TPL Plastech's Chairman highlights FY26 growth, merger with Time Technoplast
TPL Plastech reported FY26 revenue of ₹422.7 Cr (up 20.9%) and PAT of ₹29.1 Cr (up 23.2%). Q1 FY27 revenue reached ₹124.4 Cr (up 37.6%). A new Bhuj facility adds ₹100 Cr revenue potential. The company recommended a dividend of ₹1.30 per share and approved a merger with holding company Time Technoplast Limited.
The announcement includes strong financial results, strategic expansion, increased dividend payout, and a significant corporate action (merger) which will have a substantial impact on the company's structure and future prospects.
The announcement highlights strong financial performance with significant growth in revenue and profit, capacity expansion, and a recommended increase in dividend. The in-principle approval for a merger with the holding company is also viewed positively for future consolidation and shareholder value.
TPL Plastech Limited held its 33rd Annual General Meeting on September 22, 2026. Chairman Mahinder Kumar Wadhwa shared that FY2025-26 was a breakthrough year, with revenue growing 20.9% to ₹422.7 Cr from ₹349.4 Cr in the previous year, driven by 21% volume growth. EBITDA increased by 19.0% to ₹48.4 Cr, and Profit After Tax surged 23.2% to ₹29.1 Cr.
Return on Capital Employed improved to 22.5% in FY26 from 20.3% in FY25. Total debt was reduced by ₹26 Cr. For Q1 FY27, revenue grew 37.6% year-on-year to ₹124.4 Cr, with EBITDA up 12.9% to ₹11.3 Cr and Profit After Tax up 19.5% to ₹6.5 Cr.
The company has expanded its manufacturing footprint with operations at five locations. A new facility in Bhuj, Gujarat, for Intermediate Bulk Containers and Industrial Packaging Products, has commenced operations with a capacity of approximately 1,50,000 IBCs per annum and a projected additional revenue potential of approximately ₹100 Cr.
Sustainability efforts include progressing towards sourcing approximately 75% of power requirements through solar energy, with an estimated investment of ₹5 Cr expected to generate annual savings of ₹4 Cr and achieve payback within 18 months.
The Board has recommended a final dividend of ₹1.30 per equity share for FY26, an increase from ₹1.00 per share in FY25. The dividend payout ratio is now 35% of Profit After Tax.
In a significant development, the Board has granted in-principal approval for the merger of TPL Plastech Limited into its holding company, Time Technoplast Limited. This consolidation aims to unlock long-term advantages, remove operational redundancies, and integrate resources and capabilities. Shareholders will receive shares in Time Technoplast Limited upon the scheme becoming effective.
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TPL Plastech Limited filed this with the NSE as a statutory disclosure, categorised under agm. 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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See the model portfoliosA plain-language summary of a public exchange filing by TPL Plastech Limited. Read the original for the full detail.