TTTime Technoplast532856Quarterly results

Time Technoplast Q2FY27: highest-ever quarterly revenue, EBITDA and PAT

Q2FY27 total income up 32.0% to ₹19,961 Mn and PAT up 26.6%, but EBITDA margin slipped to 13.3% from 14.8%.

By ScoutQuest · Thu 5 Nov 2026, 9:09 PM IST · 1 min read

Q2FY27 total income

₹19,961 Mn, up 32.0% YoY from ₹15,122 Mn

Q2FY27 PAT after minority interest

₹1,461 Mn, up 26.6% YoY

EBITDA margin

13.3% vs 14.8%

Period

Q2FY27 and H1FY27, ended September 30, 2026

Positioning

The company presents itself as a three-decade-old plastics and composite products maker with multi-country plants, 1,080-cascade CNG capacity at Morai and the claim of being India's first and only holder of PESO approval for Type-IV CNG cyl

📉 Q2FY27 consolidated total income rose 32.0% year on year to ₹19,961 Mn from ₹15,122 Mn, with EBITDA up 18.4% to ₹2,650 Mn and PAT after minority interest up 26.6% to ₹1,461 Mn. Margins went the other way: EBITDA margin fell to 13.3% from 14.8% and PAT margin to 7.3% from 7.6%.

🌍 For H1FY27 the company reports consolidated total income of ₹36,899 Mn, up 28.8%, EBITDA of ₹4,904 Mn (up 16.9%) and PAT after minority interest of ₹2,624 Mn (up 24.6%). Volume growth was 12.9% overall, 13.3% in India and 12.4% overseas, with India contributing 65% of revenue.

💰 The company says the higher EBITDA growth relative to volume growth reflects effective pricing, product mix and operational efficiencies rather than volume alone. Management states FY26 ROCE stood at 18.9% and that it aims to improve ROCE by 1.5-2.0 percentage points annually through automation, machinery and mould re-engineering and working capital optimisation.

🔬 The presentation lists non-core assets worth ~₹134 Cr identified as on 31 March 2026, of which ₹18 Cr was disposed in H1FY27, with the balance of ₹116 Cr expected to be monetised over the next 18-24 months. It also cites an order of ₹ 83 Cr for Type IV composite CNG mobile storage cascades from a PSU and a ₹ 2.5 Cr NTPC trial order for hydrogen cylinder storage cascade and fuel delivery systems.

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