Time Technoplast's bottom-line grew steadily.
Time Technoplast reported stable quarterly numbers. The bottomline and topline grew steadily, but with no margin improvement.
The total revenue for the quarter rose by 12.5 per cent YoY to Rs 755 crore in Q3FY18 as against Rs 671 crore in the corresponding quarter previous year. The revenue growth was largely aided by strong revenue accretion in polymer products.
The EBITDA for the quarter rose by 13.4 per cent YoY to Rs 116 crore in Q3FY18 as compared with Rs103 crore in the corresponding quarter previous year. The EBITDA margin for the quarter remained unchanged at 15.4 per cent.
The bottomline for the quarter grew by 26.8 per cent YoY and 11.2 per cent QoQ to Rs.48 crore in Q3FY18.
The stock today opened today at Rs.193 up by 0.7 per cent, on the bourses.