Quarterly Result: Time Technoplast Ltd
Bhagyashree Vivarekar / 15 Nov 2016
Time Technoplast Ltd., is currently trading at Rs. 89.5, down by 7.35 points or 7.59% from its earlier closing of Rs. 96.85 on the BSE. The company's net profit has soared 18.7% yoy to Rs 36 cr, majorly driven by Rs 0.45 cr yoy surge in other income from 0.09 cr in Q2FY16 to Rs 0.54 cr in Q2FY17.
Technical View:
Time Technoplast Ltd., is currently trading at Rs. 89.5, down by 7.35 points or 7.59% from its earlier closing of Rs. 96.85 on the BSE.
The scrip has touched a high and low of Rs. 96 and Rs. 89 respectively, after opening at 96. In totality 210690(NSE+BSE) shares were traded on the counter; and the stock is currently trading above its 50 DMA.
Consolidated Results Q2FY17:
Time Tecnoplast Ltd.'s Q2FY17 numbers have beaten Bloomberg estimates. Revenue is reported in-conjunction with estimate of Rs 657 cr, while net profit is reported 5% greater than the estimated figure of Rs 33.9 cr.
The quarter's revenue has surged marginally by 6.9% yoy to Rs 654 cr.
Time Technoplast's EBITDA has surged 8.5% yoy to Rs 97 cr while EBITDA margins have expanded by 21 bps at 14.9%
The company's net profit has soared 18.7% yoy to Rs 36 cr, majorly driven by Rs 45 lacs yoy surge in other income from 9 lacs in Q2FY16 to Rs 54 lacs in Q2FY17.
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