Time Technoplast Ltd. Announces Unaudited Consolidated and Standalone Financial Results for the Second Quarter and Six Months Ended September 30, 2016
November 12, 2016 at 06:30 am EST
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Time Technoplast Ltd. announced unaudited consolidated and standalone financial results for the second quarter and six months ended September 30, 2016. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 3,723.672 million against INR 3,272.586 million a year ago. Profit from operations before other income, interest and exceptional items was INR 414.148 million against INR 367.476 million a year ago. Profit from ordinary activities before tax was INR 271.671 million against INR 221.026 million a year ago. Net profit was INR 198.891 million or INR 0.95 per diluted share against INR 167.921 million or INR 0.80 per diluted share a year ago.
For the six months, on standalone basis, the company reported net sales/income from operations of INR 7,193.782 million against INR 6,361.355 million a year ago. Profit from operations before other income, interest and exceptional items was INR 795.03 million against INR 702.111 million a year ago. Profit from ordinary activities before tax was INR 509.763 million against INR 395.507 million a year ago. Net profit was INR 372.703 million or INR 1.77 per diluted share against INR 296.752 million or INR 1.41 per diluted share a year ago.
For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 6,536.06 million against INR 6,111.907 million a year ago. Profit from operations before other income, interest and exceptional items was INR 702.49 million against INR 638.199 million a year ago. Profit from ordinary activities before tax was INR 477.71 million against INR 391.390 million a year ago. Net profit was INR 367.29 million or INR 1.69 per diluted share against INR 309.172 million or INR 1.43 per diluted share a year ago.
For the six months, on consolidated basis, the company reported net sales/income from operations of INR 12,734.841 million against INR 12,074.67 million a year ago. Profit from operations before other income, interest and exceptional items was INR 1,357.238 million against INR 1,259.594 million a year ago. Profit from ordinary activities before tax was INR 899.587 million against INR 764.003 million a year ago. Net profit was INR 697.497 million or INR 3.21 per diluted share against INR 604.131 million or INR 2.78 per diluted share a year ago.
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 
