Time Technoplast Q4 Review - Higher Margin Leads Strong Bottomline Growth: ICICI Direct

Time Technoplast Ltd. offers a wide range of industrial packaging products like drums, containers, pails and PET sheets for varied packaging requirements. (Source: Company website).

Time Technoplast Q4 Review - Higher Margin Leads Strong Bottomline Growth: ICICI Direct

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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 strong bottomline growth of 40% YoY in Q4 FY21 led by improved Ebitda margin (up 63 basis points YoY) and 9% YoY drop in interest outgo (gross debt fell 11% YoY in FY21).

On the topline front, the company’s topline growth was at ~4% YoY led by 7% growth in the value added product categories.

For FY21, value added products (~20% of topline) recovery was faster at 87% versus 83% business recovery in the established product segments.

Overall revenue recovery was 84% of its pre-Covid-19 level.

In the short-term, business recovery will be again challenged by lockdown related demand disruptions in Q1 FY22.

Click on the attachment to read the full report:

ICICI Direct Time Techno Q4FY21 Result Update.pdf

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