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Time Technoplast (TTL), has emerged as a formidable player in the polymer space, with a product repertoire that caters to diverse segments like industrial packaging, lifestyle, auto components, healthcare and infrastructure. Its focus on technology in the polymer space and consistent efforts in developing a broad range of products across multiple verticals has enabled it to straddle a wide spectrum of user industries and thereby reduce dependence on any single product or user industry. In the domestic plastic based industrial packaging TTL enjoys dominant market share.
TTL is now also a multinational conglomerate with operations in Bahrain, Belgium, China, Egypt, Indonesia, India, Korea, Malaysia, Poland, Romania, Singapore, Sharjah, Taiwan, Thailand, Vietnam.
December 2017 quarter consolidated results
For the quarter ended December 2017, it registered a 12% rise in consolidated sales to Rs 754.70 crore. OPM improved from 15.3% to 15.4% which saw OP rise 13% to Rs 116.29 crore.
Other income jumped 80% to Rs 19 lakh and interest cost fell 5% to Rs 20.97 crore. As depreciation grew 13% to Rs 33.40 crore, PBT went up 22% to Rs 62.11 crore.
Tax grew 7% to Rs 14.01 crore after which PAT went up 27% to Rs 48.09 crore.
Minority interest fell 2% to Rs 1.35 crore after which net profit went up 28% to Rs 46.74 crore.
Nine months consolidated results
For the nine months, consolidated sales grew 11% to Rs 2160.05 crore. OPM improved from 15.0% to 15.1% which saw OP rise 12% to Rs 327.16 crore.
Other income grew 30% to Rs 1.02 crore and interest cost fell 8% to Rs 62.80 crore. As depreciation grew 19% to Rs 98.66 crore, PBT went up 18% to Rs 166.71 crore.
Tax grew 16% to Rs 38.50 crore after which PAT went up 19% to Rs 128.22 crore.
Minority interest fell 12% to Rs 3.20 crore after which net profit went up 20% to Rs 125.02 crore.
Consolidated segment performance
During the quarter Polymer Products contributed 70% of the total revenue. Revenue grew 11% to Rs 527.56 crore. PBIT grew 11% to Rs 58.25 crore and accounted for 70% of total
During the quarter Composite Products business accounted for 30% of the total revenue. Revenue grew 17% to Rs 227.15 crore. PBIT went up 19% to Rs 24.64 crore and accounted for 30% of total
For the nine months, Polymer Products contributed 70% of the total revenue. Revenue grew 10% to Rs 1522.38 crore. PBIT grew 8% to Rs 162.23 crore and accounted for 71% of total
For the nine months, Composite Products business accounted for 30% of the total revenue. Revenue grew 14% to Rs 637.67 crore. PBIT went up 13% to Rs 66.26 crore and accounted for 29% of total
Valuation
The share price trades at Rs 1858.
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