'Time
Technoplast consolidated net sales increased 25.20% to Rs 944.47 crore in
Q1FY23 compared to Q1FY22. Sales of
Composite Products segment has gone up 36% to Rs 312.15 crore (accounting for
33% of total sales). Sales of Polymer
Products segment has gone up 20% to Rs 632.32 crore (accounting for 67% of
total sales).
Profit
before interest, tax and other unallocable items (PBIT) has jumped 34% to Rs
82.93 crore.
PBIT of Composite Products
segment rose 50% to Rs 29.72 crore (accounting for 36% of total PBIT). PBIT of Polymer Products segment rose 26% to
Rs 53.21 crore (accounting for 64% of total PBIT).
PBIT
margin of Composite Products segment roe from 8.66% to 9.52%.
PBIT margin of Polymer Products segment rose
from 8.03% to 8.42%. Overall PBIT margin
increased from 8.22% to 8.78...
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