Time Technoplast Ltd. Latest Updates

Financial Performance (Q3 FY26) For the quarter ending December 2025 (reported in February 2026), Time Technoplast delivered strong growth with a 25.5% year-on-year increase in net profit, reaching ₹128.52 crore. Consolidated revenue grew by 12.8% to ₹1,567 crore, supported by a 15% rise in overall volumes. The EBITDA margin expanded to 15%, driven by a higher contribution from value-added products which now account for 30% of total sales. Major Debt Reduction The company has significantly deleveraged its balance sheet, reducing total debt to ₹266 crore at the end of the nine-month period (9M FY26), down from ₹647 crore in the previous fiscal year. Management has indicated clear visibility to become net debt-free within the next six months, aided by QIP proceeds and strong internal cash flow generation of ₹332 crore. Hydrogen & Defence Order Win In February 2026, Time Technoplast secured its first trial order for a Type-IV composite hydrogen storage system valued at ₹2.30 crore. The project involves designing and manufacturing a high-pressure hydrogen cascade storage system for a Navaratna PSU, with the end use intended for the Indian Armed Forces. This marks a strategic entry into high-tech energy storage for the defense sector. Regulatory Approvals & Innovation The company recently received a "blanket approval" from PESO (Petroleum and Explosives Safety Organization) and TÜV Rheinland for manufacturing High-Pressure Type-3 Fully Wrapped Carbon Fibre Composite Cylinders. This makes them the first Indian company to receive such comprehensive approval for 2.0-litre cylinders across multiple gas applications, including medical oxygen, hydrogen storage for drones, and laboratory gases.