Time Technoplast Limited Announces Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2017; Provides Capex Guidance for the Full Year of 2018
August 11, 2017 at 06:38 am EDT
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Time Technoplast Limited announced consolidated and standalone earnings results for the first quarter ended June 30, 2017. For the quarter, on consolidated basis the company reported total Revenue was INR 6,809 million against INR 6,200 million a year ago. EBITDA was INR 1,019 million against INR 920 million a year ago. Profit before tax was INR 480 million against INR 422 million a year ago. Net profit after taxes, minority interest was INR 363 million against INR 319 million a year ago. Earnings per share were INR 1.61 against INR 1.52 a year ago. Net cash from operating activities was INR 450 million. Capex was INR 464 million. Maintain total debt was at INR 7,204 million.
For the quarter, on standalone basis the company reported total Revenue was INR 3,783.785 million against INR 3,470.110 million a year ago. Profit before exceptional items was INR 252.641 million against INR 238.092 million a year ago. Profit before tax was INR 252.641 million against INR 238.092 million a year ago. Net profit after tax was INR 181.741 million against INR 173.812 million a year ago. Net profit for the period was INR 181.741 million against INR 173.812 million a year ago. Earnings per share were INR 0.80 against INR 0.83 a year ago.
For the full year of 2018, the company expects capex of INR 2,347 million.
Time Technoplast Limited is an India-based company, which operates a multinational conglomerate and manufacturers technology-based polymer and composite products. The Company manufactures large-sized plastic drums, composite cylinders, and intermediate bulk containers. The Company's segments include Polymer Products and composite Products. It has manufacturing facilities at approximately 30 locations across the globe (including 20 within India). Its portfolio consists of technology-driven products catering to growing industry segments, such as industrial packaging solutions, lifestyle products, material handling solutions, composite cylinders, infrastructure/ construction related products, and automotive components. It offers industrial packaging products, including polymer drums/barrels, jerry cans and pails for varied packaging requirements. It uses technologies of polymer processing, such as blow molding, injection molding and extrusion molding to produce a range of products.
Time Technoplast Limited Announces Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2017; Provides Capex Guidance for the Full Year of 2018