Time Techno reports 14 per cent growth in Q2FY19 revenue
Time Techno Plast Ltd. reported its results for the quarter ended September 30, 2018 after market hours yesterday. Numbers posted by company showed positive growth in top line of 14 per cent.
Time Techno Plast consolidated revenue for the quarter came in at Rs. 827.49 crore, registering 14.2 per cent yoy increase. This was primarily driven by volume growth
Its EBITDA for the quarter fell by 1.6 per cent yoy to Rs. 107.61 crore with a corresponding margin contraction of 208 bps. EBITDA margin for the quarter stood at 13 per cent. This margin contraction was on account of higher manufacturing costs.
The PAT for the quarter came in at Rs. 32.92 crore, a decline of 23.8 per cent yoy. This was due to higher interest outgo during the quarter.
The stock today at 11.45 a.m. traded at Rs. 116.45, down by 4.50 per cent on the BSE. While the benchmark index Sensex was at 35287, up by 161 points.