Time Technoplast Ltd

Net profit of Time Technoplast rose 10.00% to Rs 100.76 crore in the quarter ended December 2024 as against Rs 91.60 crore during the previous quarter ended December 2023. Sales rose 4.76% to Rs 1387.74 crore in the quarter ended December 2024 as against Rs 1324.65 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1387.741324.65 5 OPM %14.4614.39 - PBDT179.78167.57 7 PBT136.79125.83 9 NP100.7691.60 10 Powered by Capital Market - Live

Time Technoplast has received an order for supply of Type IV cylinders - Mobile Storage Cascades, with a total order value of approximately Rs. 40.64 crore. This order is from a well-established PSU, which is a joint venture of Government owned enterprises. Powered by Capital Market - Live

Time Technoplast will hold a meeting of the Board of Directors of the Company on 11 February 2025.Powered by Capital Market - Live

Time Technoplast announced the establishment of a state-of-the-art production facility in the MODON Industrial Area, Saudi Arabia through it's subsidiary company Gulf Powerbeat, KSA. This advanced plant will specialise in producing 1,000 litres Intermediate Bulk Containers (IBCs) and plastic drums, incorporating cutting-edge automation technology to deliver exceptional quality and operational efficiency. Set to commence operations by Q2 2025, this facility highlights our dedication to providing innovative and localised industrial packaging solutions for customers in Saudi Arabia, and also cater to Kuwait and Qatar. By manufacturing within the region, we aim to enhance our responsiveness and reaffirm our commitment to customer satisfaction, the company said. Powered by Capital Market - Live

Time Technoplast has received an approval from the Nodal Agency, Petroleum and Explosives Safety Organization (PESO) for the manufacture and supply of high pressure Type -3 fully wrapped fibre reinforced composite cylinders (6.8 liters). These high-pressure cylinders will find usage for storing hydrogen to power fuel cell driven unmanned aerial vehicles and drone applications. This is a significant milestone making Time Technoplast ' the first company in India to receive such an Approval for Manufacture of Type-3 fully wrapped fibre reinforced composite cylinders for hydrogen powered fuel cell, unmanned aerial vehicles (UAV'S) & drones. The company is involved in developing additional sizes for the same application. Powered by Capital Market - Live

Net profit of Time Technoplast rose 39.72% to Rs 98.36 crore in the quarter ended September 2024 as against Rs 70.40 crore during the previous quarter ended September 2023. Sales rose 14.76% to Rs 1370.52 crore in the quarter ended September 2024 as against Rs 1194.21 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1370.521194.21 15 OPM %14.3213.97 - PBDT174.34141.66 23 PBT132.5795.90 38 NP98.3670.40 40 Powered by Capital Market - Live

Time Technoplast will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live

The proposal is subject to necessary approvals including the approval of the members of the company and such other regulatory/statutory approvals as may be required. The firm will utilize these proceeds in India and Overseas including subsidiaries for the following purposes, or a combination thereof: partial or full repayment and/or pre-payment of short term and/or long-term debt; capital investments for the expansion of both greenfield and brownfield projects focused on value-added products such as intermediate bulk containers (IBCs), composite products includes CNG, LPG and hydrogen cylinders/ cascades. The company may also use funds for capital expenses for automation, reengineering/modifications of the moulds, machineries and Equipment for reduction in recurring cost and to improve margins; funding the organic and inorganic growth in the area of its operations; meeting the working capital requirements and general corporate purpose. Time Technoplast is engaged in manufacturing of polymer & composite products. The company offers a range of technology based polymer products catering to the growing sectors of the Indian economy with industrial and consumer packaging solutions, lifestyle products, auto components, healthcare products and construction and Infrastructure related products. The company's consolidated net profit jumped 41.4% to Rs 79.31 crore on 14% increase in revenue from operations to Rs 1,230.05 in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

The proposal is subject to necessary approvals including the approval of the members of the cCompany and such other regulatory/statutory approvals as may be required. The company shall utilize these proceeds in India and Overseas including subsidiaries for the following purposes, or a combination thereof: partial or full repayment and/or pre-payment of short term and/or long-term debt; capital investments for the expansion of both greenfield and brownfield projects focused on value-added products such as intermediate bulk containers (IBCs), composite products includes CNG, LPG and hydrogen cylinders/ cascades. The company may also use funds for capital expenses for automation, reengineering/modifications of the moulds, machineries and Equipment for reduction in recurring cost and to improve margins; funding the organic and inorganic growth in the area of its operations; meeting the working capital requirements and general corporate purpose. Time Technoplast is engaged in manufacturing of polymer & composite products. The company offers a range of technology based polymer products catering to the growing sectors of the Indian economy with industrial and consumer packaging solutions, lifestyle products, auto components, healthcare products and construction and Infrastructure related products. The company's consolidated net profit jumped 41.4% to Rs 79.31 crore on 14% increase in revenue from operations to Rs 1,230.05 in Q1 FY25 over Q1 FY24. The scrip declined 2.11% to close at Rs 398.65 on the BSE. Powered by Capital Market - Live

Time Technoplast will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live