TTL is now a multinational conglomerate with operations in Bahrain, Belgium, China, Egypt, Indonesia, India, Korea, Malaysia, Poland, Romania, Singapore, Sharjah, Taiwan, Thailand, Vietnam.

Its portfolio consists of technically driven innovative products catering to growing industry segments like, Industrial Packaging Solutions, Lifestyle Products, Automotive Components, Healthcare Products, Infrastructure / Construction related products, Material Handling Solutions & Composite Cylinders.

December 2013 quarter consolidated results- sales jump 47% but OPM crash 550 basis points

Time Technoplast reported a 24% rise in consolidated sales to Rs 547.78 crore for the quarter ended December 2013.

OPM crashed 330 basis points from 17.5% to 14.2% which limited OP growth to just 1% to Rs 78.02 crore.

Other income jumped 186% to Rs 12 lakh..

Interest cost grew 14% to Rs 25.41 crore and depreciation jumped 34% to Rs 21.82 crore.

Thus PBT went down 20% to Rs 30.91 crore.

After providing for tax (down 16% to Rs 7.38 crore) PAT fell 21% to Rs 23.53 crore.

Minority interest stood at Rs 79 lakh against Rs 87 lakh, down 9%. Finally net profit fell 22% to Rs 22.74 crore

Nine month results – Consolidated sales are up 31% but net profit is down 20%

For the nine months ended December 2013 the company reported a 31% rise in consolidated sales to Rs 1669.27 crore.

OPM fell 370 basis points to 13.3% which saw OP rising just 2% to Rs 222.31 crore.

Other income jumped 125% to Rs 1.20 crore. Interest cost grew 10% to Rs 72.66 crore and depreciation jumped 39% to Rs 64.42 crore.

Thus PBT fell 18% to Rs 86.43 crore.

After providing for tax (down 16% to Rs 20.39 crore) PAT fell 19% to Rs 66.04 crore.

Minority interest stood at Rs 2.40 crore, down 4%. Finally net profit fell 20% to Rs 63.64 crore

Valuation

The share price trades at Rs 34.