'Time Technoplast
consolidated net sales increased 11.97% to Rs 1023.99 crore in Q2FY23 compared
to Q2FY22.Sales of Composite Products segment has gone up 17% to Rs 349.71
crore (accounting for 34% of total sales).
Sales of Polymer Products segment has gone up 10% to Rs 674.28 crore
(accounting for 66% of total sales).
Profit before
interest, tax and other unallocable items (PBIT) remained flat at Rs 91.71
crore.
PBIT of Composite Products
segment rose 8% to Rs 33.93 crore (accounting for 37% of total PBIT). PBIT of Polymer Products segment fell 4% to
Rs 57.78 crore (accounting for 63% of total PBIT).
PBIT margin of
Composite Products segment fell from 10.53% to 9.7%. PBIT margin of Polymer Products segment rose
from 9.78% to 8.57%. Overall PBIT margin
decreased from 10.02% to 8.96%.
Operating profit
margin has declined ...
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