Time Technoplast Limited
Time Technoplast is a multinational conglomerate involved in the manufacturing of technology and innovation driven polymer & composite products.(Source : 202003-01 Annual Report Page No:74)
What Time files
- Others46
- Investor Meet33
- Important20
- Updates17
- Board Meeting14
- Dividend/Bonus7
Time Technoplast approved merging subsidiary TPL Plastech for group consolidation and operational efficiency. It cancelled the Ebullient Packaging acquisition with no financial loss due to market changes. Additionally, the company approved a ₹50 Cr investment for a 65% stake in Time Intercontinental Ltd to secure polymer sourcing discounts.
Time Technoplast reported Q1 consolidated revenue of ₹1692.71 Cr and net profit of ₹117.86 Cr, with margins slightly dipping. The company appointed two new independent directors and reconstituted board committees. ₹342.98 Cr from QIP proceeds remains unutilized, temporarily invested.
Time Technoplast received PESO approval for 250-litre Type IV hydrogen cylinders for buses/trucks, becoming India's first. This boosts its green hydrogen mobility leadership. Prototype validation is expected within 90 days. The composite segment achieved Rs 555 Cr revenue (9MFY26).
Time Technoplast signed an MoU to acquire 76% of Systoverse Private Limited, an HDPE pipe manufacturer. This strategic cash acquisition expands TTL's footprint in Maharashtra, strengthening its pipe portfolio and leveraging SPL's operational advantages, including tax benefits and state subsidies.
Big win for Time Technoplast! Subsidiary PowerBuild secured CPRI certification for OPzS batteries. Crucial for ₹3000-₹4000 Cr utility market entry. No new capex needed; expects improved capacity utilization & EBITDA margins.