Time Technoplast

Time Technoplast delivered a solid Q3 FY26 with revenue of ₹1,567 croreCurrent reported value: ₹1,567 crore. No comparable prior figure is available in the source record. (+13Current reported value: 13. No comparable prior figure is available in the source record.% YoY) and PAT of ₹126 croreCurrent reported value: ₹126 crore. No comparable prior figure is available in the source record. (+25Current reported value: 25. No comparable prior figure is available in the source record.% YoY), driven by 15% volume growthCurrent 15% volume growth. Reported change: +15% YoY. and a rising share of value-added products (30%Current 30%. Reported change: +3pp YoY. of sales vs 27% last year). The composite segment grew 23%Current 23%. Reported change: +23% YoY., supported by a healthy order book of ₹165 croreCurrent ₹165 crore. Reported change: N/A. for Type-4 cylinders. Management reiterated a 15% revenue growth trajectory and guided for ROCE improvement to 20%Current reported value: 20%. No comparable prior figure is available in the source record. in FY26 (9M: 18.6%). Key margin drivers include automation (₹75 crore capex), solar power savings (~₹10 crore annualized from FY27), and debt reduction to near-zero in 6 months, cutting finance costs from ~₹90 crore to ₹25-30 crore. Risks include potential raw material volatility and slower-than-expected ramp-up of new composite capacity.