JTL Industries Limited reported a 25.3% year-on-year increase in sales volume for Q2FY27, reaching 1,02,255 metric tonnes (MT). This growth contributed to the company’s highest-ever half-yearly sales volume of 2,20,806 MT for the first half of FY27.

The steel pipe manufacturer announced these figures in its business performance update on October 1, 2026. The strong first-half performance reflects sustained demand across key product segments and continued execution across manufacturing operations. The company is now preparing for significant capacity expansion in the second half of the fiscal year.

Quarterly and Half-Yearly Performance

The company’s consolidated sales volume showed robust growth in both the quarterly and half-yearly periods compared to the previous fiscal year. The table below details the specific volume metrics and growth rates:

Madan Mohan, Managing Director of JTL Industries, stated that the performance reflects continued demand and operational efficiency. He noted that the second half of FY27 marks an important phase in the company's growth journey due to upcoming capacity additions.

Capacity Expansion and Product Mix

A key driver for future growth is the addition of approximately 7,00,000 MT of incremental capacity in Maharashtra, which is expected to come on stream during H2FY27. The company emphasized that this entire incremental capacity will be focused on value-added products.

This strategic focus aims to enhance JTL’s value-added product mix while scaling volumes. The management remains focused on the timely ramp-up of these capacities and improving utilization across its manufacturing footprint. The combination of strong H1 performance and the new capacity provides a foundation for achieving the growth objectives outlined for FY27.

What the Numbers Show

The data reveals a divergence between quarterly and half-yearly growth rates. While H1FY27 volume grew by 21.2% YoY, the Q2FY27 specific growth was higher at 25.3%. This suggests that the momentum accelerated in the second quarter compared to the first quarter's contribution to the half-year total. Furthermore, the explicit linkage of the new 7 lakh MT capacity solely to value-added products indicates a strategic shift towards higher-margin segments rather than just volume expansion.

JTL Industries held its 35th Annual General Meeting on September 25, 2026, via video conferencing, passing all six resolutions with requisite majority. A final dividend of ₹0.125 per equity share of face value ₹1 each was declared for FY26.

AGM proceedings and attendance

The meeting was held at 11:30 am through Video Conferencing/Other Audio-Visual Means and concluded at 11:55 am. Mr. Sukhdev Raj Sharma, Independent Director and Chairperson of the Board, chaired the meeting. A total of 45 members were present through VC/OAVM, with no members present through proxy.

The remote e-voting facility, administered by Central Depository Services (India) Limited, was available from September 22, 2026 (9:00 am IST) to September 24, 2026 (5:00 pm IST). Members who had not cast their vote through remote e-voting were provided the facility to vote during the meeting. The cut-off date for determining eligible voters was September 18, 2026.

Resolutions transacted

The following business items were transacted at the meeting:

Voting results

S.V. Associates, Company Secretaries, Chandigarh, represented by CS Sahil Malhotra, served as scrutinizer for both remote e-voting and e-voting at the AGM. The consolidated voting results for each resolution are detailed below.

Resolution 1 — Standalone financial statements

Resolution 2 — Consolidated financial statements

Resolution 3 — Final dividend declaration

Resolution 4 — Re-appointment of Rakesh Garg

Resolution 5 — Re-appointment of Sanjeev Gupta

Resolution 6 — Ratification of Cost Auditors' remuneration

Invalid votes were nil across all six resolutions. The scrutinizer submitted the consolidated report on September 25, 2026, and the results were declared passed with requisite majority. The e-voting results and scrutinizer's report were to be communicated to BSE and NSE and placed on the company's website within 2 working days of the conclusion of the AGM.