Time Technoplast Limited, a leading polymer product manufacturer, has announced a series of significant developments, including a bonus share issue and robust financial results for the first quarter.

Bonus Share Issue and Capital Restructuring

The company's board of directors has approved a 1:1 bonus share issue, subject to shareholder and regulatory approvals. This means shareholders will receive one bonus equity share for every one fully paid-up equity share held. The move is aimed at rewarding shareholders and improving stock liquidity.

In conjunction with the bonus issue, Time Technoplast plans to increase its authorized share capital from ₹52.50 crores to ₹100.00 crores. This expansion will accommodate the bonus issue and provide room for future capital raising activities.

Q1 Financial Highlights

For the quarter ended June 30, Time Technoplast reported impressive financial results:

• Consolidated revenue reached ₹1,352.65 crores, a 10% increase from ₹1,230.05 crores in the same quarter of the previous year.
• Net profit after tax grew by 20% to ₹96.55 crores, up from ₹80.46 crores year-on-year.
• Earnings per share (EPS) improved to ₹4.19, compared to ₹3.49 in the previous year.

Segment Performance

The company's performance was strong across its business segments:

Key Financial Metrics

Time Technoplast demonstrated solid financial health in Q1:

• Operating EBITDA margin stood at 14.47%.
• Current ratio improved to 2.92, indicating strong liquidity.
• Debt-to-equity ratio decreased to 0.20, reflecting a stronger balance sheet.

Management Commentary

Bharat Kumar Vageria, Managing Director of Time Technoplast, stated, "Our Q1 results reflect the company's resilience and growth trajectory. The proposed bonus issue underscores our commitment to creating value for our shareholders."

Corporate Governance and Leadership

The board has re-appointed three whole-time directors:

• Mr. Raghupathy Thyagarajan and Mr. Naveen Kumar Jain, both promoters and co-founders, for five-year terms.
• Mr. Sanjeev Sharma, President of International Operations, for a three-year term.

Future Outlook

Time Technoplast is focusing on improving its Return on Capital Employed (ROCE), targeting 20% for the fiscal year. The company is also consolidating its products and manufacturing units to optimize operational costs and align with market demands.

Upcoming Annual General Meeting

The company has scheduled its 35th Annual General Meeting for September 11, with book closure dates from September 5-11.

Time Technoplast's strong Q1 performance, coupled with strategic initiatives like the bonus share issue and leadership reappointments, positions the company for continued growth in the polymer products industry.

Time Technoplast , a leading polymer product manufacturer, has reported a robust financial performance for the first quarter, coupled with an announcement of a bonus share issue.

Strong Financial Performance

The company's consolidated net profit for Q1 jumped 20% to ₹951.00 million, compared to ₹793.00 million in the same quarter last year. This significant increase in profitability underscores the company's operational efficiency and market strength.

Revenue for the quarter grew by 10% year-over-year, reaching ₹13.25 billion, up from ₹12.30 billion in Q1 of the previous year. This growth was driven by a 14% increase in sales volume, with overseas operations contributing 38% to the total revenue.

Improved Margins and Operational Efficiency

Time Technoplast's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin improved to 14.5%, compared to 14.2% in the corresponding quarter of the previous year. The company's focus on value-added products, which grew by 15% year-over-year, contributed to this margin expansion.

Bonus Share Issue

In a move that will reward its shareholders, Time Technoplast's Board of Directors has approved the issuance of bonus shares in the ratio of 1:1. This means shareholders will receive one bonus equity share for every one fully paid-up equity share held. The bonus issue is subject to shareholder approval at the upcoming Annual General Meeting scheduled for September 11, 2025.

Segment Performance

The company's performance across its segments was as follows:

Strategic Initiatives

Time Technoplast has announced several strategic initiatives to drive future growth:

1. The company aims to improve its Return on Capital Employed (ROCE) to 20% for FY2026, building on its achievement of 18.1% in FY2025.

2. A new sustainability-focused subsidiary, Time Ecotech Private Limited, has been incorporated to focus on recycling and reprocessing industrial plastic packaging.

3. The company has signed an MoU with Drone Stark Technologies to develop hydrogen-powered drones using composite hydrogen cylinders.

4. Time Technoplast is committed to converting 75% of its electricity consumption to green energy within the next two years.

Management Commentary

Bharat Kumar Vageria, Managing Director of Time Technoplast, stated, "Our strong Q1 performance reflects the success of our strategic initiatives and our focus on value-added products. The bonus share issue underscores our commitment to rewarding our shareholders and our confidence in the company's future prospects."

The announcement of Q1 results and the bonus issue is expected to be well-received by investors, potentially impacting the stock's performance in the coming days.