Time Technoplast Q2 Results | Net profit up 17% on double-digit revenue growth

CNBC TV18

Polymer products maker Time Technoplast Ltd on Friday (November 14) reported a 17.3% year-on-year increase in net profit to ₹115.4 crore for the September quarter, compared with ₹98.4 crore in the same period last year.

Revenue grew 10% to ₹1,511 crore from ₹1,370 crore a year earlier. EBITDA rose 13.3% to ₹223 crore against ₹196.5 crore in the prior year. EBITDA margin improved to 15% from 14.3% year-on-year.

Also Read: Time Technoplast shares gain 4% as they adjust for the 1:1 bonus

Shares of Time Technoplast Ltd ended at ₹205.80, up by ₹5.65, or 2.82%, on the BSE.

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Time Technoplast Q2 Results | Net profit up 17% on double-digit revenue growth

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