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Time Technoplast Q1 Review - Long Term Growth Guidance Intact: ICICI Direct

Time Technoplast Q1 Review - Long Term Growth Guidance Intact: ICICI Direct

<div class="paragraphs"><p>Highway drainage corridors manufactured by Time Technoplast Ltd. (Source: Company website)</p></div>
Highway drainage corridors manufactured by Time Technoplast Ltd. (Source: Company website)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Time Technoplast Ltd. reported revenue growth of 59% led by 57% YoY volume growth in Q1 FY22.

Strong recovery was witnessed in the composite products category with segment revenue growth of 62% to Rs 229 crore.

Polymer product revenue increased 58% YoY to Rs 525 crore.

Time Technoplasts' order book in the polyethylene piping segment and type IV compressed natural gas cascade was at Rs 210 crore and Rs 85 crore, respectively.

Gross margin remains intact QoQ (down 108 basis points YoY) due to a sharp rise in input costs.

However, Ebitda margin increased 197 bps YoY to 13.3% supported by improved operating leverage.

Click on the attachment to read the full report:

ICICI Direct Time Techno Q1FY22 Result Update.pdf

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