Mid-cap stock which is the market leader in manufacturing of polymer-based products jumped up to 5 % after receiving an order for the supply of type IV cylinders from a PSU company.
Share Price Movement
With a market capitalization of ₹8,896 Crore, the stock of Time Technoplast opened at ₹387.30 up 3.45 % from yesterday’s close, and after opening, it made an intraday high of ₹393 up 5 %.
Order Update
The company received an order worth ₹40.64 Cr from a well-established PSU. Order is for the supply of Type IV cylinders – Mobile storage cascades for CNG and CGD network. The time period in which the order has to be executed is within 1 year.
Financial Highlight
The company reported a 14.72 % YoY increase in revenue from ₹1194 Cr in Q2FY24 to ₹1370 Cr in Q2FY25. On a QoQ basis, the company reported an increase of 11.37 % in revenue from 1230 Cr in the previous quarter.
Their Net profit saw an upside with a 39.64 % YoY increase from ₹71.46 Cr to ₹99.79 Cr for the same period. On a QoQ basis, the company reported an increase of 24.02 % in revenue from 80.46 Cr in the previous quarter.
EBITDA margin stood at 14.38% for Q2FY25 compared to 13.99% for Q2FY24. Net profit margin was 7.28% compared to 6.54% for the same period.
Segment Analysis
The largest part of revenue for the company comes from Polymer products which account for 63.28% of total revenue then comes Composite Products at 36.71 % of the total revenue.
About the company
Time Technoplast is a multinational conglomerate with operations in Bahrain, Egypt, Indonesia, India, Malaysia, UAE, Taiwan, Thailand, Vietnam, Saudi Arabia & USA. It is a leading manufacturer of polymer products. Their portfolio consists of technically driven innovative products catering to growing industry segments and a dominant market position with over 55% market share in domestic Industrial packaging. World’s largest manufacturer of large-size plastic drums
Written By Abhishek Das
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