TPL Plastech jumps 5 per cent on improved Q4FY18 numbers

TPL Plastech reported its results for the quarter ended March 31, 2018 on Tuesday after market hours. The company’s consolidated revenue for the quarter came in at Rs. 57.03 crore, registering 15.5 per cent yoy increase.
  
EBITDA for the quarter rose by 21 per cent yoy to Rs. 7.17 crore with a corresponding margin expansion of 57 bps. EBITDA margin for the quarter stood at 12.6 per cent. This margin expansion was aided by decline in employee benefit expenses by 10.7 per cent yoy.
  
The PAT for the quarter came in at Rs. 4 crore, yoy increase of 19.8 per cent.
  
Looking at the full year numbers, we see that revenue jumped by 7 per cent to reach Rs. 192.66 crore while EBITDA rose by 11 per cent to 24.17 crore. The company reported net profit of Rs. 12.16 crore, up 8 per cent yoy.
  
During the quarter, the commercial production commenced at greenfield manufacturing facility for industrial Packaging products at Vizag.
  
The board of directors has approved and recommended a final dividend of Rs 3.50 per equity share of face value of Rs. 10 each.
  
TPL Plastech is a manufacturer of plastic products. Its PE pipes are used in applications, such as portable water services or distribution lines, sewerage and drainage, cable ducting, natural gas distribution, irrigation, waste disposal, industrial application and offshore pipeline installation.
  
On Wednesday, the stock opened at Rs. 320 per share, up by almost 2 per cent from its previous close of Rs. 315.25 and was spiked by almost 5 per cent to create intraday high of Rs. 331.75 on the BSE.