Time Technoplast Ltd. Reports Standalone and Consolidated Audited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2017
May 27, 2017 at 06:18 pm IST
Share
Time Technoplast Ltd. reported standalone and consolidated audited earnings results for the fourth quarter and full year ended March 31, 2017. For the quarter, on consolidated basis revenue from operations were INR 8,100.727 million compared with INR 6,459.617 million for the same period last year. Profit before exceptional items was INR 598.741 million compared with INR 411.609 million for the same period last year. Profit before tax was INR 598.741 million compared with INR 411.609 million for the same period last year. Net profit for the period was INR 437.675 million or INR 2.02 basic and diluted per share after exceptional and extraordinary items as compared with INR 329.982 million or INR 1.54 basic and diluted per share after exceptional and extraordinary items for the same period last year.
For the full year, on consolidated basis revenue from operations were INR 27,546.12 million compared with INR 24,227.386 million for the same period last year. Profit before exceptional items was INR 2,008.533 million compared with INR 1,548.998 million for the same period last year. Profit before tax was INR 2,008.533 million compared with INR 1,548.998 million for the same period last year. Net profit for the period was INR 1,514.437 million or INR 6.9 basic and diluted per share after exceptional and extraordinary items as compared with INR 1,418.871 million or INR 6.57 basic and diluted per share after exceptional and extraordinary items for the same period last year.
For the quarter, on standalone basis revenue from operations were INR 4,910.001 million compared with INR 3,891.322 million for the same period last year. Profit before exceptional items was INR 448.729 million compared with INR 316.885 million for the same period last year. Profit from ordinary activities before tax was INR 448.729 million compared with INR 316.885 million for the same period last year. Net profit for the period was INR 345.527 million or INR 1.62 basic and diluted per share after exceptional and extraordinary items as compared with INR 243.482 million or INR 1.16 basic and diluted per share after exceptional and extraordinary items for the same period last year.
For the full year, on standalone basis revenue from operations were INR 15,961.437 million compared with INR 13,670.336 million for the same period last year. Profit before exceptional items was INR 1,269.437 million compared with INR 960.047 million for the same period last year. Profit from ordinary activities before tax was INR 1,269.437 million compared with INR 960.047 million for the same period last year. Net profit for the period was INR 948.975 million or INR 4.45 basic and diluted per share after exceptional and extraordinary items as compared with net profit for the period of INR 990.191 million or INR 4.72 basic and diluted per share after exceptional and extraordinary items for the same period last year.
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.