Time Technoplast Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 12, 2024 at 09:26 am EST
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Time Technoplast Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 13,246.5 million compared to INR 11,286.1 million a year ago. Revenue was INR 13,265.5 million compared to INR 11,307.3 million a year ago. Net income was INR 916 million compared to INR 612.5 million a year ago. Basic earnings per share from continuing operations was INR 4.05 compared to INR 2.71 a year ago. Diluted earnings per share from continuing operations was INR 4.04 compared to INR 2.7 a year ago.
For the nine months, sales was INR 35,981.8 million compared to INR 30,970.6 million a year ago. Revenue was INR 36,013.2 million compared to INR 31,001.7 million a year ago. Net income was INR 2,180.9 million compared to INR 1,554.7 million a year ago. Basic earnings per share from continuing operations was INR 9.64 compared to INR 6.87 a year ago. Diluted earnings per share from continuing operations was INR 9.62 compared to INR 6.85 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 
