Time Technoplast PAT spikes up by 29 per cent

Time Technoplast reported its results for the quarter ended March 31, 2018.

The company’s consolidated revenue for the quarter came in at Rs. 943 crore, registering 16.4 per cent yoy increase.

EBITDA for the quarter rose by 29.6 per cent yoy to Rs. 146 crore with a corresponding margin expansion of 158 bps. EBITDA margin for the quarter stood at 15.5 per cent.

The PAT for the quarter came in at Rs.  55.35 crore, yoy increase of 29 per cent.

Looking at the full year numbers, we see that revenue jumped by 13 per cent to reach Rs.3102.7 crore while EBITDA rose by 17 per cent to 473 crore. The company reported net profit of Rs. 180 crore, up 23 per cent yoy.

The board of directors have recommended a final dividend of Rs. 0.80 per equity share of the face value of Rs 1 each.

Time Technoplast Limited (TTL) is a leading manufacturer of polymer products with operations in India, Bahrain, Egypt, Indonesia, Malaysia, Sharjah, Taiwan, Thailand and Vietnam.

On Friday, the stock opened at Rs. 139.90 and made an intraday high of Rs. 143.55, on the BSE.