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.

Time Technoplast , a leading multinational company in polymer products, has taken a significant step towards advancing sustainable technologies in the drone industry. The company recently signed a Memorandum of Understanding (MoU) with Drone Stark Technologies (OPC) Private Limited (DSTPL) to develop hydrogen-powered drones, leveraging composite hydrogen cylinders and fuel cell technology.

Partnership Details

The collaboration between Time Technoplast and Drone Stark Technologies is set for an initial period of three years, with the possibility of extension by mutual consent. The primary focus of this partnership is to conduct joint research, design, and testing of hydrogen-powered drones, with a particular emphasis on enhancing performance metrics such as flight endurance, altitude capabilities, and energy efficiency.

Technological Integration

Time Technoplast, recognized as the first Indian company to receive PESO approval for high-pressure hydrogen cylinders, brings its expertise in Type III and Type IV composite cylinder technology to the table. This technology has been widely applied in mobility and energy storage solutions. By integrating these advanced hydrogen storage solutions with Unmanned Aerial Vehicle (UAV) platforms, the alliance aims to set new benchmarks for operational range and sustainability in the drone industry.

About the Partners

• Time Technoplast Limited: A publicly listed global player operating in over 10 countries, Time Technoplast has a proven track record in pioneering clean energy solutions. The company's expertise in composite hydrogen cylinders positions it well for this innovative venture.

• Drone Stark Technologies: Founded in 2019 by Mr. Rohan Raut, DSTPL is a Mumbai-based innovator in indigenous UAV platforms. The company has developed advanced platforms such as the OCTAGLIDE, capable of carrying payloads up to 30 kg, and agricultural drones that can cover more than 30 acres daily. DSTPL's AI-enabled drones support critical missions including surveillance, firefighting, pollution monitoring, emergency response, and logistics.

Market Potential and Vision

With the global drone market projected to reach USD 75.00 billion by 2033, this partnership positions both companies to capture emerging opportunities in the sector. The development of hydrogen-powered drones offers the potential for greater endurance and reduced emissions, aligning with global sustainability goals.

Make in India Initiative

This collaboration reinforces the Make-in-India vision, combining sustainability with innovation to drive next-generation advancements in the UAV sector. By leveraging the strengths of both organizations, the partnership aims to contribute significantly to India's drone ecosystem and technological capabilities.

Looking Ahead

As the partnership progresses, industry observers will be keen to see the outcomes of this innovative collaboration. The successful development of hydrogen-powered drones could potentially revolutionize various sectors, from agriculture to emergency services, by offering more efficient and environmentally friendly UAV solutions.

Time Technoplast is scheduled to discuss its Q1FY26 results in an earnings conference call on August 12, 2025, where more details about this partnership and its potential impact on the company's future strategies may be shared with investors and analysts.