TIMETECHNOTime Technoplast Ltd.
Time Technoplast Q2 FY27 Results: Consolidated Net Profit ₹148 Crore on Total Income of ₹1,996 Crore
- Earnings
- Polymer and composite products
Reviewed byRachit TripathiBlacklitt Research
Time Technoplast (NSE: TIMETECHNO) reported consolidated total income of ₹1,996 crore and net profit of ₹148 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹1,010 crore and standalone net profit ₹69 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,996 crore, up 32.0% YoY and 17.8% QoQ
- Net profit and EPS: ₹148 crore, up 26.5% YoY; basic EPS ₹2.96
- Finance costs: ₹15 crore, down 30.0% YoY and 10.9% QoQ
Standalone
The company on its own, without its subsidiaries
- Total income: ₹1,010 crore, up 34.6% YoY and 16.5% QoQ
- Net profit and EPS: ₹69 crore, up 18.9% YoY; basic EPS ₹1.40
- Other income: ₹12 crore, 1.2% of total income
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,996 | 1,512 | +32.0% | 1,694 | +17.8% | |
| Revenue from operations | 1,994 | 1,511 | +32.0% | 1,693 | +17.8% |
| Other income | 2 | 1 | +75.2% | 1 | +75.2% |
| 148 | 117 | +26.5% | 118 | +25.8% | |
| Profit before tax | 198 | 157 | +26.2% | 158 | +25.5% |
| Finance costs | 15 | 22 | -30.0% | 17 | -10.9% |
| Depreciation | 52 | 46 | +14.3% | 51 | +2.5% |
| Tax expense | 49 | 39 | +25.4% | 40 | +24.4% |
| Net profit margin | 7.43% | 7.75% | -0.32 pp | 6.96% | +0.47 pp |
| EPS, basic (₹) | 2.96 | 2.54 | +16.5% | 2.35 | +26.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew more slowly than income this quarter. Total income rose 32.0% year on year to ₹1,996 crore, while net profit rose 26.5% to ₹148 crore, and the net profit margin fell from 7.75% to 7.43%.
Other income is a small part of the result: ₹2 crore, or 0.1% of total income and 1.0% of profit before tax of ₹198 crore. Revenue from operations of ₹1,994 crore therefore accounts for almost all of the income reported.
Finance costs fell 30.0% year on year to ₹15 crore, which is 0.8% of total income. The filing does not give a reason for the fall. Depreciation rose 14.3% to ₹52 crore, and tax of ₹49 crore is 25.0% of profit before tax.
The filing states that consolidated exceptional items are nil for the quarter. Joint statutory auditors issued unmodified limited review reports dated 05 Nov 2026, though the auditors relied on other auditors' reports for some subsidiaries and a joint venture.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,010 | 751 | +34.6% | 867 | +16.5% | |
| Revenue from operations | 998 | 740 | +35.0% | 867 | +15.2% |
| Other income | 12 | 12 | 0.0% | 11 | +7.4% |
| 69 | 58 | +18.9% | 56 | +23.1% | |
| Profit before tax | 94 | 77 | +21.5% | 75 | +25.1% |
| Finance costs | 10 | 13 | -26.1% | 11 | -7.5% |
| Depreciation | 34 | 26 | +32.7% | 28 | +20.5% |
| Tax expense | 25 | 19 | +29.4% | 19 | +31.1% |
| Net profit margin | 6.85% | 7.75% | -0.90 pp | 6.48% | +0.37 pp |
| EPS, basic (₹) | 1.40 | 1.28 | +9.4% | 1.14 | +22.8% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 34.6% year on year to ₹1,010 crore, faster than consolidated total income of 32.0%, while standalone net profit rose 18.9% to ₹69 crore. Standalone profit before tax grew 21.5%, so the net profit growth trailed both income and pre-tax profit.
Standalone other income of ₹12 crore is 12.6% of profit before tax of ₹94 crore, a larger share than on a consolidated basis. Standalone finance costs fell 26.1% to ₹10 crore.
Consolidated net profit of ₹148 crore is ₹79 crore higher than standalone net profit of ₹69 crore, and the gap widened from the year-earlier quarter.
Inference
The filing reports ₹478.57 crore of the ₹781.13 crore net QIP proceeds as utilised up to 30 Sep 2026, leaving ₹321.43 crore unutilised.
The Board has re-appointed Bharat Kumar Vageria as Managing Director for five years from 06 Feb 2027, subject to member approval through a postal ballot. The filing does not state his remuneration.
The filing does not give a reason for the fall in finance costs or for the rise in cost of materials consumed relative to revenue, and it does not state a dividend for the period.
Filed with BSE on . Reference: Original filing (PDF)
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