TPL Plastech comes up with mixed results

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 total revenue for the quarter rose by 9 per cent yoy and 3.3 per cent qoq to Rs. 47 crore in Q3FY18 compared to Rs. 43 crore in the previous year corresponding quarter and Rs. 45 crore in previous quarter.

The EBITDA for the quarter rose by 10.3 per cent yoy and 7.7 per cent qoq to Rs. 6 crore in Q3FY18 compared to Rs. 5.36 crore in previous quarter. The EBITDA margins for the quarter remained unchanged at 12.6 per cent for Q3FY18 compared to Rs. 12.4 per cent in previous year corresponding quarter.

The bottom-line largely remained stable at yoy growth of 7.7 per cent and declined by 11 per cent qoq to Rs. 2.6 crore in Q3FY18 compared to Rs. 3 crore in Q3FY17 and 2.5 crore in previous quarter. This was largely due to higher tax rate for the quarter.

The stock closed at Rs.526 stock prices, up by 6.7 per cent, on the bourses on Monday