19 Aug 2022 | 4:43 PM
Research Report
Monthly

Equity Research Report: Time Technoplast Ltd. - Q2FY19 Result Update - Value added offerings to drive growth

Time Technoplast Ltd (TTL) Q2FY19 net revenue increased by 14.2% YoY in Q2FY19, driven by 9% growth in volumes. However, EBITDA declined by 1.6% YoY, while EBITDA margins contracted 209bps YoY to 13%, impacted by input cost inflation and rupee depreciation. Further, decline in the other income and higher depreciation, interest & tax expense resulted in 24.7% YoY decline in PAT.
12 Dec 2018 | 10:34 AM

However, going forward, we remain positive on TTL’s growth prospects. Volume offtake is likely to improve on the back of healthy demand outlook for plastic products along with company’s continued efforts towards innovative product offerings and capacity addition. We maintain a Buy on the stock with revised target price of Rs 128.