Financial Performance Summary
| Particulars (₹ Mn) | Q1 FY27 | Q1 FY26 | Y-o-Y Growth | Q4 FY26 | FY26 |
| Revenue from Operations | 1,243.9 | 904.1 | 37.6% | 1,141.2 | 4,226.6 |
| EBITDA | 113.4 | 100.3 | 12.9% | 129.3 | 483.9 |
| EBITDA Margin (%) | 9.1% | 11.1% | - | 11.3% | 11.4% |
| PAT | 65.4 | 54.7 | 19.6% | 80.8 | 290.9 |
| PAT Margin | 5.3% | 6.1% | - | 7.1% | 6.8% |
Key Performance Highlights
- Volume growth of 12.1% year-over-year despite tense geopolitical environment caused by tensions in West Asia and fluctuation in input cost polymer prices
- The company operates in an institutional business model serving leading industries including Specialty Chemicals, FMCG, and Pharmaceuticals
- Long-term customer relationships with mutually agreed pricing mechanisms enable pass-through of input cost fluctuations, helping maintain margin stability
Sustainability Initiatives
- Plans to source approximately 75% of power requirements through solar energy
- Estimated investment of ~₹5 Cr
- Expected to generate annual savings of ~₹4 Cr
- Achieving payback under 18 months
- Expected to further enhance ROE
Expansion Plans
- TPL (including its wholly owned subsidiary) plans to expand their facility in Bhuj (Gujarat)
- Manufacturing packaging products, including IBCs
- Estimated investment of ~₹20 Cr
- To support future growth and demand
- Expected to commence operations by Q3 FY27
Management Commentary
TPL Plastech Ltd reported a resilient start to FY27, supported by stable demand across the chemicals, specialty chemicals, and pharmaceutical sectors. The global industrial packaging market is expected to reach approximately USD 97 billion by 2031, growing at a CAGR of 5-6%, driven by increasing adoption of lightweight and recyclable IBC solutions across chemicals, food processing, and pharmaceuticals.
The company has been working on consolidation of products and facilities, along with reducing manpower and power costs, supported by automation, re-engineering of mould and machinery, and working capital optimization to enhance earnings and capital efficiency.
The Board has outlined a growth target of ~15% p.a. in volumes over the coming years, subject to fluctuations in key input costs.
Business Overview
TPL Plastech Ltd is a subsidiary (75%) of TIME TECHNOPLAST LTD and is engaged in manufacturing of technology-based polymer and composite products mainly Plastic Drums/Jerry Cans and Intermediate Bulk Containers (IBCs). The Company has manufacturing facilities at 5 locations including Silvassa, Ratlam, Bhuj, Vizag and Dahej and caters to customers in industries like Chemical & Petrochemicals, Specialty Chemicals, Plasticizers, Pharmaceutical, FMCG, Food products.
Time Technoplast Ltd is a leading technology based innovative polymer and composite product Company with presence in India, Thailand, Taiwan, Indonesia, Vietnam, Malaysia, UAE, Bahrain, Saudi Arabia, Egypt and USA. The Company is market leader in 9 out of 11 countries it operates in.