JTL Industries Limited has announced that its Board of Directors will convene on January 24, 2026, to review and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting will also cover the nine-month period ended December 31, 2025, encompassing both standalone and consolidated financial statements.

Board Meeting Details

The steel sector company has scheduled the board meeting in compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal intimation was communicated to both BSE Limited and National Stock Exchange of India Limited on January 19, 2026.

Trading Window Restrictions

In accordance with insider trading regulations, JTL Industries has implemented a trading window closure for all relevant stakeholders. The restriction applies to promoters, members of the promoter group, directors, key managerial personnel, designated persons, connected persons, insiders, and their immediate relatives as covered under the company's code of conduct.

Regulatory Compliance

The announcement demonstrates the company's adherence to regulatory requirements for listed entities. The formal communication was signed by Amrender Kumar Yadav, Company Secretary and Compliance Officer, ensuring proper documentation and stakeholder notification. The company maintains listings on both major Indian stock exchanges, with BSE scrip code 534600 and NSE symbol JTLIND.

Next Steps

Following the board meeting on January 24, 2026, JTL Industries will declare its Q3 FY26 financial results to the stock exchanges. The trading window for covered persons will reopen 48 hours after the official declaration of results, allowing normal trading activities to resume for all stakeholders.

JTL Industries shares hit the 20% upper circuit limit, reaching ₹61.84 per share following the announcement of a major order win from Punjab State Transmission Corporation Limited (PSTCL). The steel tubes and pipes manufacturer's stock surged from its previous closing price of ₹51.54, reflecting strong investor confidence in this strategic contract.

Major Order Win from PSTCL

JTL Industries announced through a stock exchange filing that it has secured a significant contract from PSTCL for manufacturing, fabricating, and galvanising 220kV transmission tower material and substation structures. The order is expected to be completed by the end of FY26.

The company stated that this order strengthens its position in the power transmission infrastructure sector and demonstrates its capability to supply critical, high-quality components for large grid projects.

Q2 FY26 Financial Performance

JTL Industries reported mixed financial results for Q2 FY26, showing revenue decline but improved operational efficiency metrics.

Revenue and Profitability Analysis

The company's revenue from operations stood at ₹429.00 crores in Q2 FY26, representing an 11% decline from ₹480.00 crores in Q2 FY25. On a quarter-on-quarter basis, revenue decreased 21% from ₹544.00 crores in Q1 FY26.

Despite revenue challenges, operational efficiency improved significantly. EBITDA per ton increased 29% year-on-year to ₹4,247.00 in Q2 FY26 from ₹3,300.00 in Q2 FY25. The quarter-on-quarter improvement was even more pronounced, showing 83% growth from ₹2,323.00 in Q1 FY26.

Sales Mix and Volume Performance

JTL Industries derives 88% of its sales from domestic markets, with the remaining 12% coming from exports. Sales volumes declined 10% year-on-year to 81,593 MT in Q2 FY26 from 90,417 MT in Q2 FY25.

Company Overview and Market Position

JTL Industries Ltd, the flagship company of the Jagan Group established in 1991, is headquartered in Chandigarh. The company has evolved from manufacturing ERW black pipes to producing a comprehensive range of steel products including galvanised steel pipes, solar mounting structures, and large steel tubes.

Manufacturing Capabilities

• Production Capacity: 9.36 lakh MTPA in pipe manufacturing
• Backward Integration: 3.00 lakh MTPA capacity
• Manufacturing Facilities: Four plants across India
• Product Portfolio: Over 1,200 products
• Workforce: More than 1,400 employees
• Export Reach: Over 20 countries

Stock Performance and Market Capitalisation

With a market capitalisation of ₹2,343.00 crores, JTL Industries has demonstrated strong long-term performance. Over the past five years, the stock has delivered robust returns of 312%, significantly outperforming the NIFTY 50's return of 79% during the same period.

The recent order win from PSTCL represents a strategic milestone for JTL Industries, positioning the company to capitalise on India's expanding power transmission infrastructure requirements while leveraging its established manufacturing capabilities and quality standards.