Jtl Infra Ltd (NSE: JTLINFRA) Q4 2025 Earnings Call dated May. 27, 2025
Corporate Participants:
Unidentified Speaker
Pranav Singla — Executive Director
Amit Gaur — Chief Strategy Officer
Atul Garg — Chief Financial Officer
Analysts:
Unidentified Participant
Pallav Agarwal — Analyst
Vikash Singh — Analyst
Aditya Welekar — Analyst
Sneha Talreja — Analyst
Dhruvesh — Analyst
Karishma Nahar — Analyst
Lokesh Kashikar — Analyst
Kalpesh Gothi — Analyst
Jyoti — Analyst
Ajay — Analyst
Presentation:
operator
Ladies and gentlemen, good day and welcome to the JTL Industries Limited Q4FY25 earnings conference call hosted by Ntech Stockbroking Limited. As a reminder, all participant lines will be in the listen only mode. And there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call please signal an operator by pressing star then zero on attached to phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Pallav Agarwal from MPIC Stock Broking. Thank you. And over to you sir.
Pallav Agarwal — Analyst
Yeah. Thank you Muskaan. And good evening everyone. Warm welcome to the fourth quarter earnings results call of JTL Industries. We have the senior management of the company represented by Mr. Pranam Singhlar, executive director. Mr. Amit Kaur, the chief strategy officer and Mr. Atri. Well, the chief Financial Officer. So I will now like to hand over the call to Mr. Amit Kaur for his opening remarks. Over to you Amitji.
Amit Gaur — Chief Strategy Officer
Thank you Palavji. And good evening everyone. I hope you and your families are all safe post the turmoil we saw in last few weeks. I am Amit Gaur, Chief strategy officer of JTL Industries. And I welcome you all to our Q4 and FY25 earnings call. Joining me today are Mr. Pranav Singla, our executive director, Mr. Atul Gar, chief Financial Officer of the company. It’s great to have you all here as we share performance highlights and updates on key strategic initiatives for those new to JTL Industries. Let me briefly introduce our journey. With over three decades of experience JTL has grown into a trusted leader in steel tube manufacturing.
Our diverse product portfolio includes ESW black steel tubes, galvanized pipes, large diameter steel tubes, solar structures and hollow construction materials with pipes advanced manufacturing facilities strategically located across India. We deliver high quality value added products that meet the evolving needs of our customers. Let us start with numbers. This quarter we achieved the total income of 4,783 million. Our EBITDA stood at 178 million translating into an EBITDA margin of 3.8%. We also reported a PAT of 168 million with a PAT margin of 3.5%. Sales volume for the quarter was 9,473 metric tonnes. Value added products contributed 34% to the sales mix.
Aligning with our focus on high margin offerings, our annual numbers have also seen flattish performance. Despite market and geopolitical challenges. We achieved a total income of 19,388 million for financial year 25. EBITDA for the period stood at 230 million with a beta margin of 6.4%. PAT came at 988 million resulting in PAC margin of 5.1%. We achieved the highest ever sales volume for the year at 387555 metric ton, a growth of 13%. YOY export volumes doubled year on year reaching 33,700 metric ton for the year contract to 17,792 metric ton for financial year 24 and now it constitutes 9% of our total sales compared to 5% in previous year.
JTL Engineering, previously known as Naba Seals and Metals contributed 41,865 metric tons to our year volume, emphasizing its role in our growth strategy. Before we move further, I want to take a minute and share the industry dynamics. You all are aware that steel industry is going through a down cycle since a year. Which is majorly a reason why this year we witnessed muted growth across many steel players. The industry is facing headwinds like increased imports and rise in raw material prices. As a company committed to providing returns to our shareholders, we have started diversifying our product offerings and have expanded into a new segment like copper and brass.
If observed, you will see that the company has achieved the volume CAGR of 20% in last two years. These figures are testament to our dedication and diligence. We would also like to inform you all that board has recommended a dividend of 12.5% for the financial year. But promoters will be waiving the dividend on shares held by them to retain the profits within the company. This waived amount will instead be used for business expansion and boosting results thus supporting all our long term objectives. The decision is taken as a token of gratitude to our shareholders and we will continue to optimally use our resources and deliver value.
The most significant upgrade so far to our manufacturing is installation of DFT at Mangaon plant in Maharashtra. It will aid in expanding SKUS and will increase our WAP offerings. It will also heighten efficiency and we expect a decrease in downtime by 33% with this addition, our production capacity at facility in Maharashtra has increased from 2 lakh metric ton per annum to 4,50,000 metric tonnes per annum. NABA Steels and Metals has now been successfully incorporated as JTL Engineering Ltd. A subsidiary of JTL Industries Ltd. Due to this transition, all sales and revenue operations from JTL Engineering Limited are captured in JTL Consolidated Financials.
Streamlining financial reporting and reinforcing operational transparency. This unit produces 5,000 metric tons per month of Hydra coil. In our quest to diversifying across sectors and products, we entered in MoU for production of copper and brass coils through job work model. This is specialized product and a sero material for high precision products used in defense and industrial settings. This product gives us entry in high margin mix segments which will push our agenda of increasing WAP share to 50% from currently 34%. The aim behind these diversifications is threefold. Firstly, to enter a high demand niche market with a limited competition.
Secondly, to expand the value added portfolio which will subsequently secure our margin. And last, to diversify across alloy specifically so as to reduce dependence and avoid slowdown during an industry downturn. Not only are we focusing on numbers, but also making ourselves qualitatively powerful so as to become irreplaceable and exclusive as possible going forward. Our outlook remains optimistic considering sustained demand across key sectors, a superior quality and due to the key shifts and investments made by jtl. I now open the floor to your questions. Thank you.
Questions and Answers:
operator
Thank you very much. We will now begin the question and answer session. Anyone who wishes to ask question may press STAR and one on the touchdown telephone. If you wish to remove yourself from question Q, you may press star and 2. Participants are requested to use handsets while asking a question. Ladies and gentlemen, we wait for a moment while the question queue assemblies. The first question is from the line of Vikash Singh from Philip Capital. Please go ahead.
Vikash Singh
Good evening sir. Thank you for the opportunity. So my first question regarding our EBITDA pattern. Basically it seems that all of the line cost items was higher. So what really happened during quarter?
Pranav Singla
Good evening. So in Q4 if you see our valued portion is around 30,000 tons which includes our solar and our galvanized orders. And most of the galvanized orders were exported this year because there was no government consumption this year no government orders. A majority produce of gallon products were exported. As you must have seen that exports have doubled up as well because of the bundling of export. We had booked our export order back to back in the previous quarters as well. And given the condition in Q3 versus Q4 the prices of HS increased and the orders were booked in Q3 as well.
So we have to take a hit in delivering those orders in Q4.
Vikash Singh
So any of those orders are left which would impact our Q1 as well.
Pranav Singla
No It’s a, because if you understand these hits are automatically reversed in the next quarter as well. Because 1/4, if I’m taking or wearing some loss because of this, the next quarter I will be gaining that bit of inventory as well. It was just that the cycle was such a last year that the company had to be justified in a way to book orders of coils because of the whole duty being implied earlier, the fear of looting implied and the fear of HSE being imported will be whether costlier or not. So we were in a.
Every company was in a difficult situation. So keeping this in mind as everything has been implied down and as you are aware the 200 days duty has been implied already. So we don’t see anything of this happening in Q1 as well or whatever orders were there, they have been completed.
Vikash Singh
Understood sir. And so what kind of guidance we are giving for FY26 in terms of volumes as well as EBITDA patterns?
Pranav Singla
So as we have started the DST in Q4 earlier, if we have charged the DST in the beginning of Q4 we would have given a volume increase in Q4 itself as well. But as our DST got delayed in commissioning and we could start only by the end of March. So our entire target for DFT were put. But given the condition, now that everything is implemented we are very well equipped to produce 5 lakh tonnes of steel this year.
Vikash Singh
This includes NABA volumes as well.
Pranav Singla
This includes NABA volume as well.
Vikash Singh
Understood. And is Nabaj steel is being profitable at positive or how should we look at it?
Pranav Singla
Yeah, it is positive.
Vikash Singh
Understood sir. Next question is to what’s basically are the preference share view. So by when basically you would be there would be if the money would be due.
Pranav Singla
So Vikaji, if you see the company is net debt free now. It is zero debt right now and we’re in a very comfortable catalyst right now. So our capex is supposed to incur like it’s ongoing process in which the capex is incurring every quarter. But the next big requirement of capital will be in around July and or August. So we are very hopeful that by that time we’ll convert our country order.
Vikash Singh
Understood. And sir, our overall capacity addition has been running a little bit late. So any change in the overall 1 million ton and 2 million ton plan as of now or we have enough opportunity to basically make up some of the delays of the plant. But how should we look at it?
Pranav Singla
So these delays right now the machine that we got for DFT wasn’t all import from China So there were some delays because of the machine being from international orders as well. But given the condition that our whole CRM unit is being manufactured in India itself. So we are very confident by the by beginning of Q3 we will be starting a narrow bit GP line. So those narrow GP line will enable us at least to give us additional 5 to 8,000 tons of volume in the Q3 cells as well.
And starting Q4 we’ll be giving additional 10 to 50% of the volume from that narrow width GLI.
Vikash Singh
Understood, sir. And lastly sir, the CapEx guidance for FY26.
Pranav Singla
This year 60 to 65 crores is already working progress. And we’ll be spending close to 240 250crores more this year on Qubex.
Vikash Singh
And this will be led by the money you would be investing plus the general cash flow. So our debt would remain zero. Is that a correct assumption?
Pranav Singla
Yeah. There will be no debt on the company. And the company is a very cash position right now as well. That we can do it right now. And plus the warrants were held as well. Although the warrants objectives were different in all categories. So. But this will also help us do the qtex.
Vikash Singh
Understood sir. I have further question. I’ll come back to that. Thank you. And all the time.
operator
Thank you. The next question is from the line of Aditya Velikal from Excess securities. Please go ahead.
Aditya Welekar
Yeah. Thank you for the opportunity. What I heard is that we are targeting 5 lakhs. 5 lakh tons of sales volume for FY26. And that includes Nava still. Is it right?
Pranav Singla
Yes, that’s right. Yeah.
Aditya Welekar
So on the Nava still the entire volumes which we are producing is it for the external sales or it includes some raw material backward integration which we consume internally also?
Pranav Singla
It includes both of them back integration plus material. So the size come to the plant in gpl. So that material doesn’t count in sales. The volume won’t count on that. So it’s additional. So basically the Naba volume this year won’t be any significance to the volume guidance as per se, the whole production of Nabaz will be into five which will be for the coming market. We won’t be. We are now. Good. Now that our entire production from Naba is capable of being used in jpl. I used to mention that we are testing the market and we’re getting the right product.
Now that we are in. Now that we are in a state to consume it in plant itself. So the entire volume will be coming in the form of pipes by Projection at the Mandi plant.
Aditya Welekar
Understood. And means we have seen some underperformance with respect to EBITDA per turn in this quarter. So for FY26 if you can share some insight that how will we jump back to the level of 4000 plus and what will be our map share given our DFT lines are will ramp up. So for FY26 rapture and EBITDA per turn trajectory if you can discuss a bit.
Pranav Singla
So I’ll give you a breakup of how my valued item will be in this current financial year. So for the galvanized pipe I am targeting a sales volume of 1,24,000 tonnes. Visa vis 91,000 tonnes. This year for DST5 we are targeting the volume of 50,000 tons. And for GP by asking are we targeting a volume of 50,000 tons. So all these items come together in the value added segment.
Aditya Welekar
Understood. And EBITDA per turn trajectory this is.
Pranav Singla
Totaling to 2 lakh tons. And all these items as you must be aware are super value added items. In which the galvanized pipes have a beta per ton of around six and a half six thousand rupees. The DST has a beta per ton of 7500 to 7000 rupees. And the GP price and the GP segment has a beta per ton of 4000 to four and a half thousand rupees. So I have combined the two lakh tons of budgeted items over a sales volume of nine luck tons is a project for this year.
Aditya Welekar
Okay. And lastly on this brass voice new job work which you have introduced. So any anything you can quantify in terms of numbers how it will contribute to our EBITDA going forward.
Pranav Singla
It has only been a month and a half since we got hold of this MU and this operation as well. So as of now we’ve already expired close to 50 metric tons of material which is a significant milestone for us. Because the item that we’re selling the market is 700 rupees per kg. Whereas previous 50 rupees for kg. So going in quantities won’t be giving justice to the work that we do in this mu. And our target is to get a total value orders of close to 2,500 crores this year itself by this meu.
Aditya Welekar
Okay, understood. Thanks Pranav. And all the best.
Pranav Singla
Thank you.
operator
Thank you. The next question is from the line of Sneha Talvaja from Nuama Wealth. Please go ahead.
Sneha Talreja
Thanks so much for the opportunity. Just wanted to understand the visibility of having protected EFT technology. Is it largely in the Xbox market? Or in the domestic market. And also could you give your timeline on the color coded card? When are you coming up with it and what’s the visibility there as well?
Pranav Singla
Hey Sneha. So I start with the dst. So DST we successfully commissioned the mill in late March and we’ve tested the market in the. We’ve already tested the western market by now and if you want to quantify, we’ve sold more than 1500 tons of material in the first one itself and the biggest size that we made was 360x350x40mm thickness and the minimum price that we made was 150 by 154 annual thickness. So the market reaction to the product was quite good. And the margins across the same is quite healthy as well. And right now we haven’t exported the first product of DST but we are in the process of that.
And in this quarter itself we’ll be giving you again a new. We’ll be hoping to give you new all time high export in which DSTA will also play a role as well.
Sneha Talreja
Exports margin better than the domestic at this point in time. How do you say a margin trajectory improvement that is EBITDA and improving over the coming quarter
Pranav Singla
Margins in exports versus domestic is almost the same. Obviously given the condition right now because of beauty being applied to India, China might be cheaper right now for a few countries but definitely there are some products that India has dominance over. So we still have good margin over the products. And with this new DST we are opening up orders to USA and Canadian market as well. Mexican market as well where the market has good margins. So all in all the export market margins will stay intact for us. And for the future guidance of. For the future guidance of the default time we should stick to around 4200-4400 range for this current financial year.
Sneha Talreja
Thanks. Thanks and all the best.
Pranav Singla
Thank you.
operator
Thank you. A reminder to all participants, you may press star and one to ask question. The next question is from the line of Dhruvesh from NT stock working. Please go ahead.
Dhruvesh
Thank you for this opportunity. I just want to ask if you can audible properly. Hello, how are you now?
operator
Can you speak little louder please?
Dhruvesh
Hello? Am I audible now?
operator
It’s better.
Dhruvesh
xpeI wanted to ask. You can see that other expenses have shot significantly. So if you can just help us with what comprisesin the other expenses?
Pranav Singla
So one of the major factors in other expenses. So one of the major factors in the other expenses were the freight charges as well. If you see our exports which have Increased. Doubled up. So are the freight charges over there has increased from 5 to 8 crores. Around 9 crores. So that’s one of the biggest contributors to that. And there were some few CSR expenses that we were putting in the fourth quarter. And if you look at the whole year other expenses, the increases from 70 crores to 80 crores. And this also constitutes the expenses that we did for QIP this year.
The company had a QIP transaction this year. And there’s a legal fees and banking fees involved in that. So the expenses come out to be bigger because of that.
Dhruvesh
Okay, sir. Thank you.
operator
Thank you. The next question is from the line of Karishma Nahar from an individual investor. Please go ahead.
Karishma Nahar
Hello.
operator
Yes, ma’ am. Go with a question please.
Karishma Nahar
Am I audible?
operator
Yes ma’ am, you’re audible.
Karishma Nahar
I wanted to ask that. In Maharashtra they have increased that you have increased a ton from 2 lakh to 4.5 lakh metric ton per annum. So how much revenue are you expecting to generate in near future because of that?
Pranav Singla
So ma’ am we started. We commissioned our DSP plans this year in March. So with the operational efficiency and production starting at the Malasa plant. Even if we assume Conservative because of 65% utilization we’ll be able to achieve close to 1 in the plant itself.
Karishma Nahar
Sorry, I didn’t get that properly.
Pranav Singla
Ma’ am. We. We’ll be expecting to commission that. As we already commissioned the plant and we commissioned the calibration as well. We’ll be able to achieve a case volume of 2 and a half lakh tons to 2 lakh 71 tons from that plant this year.
Karishma Nahar
And I wanted to ask that how much revenue segment is of ERW 5.
Pranav Singla
And the entire revenue for the company. We are.
Karishma Nahar
So because of the increasing competition. Is there any specific strategy that you’re trying to deploy in order to gain the market share in ERW5 segments?
Pranav Singla
We already are close to 9% market share in the industry. And with the expanding Susan that the company is taking initiative to grow the product. That’s the strategy that we have to bring more market share in the market.
Karishma Nahar
Okay. Thank you.
operator
Thank you. A reminder to all participants. You may press Star in one to ask question. The next question is from the line of Lokesh comes with limited. Please go ahead.
Lokesh Kashikar
Good evening. Sir. A couple of questions from my side. Firstly on the volumes guidance you have given up around 5. How confident you are basically to achieve pilot terms of sales for business FY26. Given that the FY25 has been muted for us and it will expose my buyers. The sales volume has been around 3 closer to 3.5. So what will the GoPro drive up on that?
Pranav Singla
Thanks for the question. First of all the NABA volumes as I mentioned that all the produce of NABA will be consuming vehicle itself. There is nothing as that NABA volume will be in the market. It’s just that the pipe volume will be there in the market now with extra margin as well obviously because of the back integration. And when I’m saying 5 lakh tons I’m giving you a very conservative number because in this are not estimated the Capex or Capex that we complete in the Q3. So I’m given the number of given the target of 5 lakh.
I’m giving this target because the current run rate of this quarter is proving so or proving more than that as well.
Lokesh Kashikar
Okay. Secondly, do you feel that everybody is basically increasing their capacity in the industry, including Big Care as well. So do you think that the competitive intensity will play a role in suppressing our target EBITDA target for.
Pranav Singla
There was already enough competition in the market and going there as well. Like we have been getting this question for the past five years that when we try to expand our SKUs, when we try to add our capacity but successfully from a volume of 50,000 tons, we are close to a volume of 2,000 tons a quarter now in 2019 my total year volume was 50,000 tons and now I’m able to do that bunch of volumes in one quarter as well, one month as well. So this is happening because I’m adding more SKUs, I’m adding plants at locations and adding plants with more, much more SKUs from 300 SKUs I’ve already 1500 SKUs and going further ahead my SKUs will be 2500.
So till the time I’m adding more SKUs the margin will not will not get a crunch. If it’s just over capacity in particular SQ range then I might have that fear. So we are pretty much secured with the margins of 4200-400 is a very safe EBITDA per ton target for us to maintain.
Lokesh Kashikar
No? Fine. And on the realization front, considering that the value improve which will stop our realization, but do you think that the 12% safeguard duty that was introduced on April is also likely to help us in realization? So just wanted to just wanted to get dense on the realization?
Pranav Singla
Yeah, since the duty has been implied, everybody has seen a run up in the HFP prices and so obviously that will obviously improve the realization as well. And along with that as we are flushing more valuable items in the market which is BSP5 and we’ll soon be starting a GP line, our realization should reach in Q4 at least 60 double rupees.
Lokesh Kashikar
Okay. Okay. Lastly only the unfortunate scene that just wanted to have update on that is the file is the case has been closed or what is the situation?
Pranav Singla
The case was never closed or open and we were never in much of a loop. The only part what happened was there was questioning happened at the premises and other questions were answered. And him being a shareholder for a warrant who are in the company, the questions are regarding that and we haven’t been quite information about it.
operator
Thank you. The next question is from the line of Kalpesh Ghoti from well intense advisors. Please go ahead.
Kalpesh Gothi
Yeah. Hi Pranav. Now you know we almost completed first two months. So how the April and May went for us in terms of volume and any guidance on the from Q4 where we see the EBITDA pattern vehicle based.
Pranav Singla
Hope you’re doing well. So if you want a small breakup of the volume, we have targeted around 5 lakh tons of volumes for this year out of which the value added items comes to around 2 lakh tons. And which is which includes GI pipes of 1,200,000 tons. So this product segment is super value added which is sold at a margin of 6,650 thousand rupees.
The DST is around 50,000 tons which is again sold at a beta per ton of 7,000 to 8,000 piece of beta per ton depending on the size range. And then finally comes the GP segment which is the new segment starting for us Q3 onwards, the PFX is almost in place. And why I’m saying you Q3 because we want to deliver it to you by Q2. But just a safe buffer for us for the company as well to deliver that and the capacity for the GP plant is to produce close to 50,000 tons of material a month.
So given conservative numbers this year the target for that GP plant itself will be 20,000 tonnes for this entire year and next year onwards every month we’ll be giving you additional 50,000 tons of volume from deeper plant as well.
Kalpesh Gothi
Yeah. How the first two months went for us?
Pranav Singla
The first two months were doing pretty well for us. If I had a chance I would be able to quantify as well. But as I have mentioned the target of 5 lakh time I think with this run rate will be coping up.
Kalpesh Gothi
Okay, thanks.
Pranav Singla
Thank you.
operator
Thank you. The next question is from the line of JYOTI from LIC Mutual fund. Please go ahead.
Jyoti
Hello. Hello.
operator
Yes, ma’ am.
Jyoti
Yeah, so basically your other expenses during the quarter increased by almost 54 to 55%. You told that there was a freight increase because of the export guys. But in your presentation I don’t see the volume increased as such quarter. Can you please quantify where exactly the increase has come from?
Atul Garg
Hi, Atul the side ma’ am. If you see [Foreign Speech]. If you see our balance sheet, what we have uploaded on the NSE side [Foreign Speech].
Jyoti
So this is not just the export because. Okay.
Atul Garg
It’s just on the export. It’s a combination of a lot of expenses. Admin expenses, manufacturing expenses, selling and distribution expenses. But the major component is Expo outward freight and CSR expenses.
Jyoti
Okay. Also during Q4 we have seen that most of the ERW players has gained. Has done. Has an inventory gain due to the rise in the steel prices. So what went wrong with JTL in terms of. Because we don’t see such gain for jtl.
Pranav Singla
The only point was that all other players probably could give a better situation was because everybody had probably added capacity in the previous year and got a result for them in this current year. We on the flip side have added capacity in the previous financial year and we’ll get results for that capacity starting Q1 itself as well. And the major component that increased for us was exports where the free charges came in. So if otherwise we had been selling the same product in the market as well to government. But as you know, this was a this year there was no government capex as such.
So our major material was exported this year which you can see in the numbers. So because of those some expenses were incurred extra as well.
Jyoti
Okay.
Pranav Singla
Everybody other players maybe had a volume growth as well because of those those things other factors play in. But as you understand about numbers, this was a very muted year for us.
Jyoti
Okay. Okay.
operator
Thank you. The next question is from the line of aji, an individual investor. Please go ahead.
Ajay
Yeah. What is the percentage of phasing? If you looked at the overall target of 5 lakhs split between the quarters.
Pranav Singla
Can you please again review the question?
Ajay
We are targeting 5 lakhs for the full year. That’s the target, right? That’s a plan rather. So what is the phasing that we are targeting quarter wise?
Pranav Singla
So we are targeting 125 per quarter and the last quarter should be subpar of 140.
Ajay
I said the phasing is almost same 125 every quarter, right? That’s what you said last quarter. 140. So which means that
Pranav Singla
Q3 and Q4 you can see Q3 and Q4 you can See a jump coming in. Q3 you will sort of jump see a jump coming in and Q4 as you will see the full colors of my VP line as well. In addition on the quantity. That’s right as well. But Q1 and Q2 for the H1 my target is 2.5 points.
Ajay
Okay, and my next question is, since we are adding new products, it’s a product extension. So considering that, do we have a plan in place for our customers?
Pranav Singla
Also the product that we are offering are starting in the market is a supplementary to the pipes that we make. So it’s sold in the same dealer market. We’re starting with the GP line in which we’ll be making GP coils and then further making GP pies out of them. And the next phase in which we are in CRM, which is a cold rolling mill, we’ll be adding the same plant in a wider. So in the GP line the maximum width of the coil that we can GP is 650mm of it. With the starting CRM we’ll be able to do the same operation of from ETA to CR and then CR to GP line to color coated in 150012 to 1500 webs as well.
So we’ll be building the whole work of products in that segment and that product will be the roofing sheet. So again the roofing sheet is sold in the same dealer market where are currently HFX are being sold as well.
Ajay
Okay, and my last question is. Thanks. My last question is what is the total percentage of our business happening through export and what percentage of business is happening specifically through of exports between. Between the export, what is the percentage of business happening from us?
Pranav Singla
So currently us is zero. And because the BSE started in Q4 itself and starting Q1 there might be a proportion of export in the US but currently as of now, if you talk about the entire exports, our exports is 9.5 to 10% for the last financial year.
Ajay
Okay, and are we planning the growth? Do we have a growth plan since we are targeting for 5 lakhs and so what percentage of business we are targeting from extra.
Pranav Singla
So as I’m targeting this year, my volume percentage of export will still remain 10%. I’m targeting 50,000 tons to 60,000 tons of exports this year. So visa, as compared to my total sales volume target of 5 lakhs. The percentage will remain same but there will be an increase in exports in other ways in quantum.
Ajay
Got it? Got it. Done. Thank you so much.
operator
Thank you. A reminder to all participants you may press star N1 to ask questions. As there are no further questions from the participants. I now hand the conference over to the management for closing comments. Over to you sir.
Pranav Singla
Thank you everybody for taking the time and joining the concole of JTL for Q4 and FY25 again repeating the target for this current financial year. We have a target of 5 lakh tons of phase volume this year out of which the H1 will be 2.5 lakh tonnes and we wish to surpass 2.5 lakh tonnes in H2 with the growth in Arabita as a whole as well. Thank you everybody for joining the call.
operator
Thank you on behalf of Ntech Stock Working Ltd. That concludes this conference. Thank you for joining us and you may now disconnect your lines. Thank you.