TPL Plastech board approves merger into Time Technoplast
TPL Plastech's board approved a merger by absorption into parent Time Technoplast, effective 1 April 2026.
By ScoutQuest · · 1 min read
- Merger effective date
- 1 April 2026
- Parent holding
- 75%
- EBITDA Q2 FY27
- ₹ 138.6 Mn (+16.7%)
- Release
- Results press release
- Period
- Q2 FY27
_Consolidated · Q2 & H1 FY27_
📊 EBITDA, Q2 FY27: ₹ 138.6 Mn (+16.7%)
📌 The Board has approved a scheme of merger by absorption of TPL Plastech Limited into Time Technoplast Limited, which holds 75% of the company, with effect from 1 April 2026 and subject to receipt of the NCLT's order.
📌 EBITDA margin fell to 9.3% in Q2 FY27 from 11.1% in Q2 FY26, even as revenue from operations grew 39.9%.
Also from TPL Plastech
Board approves Q2/H1 FY27 results, CEO transition and committee reconstitution
4 Nov 2026
CEO resigns effective November 30; Mangesh Sarfare appointed CEO and KMP for two years
4 Nov 2026
Q2 results approved, CEO resignation noted, Mangesh Sarfare appointed CEO
4 Nov 2026
More numbers
- Revenue from operations, Q2 FY27₹ 1,495.2 Mn
- PAT, Q2 FY27₹ 83.8 Mn
- EBITDA, Q2 FY27₹ 138.6 Mn
- EBITDA margin, Q2 FY279.3%
- ROCE, H1 FY2722.6%
- Volume growth, Q2 FY2715.0%
- Expected additional annual revenue, Bhuj facility~₹100 Cr
- Volume growth target, Board~15% p.a.
- Share of power to be sourced from solar75%
- Estimated solar investment~₹5 Cr
- Estimated annual savings from solar~₹4 Cr
- Time Technoplast stake in TPL Plastech75%
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