Time Technoplast Q1 Results: Net Profit Rises 22% YoY, Revenue Up 28% YoY
Time Technoplast reported Q1FY26 consolidated net profit of 1.16B Rupees versus 951M in the year-ago period, with revenue rising to 17B Rupees from 13.25B YoY. EBITDA stood at 2.24B Rupees versus 1.95B, while EBITDA margin contracted to 13.25% from 14.41%, reflecting higher input costs. Both Polymer and Composite Products segments posted strong double-digit revenue growth, with total segment assets expanding to ₹5,673.89 crore.
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Time Technoplast Limited reported a year-on-year increase in consolidated net profit after tax (PAT) to ₹116 crore for the quarter ended June 30, 2026, driven by a surge in revenue from operations to ₹1,700 crore. The growth was supported by strong performance across both polymer and composite product segments, with the latter contributing significantly to top-line expansion. Standalone PAT rose 25% YoY to ₹56.17 crore, while standalone revenue grew 35% to ₹866.83 crore.
The Board of Directors approved the unaudited financial results at its meeting held on August 05, 2026. Joint Statutory Auditors M/s. K P M R & Co. and M/s. Raman S. Shah & Co. issued their limited review reports on the same date. The results were prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. Additionally, the Board approved the appointment of Mr. Devendra Jitendra Shah and Mrs. Hema Rajendra Gaitonde as Additional Directors in the category of Non-Executive Independent Directors, effective August 05, 2026, subject to shareholder approval at the ensuing Annual General Meeting.
Financial Performance
Consolidated revenue from operations stood at ₹1,700 crore in Q1FY26, compared to ₹1,325 crore in the corresponding quarter of the previous year. Consolidated EBITDA came in at ₹2.24B Rupees versus ₹1.95B in the year-ago period. Other income decreased to ₹1.09 crore from ₹0.93 crore. Total expenditure rose to ₹1,536.23 crore from ₹1,224.24 crore, primarily due to higher cost of materials consumed, which increased to ₹1,248.78 crore from ₹961.35 crore. Finance costs declined slightly to ₹16.88 crore from ₹21.82 crore.
The following table summarises key consolidated financial metrics for the quarter:
| Metric: | Q1FY26 | Q1FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations: | 17B Rupees | 13.25B Rupees | +28% |
| Net Profit After Tax: | 1.16B Rupees | 951M Rupees | YoY increase |
| EBITDA: | 2.24B Rupees | 1.95B Rupees | YoY increase |
| EBITDA Margin: | 13.25% | 14.41% | -116 bps |
| Basic EPS: | ₹2.35 | ₹2.10 | +12% |
Standalone revenue from operations increased by 35% to ₹866.83 crore from ₹642.46 crore. Standalone PAT grew by 25% to ₹56.17 crore from ₹44.83 crore. The operating EBITDA margin on a consolidated basis contracted to 13.25% from 14.41%, reflecting higher input costs relative to revenue growth. Net profit margin also eased during the quarter.
Segmental Insights
The Composite Products segment drove significant growth, with revenue rising 26% YoY to ₹619.97 crore from ₹491.35 crore. Segment profit before tax and interest increased to ₹71.31 crore from ₹62.18 crore. The Polymer Products segment saw revenue grow 25% to ₹1,072.74 crore from ₹861.29 crore, with segment profit rising to ₹102.05 crore from ₹88.04 crore. Total segment assets expanded to ₹5,673.89 crore from ₹4,383.56 crore, indicating continued investment in capacity and infrastructure.
The following table provides a snapshot of segment-wise performance:
| Segment: | Revenue Q1FY26 (₹ Cr) | Revenue Q1FY25 (₹ Cr) | YoY Change |
|---|---|---|---|
| Composite Products: | 619.97 | 491.35 | +26% |
| Polymer Products: | 1,072.74 | 861.29 | +25% |
Corporate Developments
The Company fixed September 15, 2026, as the record date for determining dividend entitlements, if approved at the 36th Annual General Meeting scheduled for September 22, 2026. The AGM will be conducted via Two-way Video Conferencing/Other Audio-Visual Means. The Board also reconstituted its Audit, Nomination and Remuneration, and Compensation Committees effective August 05, 2026, incorporating the newly appointed independent directors.
What the Numbers Show
The divergence between robust revenue growth and contracting EBITDA margins (13.25% vs 14.41%) suggests that Time Technoplast is facing cost pressures that are not being fully passed through to customers. While volume or price increases drove top-line expansion, the higher cost of materials consumed (up 30% YoY) outpaced revenue growth, compressing operational efficiency. This margin contraction warrants monitoring in subsequent quarters to assess whether input cost inflation persists or stabilises.
Historical Stock Returns for Time Technoplast
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.75% | -1.66% | +15.98% | +9.71% | -9.78% | +402.08% |
How does Time Technoplast plan to mitigate the impact of rising raw material costs that compressed EBITDA margins by 116 basis points?
What specific capacity expansion projects are driving the significant increase in total segment assets to ₹5,673.89 crore?
Will the newly appointed independent directors bring specialized expertise to address the current margin pressure in the polymer and composite segments?
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