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TIMETECHNOPLAST Information Technology 12 Feb 2026

Time Technoplast Limited — Q3 FY26

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).

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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-Minute 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.

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Risk Intelligence

Raw material price volatility

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Quarter Snapshot

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.

Fast read

Guidance and risk preview

Top 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.

Top risk Raw material price volatility

Polymer prices have declined, but any reversal could pressure margins.

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