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Hot Pursuit News

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(13 Feb 2024, 13:02)

Time Technoplast hits 52-week high after Q3 PAT jumps 49% YoY

Time Technoplast soared 10.64% to Rs 192.35 after the company’s consolidated net profit jumped 49.55% to Rs 91.60 crore in Q3 FY24 as compared with Rs 61.25 crore posted in Q3 FY23.


Revenue from operations stood at Rs 1,324.65 crore in Q3 FY24, registering a growth 17.37% YoY.

The firm reported profit before tax jumped 49.26% to Rs 125.83 crore in Q3 FY24 as compared with Rs 84.30 crore posted in same period a year ago.

EBTIDA stood at Rs 19.25 crore in Q3 FY24, registering the growth of 25.81% as compared with Rs 15.3 crore posted in Q3 FY23. EBITDA margin improved to 14.5% in Q3 FY24 as compared with 13.5% posted in Q3 FY23.

On the segmental front, revenue from the polymer products business stood at Rs 861.05 crore (up 13.27% YoY), and composite products business was at Rs 463.61crore (up 25.82% YoY) during the period under review.

The firm stated that value added products grew by 25% in Q3FY24 as compared to Q3FY23, while established products grew ...

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