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Time Technoplast conducted conference call on 16 August 2022 to discuss the financial results and performance of the company for the quarter ended Dec'21. Mr. Sanjaya Kulkarni - Chairman & Independent Director, Mr. Bharat Vageria, Managing Director, Mr. Raghupathy Thyagarajan, Whole-time Director, Mr. Sandip Modi, Sr. VP - Accounts & Corp. Planning and Mr. Hemant Soni, Head – Legal of the company addressed the call
Highlights of the Concall
- The company has started fiscal 2023 on an encouraging note with a healthy performance driven by good demand in industrial packaging and robust growth in composite cylinder business.
- Q1 Revenue and PAT are up by 25% and 56% year-on-year led by higher utilization of capacities. Overall capacity utilization was 77%. India capacity utilization was 72% while Overseas was 84%
- Ebitda margin was down to 13.1% from 13.4% due to inflationary pressure in key raw materials which has been also passed on to th...
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