TIMETECHNOPLAST Information Technology 12 Feb 2026

Time Technoplast Limited — Q3 FY26

Q: What was Time Technoplast's revenue in Q3 FY26?

Time Technoplast reported revenue of ₹1,565 Cr in Q3 FY26, a +13% change year-over-year.

Time Technoplast delivered a solid Q3 FY26 with revenue of ₹1,567 crore (+13% YoY) and PAT of ₹126 crore (+25% YoY), driven by 15% volume growth and a rising share of value-added products (30% of sales vs 27% last year).

bullish high

Revenue ₹1,565 Cr +13%

EBITDA ₹236 Cr +7%

PAT ₹129 Cr +25%

EBITDA Margin 15% -80bps

Duration 58 min

Read Time 1 min read

✓ Verified against BSE filing

2-Min Summary

✦ AI-Generated from Full Transcript

Time Technoplast delivered a solid Q3 FY26 with revenue of ₹1,567 crore (+13% YoY) and PAT of ₹126 crore (+25% YoY), driven by 15% volume growth and a rising share of value-added products (30% of sales vs 27% last year). The composite segment grew 23%, supported by a healthy order book of ₹165 crore for Type-4 cylinders. Management reiterated a 15% revenue growth trajectory and guided for ROCE improvement to 20% 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.

Key Numbers

Volume Growth 15%

+15% YoY

Overall volume growth for 9M FY26, with India at 13% and overseas at 17%.

Composite Segment Growth 23%

+23% YoY

CG composite cascade segment grew 23% in 9M, boosting overall performance.

Value-Added Product Share 30%

+3pp YoY

Share of value-added products increased from 27% to 30% of total sales in 9M.

Order Book (Composite Cylinders) ₹165 crore

N/A

Healthy order book for Type-4 composite cylinders as of Q3 end.

Management Guidance

ROCE target of 20% for FY26

Management targets 20% ROCE for the full year, up from 18.6% in 9M, driven by margin expansion and debt reduction.

Management guidance margins

Debt-free in next 6 months

Total debt reduced to ₹266 crore; management expects to become debt-free within 6 months, cutting finance costs to ₹25-30 crore annually.

Management guidance other

15% revenue growth trajectory for next 3 years

Company projects consolidated revenue growth above 15% for the next 2-3 years, driven by packaging (11-13%) and composite (25-30%) segments.

Management guidance revenue

Solar power savings of ₹10 crore from FY27

Gujarat solar power benefit started in February; annual savings of ~₹10 crore expected from next fiscal, with investment payback in one year.

Management guidance margins

Key Risks

Raw material price volatility

Polymer prices have declined, but any reversal could pressure margins. Management noted lower raw material costs impacted revenue growth vs volume.

medium · management_commentary

Delays in new composite capacity ramp-up

The new composite plant in Daman is commissioning in March 2026; any delay in commercialization could affect FY27 revenue targets.

medium · data_observation

Inorganic acquisition integration risk

The proposed acquisition of Vibrant Packaging (₹250 crore revenue) is under due diligence; integration challenges or deal failure could impact growth plans.

medium · analyst_question

Notable Quotes

We have a clear visibility to have a complete debt free in the next 6 months time.

Bhat Kumar Vageria · Managing Director

Our target is to reach 20% ROCE this year. Already in the 9 months it is 18.6%.

Bhat Kumar Vageria · Managing Director

If I tell you anything margin over and above the 18 or 20% EBITDA margin, you are inviting your competitors.

Bhat Kumar Vageria · Managing Director

Frequently Asked Questions

What was Time Technoplast's revenue in Q3 FY26?

Time Technoplast reported revenue of ₹1,565 Cr in Q3 FY26, representing a +13% change compared to the same quarter last year.

What guidance did Time Technoplast management give for FY27?

ROCE target of 20% for FY26: Management targets 20% ROCE for the full year, up from 18.6% in 9M, driven by margin expansion and debt reduction. Debt-free in next 6 months: Total debt reduced to ₹266 crore; management expects to become debt-free within 6 months, cutting finance costs to ₹25-30 crore annually. 15% revenue growth trajectory for next 3 years: Company projects consolidated revenue growth above 15% for the next 2-3 years, driven by packaging (11-13%) and composite (25-30%) segments. Solar power savings of ₹10 crore from FY27: Gujarat solar power benefit started in February; annual savings of ~₹10 crore expected from next fiscal, with investment payback in one year.

What are the key risks for Time Technoplast in FY27?

Key risks include Raw material price volatility — Polymer prices have declined, but any reversal could pressure margins. Management noted lower raw material costs impacted revenue growth vs volume.; Delays in new composite capacity ramp-up — The new composite plant in Daman is commissioning in March 2026; any delay in commercialization could affect FY27 revenue targets.; Inorganic acquisition integration risk — The proposed acquisition of Vibrant Packaging (₹250 crore revenue) is under due diligence; integration challenges or deal failure could impact growth plans..

Did Time Technoplast meet its previous quarter's guidance?

Scorecard data is being built as historical quarters are processed.

Where can I read the full Time Technoplast Q3 FY26 concall transcript?

The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.