TIMETECHNO · Time Technoplast Limited · BSE · Filed 5 Aug · 1 min read

Time Technoplast posts higher Q1 FY27 revenue, thinner margins; adds two independent directors

The plastics and composites maker reported consolidated Q1 FY27 revenue above the year-earlier period, an easing operating EBITDA margin, and the appointment of two Non-Executive Independent Directors.

What was filed

On 5 August 2026, Time Technoplast's board approved its unaudited standalone and consolidated results for the quarter ended 30 June 2026, reviewed by joint statutory auditors K P M R & Co. and Raman S. Shah & Co. Alongside the numbers, the board approved the appointment of two Non-Executive Independent Directors — Mr. Devendra Jitendra Shah and Mrs. Hema Rajendra Gaitonde — for five-year terms subject to member approval, and reconstituted the Audit, Nomination and Remuneration, and Compensation Committees, all effective 5 August 2026. The board also fixed 15 September 2026 as the record date for the FY2025-26 final dividend, if approved at the 36th AGM on 22 September 2026.

The quarter in brief

Consolidated revenue rose year-on-year, split across the company's two reported segments — Polymer Products and Composite Products — with the polymer business the larger of the two. Net profit came in above the year-earlier quarter, but both the operating EBITDA margin and the net profit margin were lower than a year ago, per the filing. The balance sheet shows modest leverage, with a consolidated debt-equity ratio of 0.13 and a current ratio of 3.82.

QIP proceeds and their use

The filing updates the use of the ₹800 crore raised through a Qualified Institutions Placement completed during FY2025-26, when the company allotted shares to institutional buyers at ₹201.12 each. It received ₹781.13 crore net of issue expenses. As of 30 June 2026, the ₹400 crore earmarked for repayment of borrowings had been fully utilised, while amounts allocated to capital expenditure, recycling-plant equipment and inorganic growth remained largely unspent, temporarily parked in bank deposits and a monitoring account, per the filing.

Consolidated revenue from operations (Q1 FY26): ₹1,35,265 → ₹1,69,271 lakhQ1 FY26 → Q1 FY27+25%^‡
Consolidated net profit for the period (Q1 FY26): ₹9,655 → ₹11,786 lakhQ1 FY26 → Q1 FY27+22%^‡
Consolidated profit before tax (Q1 FY26): ₹12,934 → ₹15,757 lakhQ1 FY26 → Q1 FY27+22%^‡
Basic EPS (Q1 FY26): ₹2.10 → ₹2.35Q1 FY26 → Q1 FY27+12%^‡
Operating EBITDA margin (Q1 FY26): 14.47% → 13.31%Q1 FY26 → Q1 FY27−8%^‡
Net profit margin (Q1 FY26): 7.13% → 6.96%Q1 FY26 → Q1 FY27−2%^‡
Net margin ‡: 7.1% → 7.0%Q1 FY26 → Q1 FY27held ~7%

Debt-equity ratio (consolidated, Q1 FY27): 0.13
QIP amount raised (FY2025-26): ₹800 Crore
Net QIP proceeds received: ₹781.13 Crore

‡ Computed by us from the filing’s own figures — not a company-stated number.

As the first financial disclosure for the June 2026 quarter, the results let holders track how the two segments and the company's margins are trending, and the QIP-utilisation table shows how much of the ₹800 crore raised remains uncommitted. The concurrent board appointments and committee reconstitutions are governance changes subject, in part, to member approval at the September 2026 AGM.