Time Technoplast Q1 Results Gain a Total Revenue of ₹1230.05 crores & Net Income ₹79.31 crores

Time Technoplast Q1 Results: The Time Technoplast financial table provides a clear view of the company's performance for the first quarter (Q1) of 2024. When we look at the total revenue, it increased to ₹1230.05 crores, showing a year-over-year (YoY) growth of 13.97% compared to ₹1079.32 crores in Q1 of the previous year. However, when comparing it to the previous quarter (Q4), revenue declined by 11.78%, from ₹1394.32 crores. The selling, general, and administrative expenses also reflect a YoY increase of 12.04%, rising from ₹53.39 crores in Q1 last year to ₹59.82 crores this quarter. Yet, these expenses fell by 9.61% quarter-on-quarter (QoQ) from ₹66.18 crores in Q4.

Time Technoplast’s operating income increased significantly, with a YoY rise of 31.22%, from ₹101.77 crores last year to ₹133.54 crores this year, although it dropped by 8.87% QoQ. The net income was ₹79.31 crores this quarter, a YoY increase of 41.4% compared to ₹56.09 crores last year, but it fell by 14.12% from ₹92.35 crores in the previous quarter. Overall, the figures illustrate a strong YoY performance despite some QoQ challenges.

Here’s the full information:

(₹ in Crore)

Source: Here 

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Time Technoplast Q1 Results  

Time Technoplast released its unaudited financial results for the quarter that ended on June 30, 2024. The total income for this quarter was 1,23,071 lakhs, which is a drop from 1,40,532 lakhs in the previous quarter, but an increase compared to 1,08,031 lakhs in the same quarter last year. The company’s main income comes from selling products, which amounted to 1,23,005 lakhs this quarter. They also earned 66 lakhs from other sources.

Time Technoplast spent 1,12,073 lakhs in total. This includes costs for materials, employee salaries, finance costs, and other expenses. Notably, the cost of materials consumed was 87,068 lakhs, which has decreased from the previous quarter.

Time Technoplast made a profit before tax of 10,998 lakhs, which is lower than 13,297 lakhs from the last quarter but higher than 7,627 lakhs from the same quarter last year. After paying taxes of 2,952 lakhs, the net profit after tax stood at 8,046 lakhs. This profit is also lower than the last quarter's profit. Overall, Time Technoplast's financial results indicate some challenges in income but still show improvement compared to last year.

Here’s a summary of the unaudited consolidated financial results for the quarter ended 30th June 2024, including key figures:

(in Lakhs)

Time Technoplast Financial Metrics

Time Technoplast is a company with a market capitalization of ₹9,229 crore, indicating its total market value. The current stock price is ₹407, which reflects how much investors are willing to pay for a share. The stock reached a high of ₹447 and a low of ₹140 over a certain period. With a Price-to-Earnings (P/E) ratio of 27.7, this suggests that investors are paying about 27.7 times the company’s earnings for each share. The book value is ₹112, showing the net asset value per share. It offers a dividend yield of 0.48%, meaning investors receive a small return from dividends. 

Here’s a simple table summarizing the financial details:

Quarterly Results

The quarterly financial results for Time Technoplast show important information for December 2023, March 2024, and June 2024. In December 2023, the company had sales of Rs. 1,325 crores and a net profit of Rs. 93 crores. By March 2024, sales increased to Rs. 1,394 crores, with a slight rise in net profit to Rs. 94 crores. However, in June 2024, sales dropped to Rs. 1,230 crores, and net profit decreased to Rs. 80 crores.  

Here’s the table for the quarterly financial results specifically for December 2023, March 2024, and June 2024:

(in Rs. Crores)

About Time Technoplast

Time Technoplast, often called Time Tech, is a big company that makes products from plastic. It operates in many countries, including India, the USA, and several others in Asia and the Middle East. Since it started in 1992, Time Tech has focused on creating new and innovative products. Their range includes packaging solutions, automotive parts, healthcare items, and products for construction and material handling. With over 34 factories worldwide, Time Tech is known for its high-quality and creative plastic products.

Time Technoplast has also built 28 manufacturing units and 8 regional offices to meet the growing needs of customers in India and around the world. A team of skilled professionals leads Time Tech, working hard to ensure that customers, suppliers, employees, and shareholders are all satisfied. Their commitment to research and development helps them stay ahead in the market and serve their clients better.