Time Technoplast Limited reported a successful fiscal year 2026, with consolidated revenue growing 12% to ₹6,114 crore. EBITDA increased by 14% to ₹901 crore, and Profit After Tax saw a 21% rise to ₹469 crore. The company also highlighted strong momentum in Q1 FY27 and outlined strategic growth plans focusing on composite products and sustainability.
Time Technoplast Reports Strong FY26 Performance
Time Technoplast Limited announced its financial results for the fiscal year ending March 31, 2026, showcasing a year of resilience and robust growth. The company’s consolidated revenue reached ₹6,114 crore, marking a significant 12% increase compared to ₹5,462 crore in FY25. This performance was achieved despite a challenging global economic environment characterized by supply chain strains and unpredictable input costs.
Key Financial Highlights (FY26)
The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 14% to ₹901 crore, up from ₹790 crore in the previous year. Profit After Tax (PAT) demonstrated strong growth, increasing by 21% to ₹469 crore from ₹388 crore in FY25. These results underscore the effectiveness of Time Technoplast’s business model, disciplined pricing strategies, and focus on high-growth segments.
Volume Growth and Product Portfolio
Consolidated volumes for FY26 grew by a healthy 13.5% year-on-year, reflecting sustained demand across its product categories. The company emphasized its growing diversification towards higher-value, technology-driven products. Notably, Composite Cylinders, Intermediate Bulk Containers (IBCs), and MOX Films saw a significant increase in revenue, growing by approximately 18% and contributing 29% to the consolidated revenue, up from 27% in FY25. Established Products also contributed with a 10% growth.
Momentum Continues into FY27
The positive momentum has carried forward into the new financial year. In the first quarter of FY27 (Q1 FY27), Time Technoplast reported a 25% increase in revenue to ₹1,694 crore, compared to ₹1,354 crore in Q1 FY26. EBITDA grew by 15% to ₹225 crore, and Profit After Tax increased by 22% to ₹117 crore. This growth was achieved with an 11.3% volume increase, highlighting the company’s focus on profitable and sustainable expansion.
Business Outlook and Strategic Initiatives
Looking ahead, Time Technoplast aims to strengthen its core businesses while diversifying into high-potential sectors and expanding internationally. The company foresees strong growth opportunities in composite cylinders, with the global CNG composite cylinder market projected to grow at a CAGR of nearly 12% through 2034 and the Indian LPG cylinder market expected to grow at over 6% CAGR through 2030. Investments in R&D are focused on enhancing product portfolios and meeting evolving customer needs. Key strategies include cutting-edge innovation, selective expansions, and global scaling.
Industrial Packaging Dominance
Time Group maintains its position as a global leader in industrial packaging across 9 out of 11 countries, holding over 55% market share in India. Its industrial packaging portfolio, including drums, barrels, and pails, generated ₹3,744 crore in FY26 (60% of consolidated revenue), while IBCs contributed ₹808 crore (13% of consolidated revenue). The company is the world’s third-largest IBC manufacturer.
PE Pipes and Composite Products Growth
The Infrastructure business, comprising PE Pipes and Energy Storage Devices, generated revenues of ₹402 crore in FY26. The company also completed the acquisition of a 76% stake in Systoverse Private Limited, a Maharashtra-based manufacturer of HDPE pipes and sprinkler systems. Composite Products, including LPG, CNG, and Hydrogen cylinders, generated ₹762 crore in FY26. The company is actively developing higher-capacity CNG and LPG cylinders and expanding into hydrogen applications.
New Products and Sustainability
Time Technoplast’s R&D efforts are focused on new product development for sustainable technologies. The company is the first in India to receive PESO approval for Type-III and Type-IV composite hydrogen cylinders and has successfully completed flight trials of a hydrogen-powered drone integrated with its cylinder. The company is also committed to sustainability, targeting 75% power consumption from green energy in the next two years and has operationalized its first recycling plant.
Shareholder Returns and Capital Expenditure
The company rewarded shareholders with a 1:1 bonus share issue and recommended a final dividend of ₹1.50 per share for FY26. Capital expenditure during the year was ₹370 crore, primarily for volume growth, automation, and expansion projects.
Source: BSE
