Time Technoplast announced robust financial results for the second quarter and first half of FY27. The company achieved its highest-ever quarterly performance in Q2FY27, with Total Income increasing by 32% to ₹19,961 Mn and PAT growing by 27% to ₹1,461 Mn. For H1FY27, Total Income rose by 29% to ₹36,899 Mn, with PAT up 25% to ₹2,624 Mn. Key highlights include strong volume growth and improved profitability through effective pricing and operational efficiencies.
Time Technoplast Achieves Record Quarterly Performance in Q2FY27
Time Technoplast Ltd. has reported its highest-ever quarterly performance for Q2FY27, showcasing significant growth in revenue, EBITDA, and Profit After Tax (PAT). The company’s Total Income for Q2FY27 reached ₹19,961 Mn, marking a substantial 32.0% increase compared to ₹15,112 Mn in Q2FY26. EBITDA saw an 18.4% rise to ₹2,650 Mn, while PAT surged by 26.6% to ₹1,461 Mn from ₹1,154 Mn in the prior year period. The PAT margin stood at a healthy 7.3%.
H1FY27 Financial Highlights
For the first half of FY27 (H1FY27), Time Technoplast also demonstrated strong financial momentum. Total Income grew by 28.8% to ₹36,899 Mn compared to ₹28,658 Mn in H1FY26. EBITDA increased by 16.9% to ₹4,904 Mn. PAT for H1FY27 was ₹2,624 Mn, a 24.6% improvement over ₹2,105 Mn in the corresponding period last year. The company maintained its PAT margin at 7.1%.
Key Performance Drivers
The company’s performance is attributed to a double-digit volume growth of 14% in Q2FY27. The higher EBITDA growth relative to volume growth highlights the company’s ability to enhance profitability through effective pricing strategies, optimized product mix, and operational efficiencies. This approach moves beyond reliance solely on volume expansion.
Operational & Strategic Updates
Key highlights also include Cash Generated from Operating Activities of ₹3,438 Mn in H1FY27 and a reduction in Debt (Net of Cash) by ₹959 Mn. Total Capex for H1FY27 was ₹1,741 Mn. The company achieved a 28.6% growth in Composite Cylinders (CNG) and maintained a 65:35 share of business between India and Overseas markets. Return on Capital Employed (ROCE) stood at 18.0% in H1FY27.
Additionally, Time Technoplast secured a confirm tender worth ₹3,750 Mn for the supply of Packaging Products and holds a strong order book totaling ₹2,100 Mn for Composite Cylinders (CNG Cascades) and ₹1,950 Mn for PE Pipes.
Growth Plans and Segmental Performance
The company outlined its continued growth plan with targeted volume growth of 11-13% for Packaging Products and 25-30% for Composite Products. The strategy focuses on increasing efficiencies, consolidating operations, managing manpower and power costs, and divesting non-core assets. Segmental performance data shows growth in both Polymer and Composite Products, and Established and Value Added Products, indicating broad-based improvement.
Source: BSE
