Q1FY19 Result: TPL Plastech profit increases by 15.6 per cent

TPL Plastech reported its results for the quarter ended June, 2018 on Wednesday after market hours. The company's standalone revenue for the quarter came in at Rs. 48.8 crore, registering 13 per cent yoy increase.

EBITDA for the quarter rose by 15.5 per cent yoy to Rs. 6.41 crore with a corresponding margin expansion of 29 bps. EBITDA margin for the quarter stood at 13.1 per cent. 

The PAT for the quarter came in at Rs. 2.81 crore, yoy increase of 15.6 per cent.

TPL Plastech Limited is a manufacturer of plastic products. The company's segment includes polymer products and all its business operations are in India.

On Thursday, the stock opened at Rs. 260.60 per share, down by almost 3.5 per cent from its previous close of Rs. 270. At 10:15 am, the stock was trading around Rs. 267, on the BSE.