All Time Plastics Reports 21% Revenue Growth and Improved Profitability in Q1

All Time Plastics Limited (ATPL) has announced its financial results for the first quarter, showcasing robust growth in revenue and profitability. The company, which specializes in plastic products, has demonstrated strong performance amidst challenging market conditions.

Financial Highlights

• Revenue: ATPL reported Q1 revenue of ₹1.58 billion, marking a significant increase of 21% from ₹1.30 billion in the same period last year.
• Net Profit: The company's consolidated net profit rose to ₹128 million, up from ₹122 million year-over-year, indicating an improvement in bottom-line performance.
• EBITDA: Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) increased to ₹287 million, compared to ₹249 million in the previous year, reflecting enhanced operational efficiency.

Key Performance Indicators

While the company has shown impressive growth in revenue and absolute EBITDA, it's worth noting that the EBITDA margin saw a slight decline from 19.20% to 18.20%. This suggests that while ATPL has successfully expanded its business, it may be facing some pressure on margins, possibly due to increased operational costs or competitive pricing strategies.

Recent Developments

According to the latest Listing Obligations and Disclosure Requirements (LODR) filing, All Time Plastics Limited has recently undergone a credit rating assessment. Crisil Ratings has assigned a long-term rating of 'Crisil A-/Positive' on the company's bank facilities totaling ₹265 crores. This positive rating outlook reflects confidence in ATPL's financial stability and growth prospects.

The company's board of directors approved these unaudited financial results in a meeting held on September 2. The meeting commenced at 11:30 AM and concluded at 1:30 PM, as per the regulatory filing.

All Time Plastics Limited, formerly known as All Time Plastics Private Limited, continues to strengthen its position in the plastic products industry. The company's ability to grow revenue significantly while maintaining profitability in a challenging economic environment demonstrates its resilience and effective business strategies.

Investors and stakeholders will be keenly watching how All Time Plastics builds on this momentum in the coming quarters, particularly in terms of maintaining growth while improving profit margins.