DSIJ Mindshare

TPL Plastics reported stable quarterly performance over the previous year. The total revenue for the quarter was strong with stable EBITDA margins

The company's EBITDA for the quarter fell by 2.4 per cent YoY to Rs. 6.889 crore, with a corresponding margin contraction of 179 bps. Its EBITDA margin for the quarter stood at 8.5 per cent. This margin contraction was due to jump in cost of materials by 21 per cent YoY.

The company's standalone revenue for the quarter came in at Rs. 722.72 crore, registering an increase of 9.1 per cent YoY. This was primarily driven by rise in revenue from PVC pipes and fittings segment by 19.7 per cent YoY.

Moreover, the company believes that its debt would reduce by Rs. 25,000 crore through prepayment and transfer of DOT spectrum instalments.

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