Time Technoplast H1FY27 Sees Record Revenue, EBITDA, and PAT Growth
Time Technoplast reported record Q2FY27 and H1FY27 results with significant growth in revenue, EBITDA, and PAT. H1FY27 saw revenue of ₹36,899 crore, EBITDA of ₹4,904 crore (up 17%), and PAT of ₹2,624 crore (up 25%). Key achievements include ₹3,438 crore operating cash flow and ₹959 crore debt reduction. The company secured orders worth ₹3,750 crore for packaging products and has ongoing expansions and acquisitions.
The record financial results, significant growth percentages, order book details, debt reduction, and strategic corporate actions like acquisitions and mergers indicate a substantial positive impact on the company's financial health and future prospects.
The announcement details record financial performance with significant year-on-year growth in revenue, EBITDA, and PAT for both the quarter and half-year. Positive developments also include debt reduction, strong order book, and strategic acquisitions and expansions.
Time Technoplast Limited has announced its Unaudited Financial Results for the Quarter and Half Year ended September 30, 2026. The company achieved its highest-ever quarterly performance in Q2FY27, with EBITDA growth of 18% and PAT growth of 27%, accompanied by a double-digit volume growth of 14%. This indicates an improved profitability through effective pricing, product mix, and operational efficiencies.
For the half-year ended H1FY27, Time Technoplast reported all-time high revenue, EBITDA, and PAT, with volume growth of 13%, absolute EBITDA growth of 17%, and PAT growth of 25%. The company highlighted its ability to pass on input costs to customers while maintaining absolute EBITDA.
Key financial highlights for H1FY27 include ₹3,438 million in cash generated from operating activities, a reduction of ₹959 million in net debt, and total CAPEX of ₹1,741 million. The company also reported a 28.6% growth in composite cylinders (CNG) and maintained a business share of 65% India vs. 35% Overseas. Return on Capital Employed stood at 18.0%.
Significant business developments include a confirmed tender for Supply of Packaging Products worth ₹3,750 million, a strong order book for Composite Cylinders (CNG Cascades) at ₹2,100 million, and for PE Pipes at ₹1,950 million.
The company is focused on increasing efficiencies through consolidating moulds and machinery, streamlining products and units, optimizing manpower and power costs, and divesting non-core assets. Targeted volume growth for FY27 is 15% annually across various segments like Packaging Products (11-13%), Composite (25-30%), and PE Pipes (20-25%).
Other highlights include the planned monetization of non-core assets worth approximately ₹134 crore, with ₹18 crore disposed of in H1FY27 and the balance of ₹116 crore expected over the next 18-24 months. The company aims to improve ROCE by 1.5–2.0 percentage points annually. Recent corporate actions include the completion of the Systoverse Private Ltd acquisition (76% stake for ~₹25 Crores) and the decision not to proceed with the Ebullient Packaging Private Limited acquisition. The Board has also approved the Scheme of Merger by Absorption of TPL Plastech Limited with Time Technoplast Limited, effective from April 1, 2026, subject to regulatory approvals.
Updates on products include the commencement of supplies of lightweight Type IV composite LPG cylinders for an HPCL-Swiggy Instamart pilot and an order from HPCL for 1,40,000 units of 10 kg Composite LPG Cylinders worth approximately ₹38 crore in July 2026. The company is also developing higher-capacity CNG and Hydrogen cylinders, lightweight composite fire extinguishers, and composite air receiver tanks. Power Build Batteries Private Limited, a subsidiary, has received CPRI certification for OPzS stationary tubular batteries and entered into an exclusive agreement with Monbat AD for VRLA stationary batteries.
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