: JTLIND, BSE: 534600) has reported its Q3 FY25 financial results, showing a 20.5% decline in net profit, impacted by higher raw material costs and inventory adjustments. The company also announced a voluntary delisting from the Metropolitan Stock Exchange of India (MSEI) while continuing to remain listed on BSE and NSE.
Key Financial Highlights – Q3 FY25 (Standalone & Consolidated)
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹45,143.23 lakh | ₹56,738.64 lakh | -20.4% |
| Total Income | ₹45,350.80 lakh | ₹56,833.01 lakh | -20.3% |
| Net Profit (PAT) | ₹2,497.31 lakh | ₹3,018.16 lakh | -17.3% |
| Earnings Per Share (EPS) | ₹0.64 | ₹0.89 | -28.1% |
- Revenue: ₹1,44,635.92 lakh (-8.1% YoY).
- Net Profit: ₹8,203.38 lakh (-1.7% YoY).
Key Corporate Announcements
1. Voluntary Delisting from MSEI
- The Board approved the voluntary delisting of JTL Industries from the MSEI, in accordance with Regulation 5 & 6 of SEBI Delisting Regulations, 2021.
- Reason: Low trading volumes on MSEI; shares will remain listed on BSE and NSE.
2. Appointment of Raman Chadha as Independent Director
- Term: Five years, effective January 28, 2025.
- Professional Background:
- Over 40 years in academia, specializing in Physics.
- Former Associate Professor at MCM DAV College, Chandigarh.
- Recipient of the Indian Dental Association’s Best Teacher Award (2020).
3. Reconstitution of Board Committees
- Audit Committee: Added Raman Chadha as a member.
- Nomination & Remuneration Committee: Revised composition with new board member allocations.
4. Subdivision of Equity Shares
- The company split its equity shares from ₹2 to ₹1 face value, increasing the total number of shares from 19.65 crore to 39.30 crore.
Management Commentary
Pranav Singla, Whole-Time Director, JTL Industries, stated:"Despite near-term margin pressures, our long-term growth strategy remains intact. The decision to delist from MSEI aligns with our plan to optimize compliance costs while maintaining strong market visibility on NSE and BSE."