TPL Plastech Reports 39.9% Revenue Growth in Q2 FY27, Merger with Parent Approved
TPL Plastech reported Q2 FY27 revenue of ₹149.52 crore, up 39.9% YoY, with EBITDA up 16.7% and PAT up 22.3%. H1 FY27 revenue grew 38.8% to ₹274.07 crore. A new facility in Bhuj is expected to add ₹100 crore annual revenue. The Board approved a merger with parent Time Technoplast Ltd.
The significant revenue growth, commencement of a new revenue-generating facility, and the strategic merger with the parent company are material events that are likely to have a substantial impact on the company's future performance and valuation.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT for both the quarter and half-year. The commencement of a new facility and strategic initiatives like solar power sourcing further contribute to a positive outlook. The approved merger is also seen as a positive step towards operational efficiency.
TPL Plastech Limited announced its unaudited Consolidated Financial Results for the quarter and half-year ended September 30, 2026. The company reported a significant year-on-year (YoY) revenue growth of 39.9% in Q2 FY27, reaching ₹1,495.2 million (₹149.52 crore), driven by a 15% volume growth primarily in the IBC segment. EBITDA saw a 16.7% YoY increase to ₹138.6 million (₹13.86 crore), and Profit After Tax grew by 22.3% to ₹83.8 million (₹8.38 crore).
For the half-year ended September 30, 2026 (H1 FY27), revenue from operations increased by 38.8% YoY to ₹2,740.7 million (₹274.07 crore), with EBITDA growing 15.6% YoY to ₹253.3 million (₹25.33 crore) and Profit After Tax rising 22.2% YoY to ₹150.5 million (₹15.05 crore). The company also highlighted the commencement of commercial operations at its new facility in Bhuj, Gujarat, expected to generate approximately ₹100 crore in additional annual revenue over three years. ROCE improved to 22.6% in H1 FY27 from 21.0% in H1 FY26, with a target of 1.5-2% annual increase.
In a significant strategic move, the Board has approved a Scheme of Merger by Absorption of TPL Plastech Limited with its parent company, Time Technoplast Limited. This merger, aimed at streamlining operations and enhancing efficiencies, is proposed to be effective from April 1, 2026, subject to regulatory approvals. The company also plans to source approximately 75% of its power requirements through solar energy with an estimated investment of ₹5 crore, projecting annual savings of ₹4 crore and a payback period of 18 months.
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TPL Plastech Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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