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Time Technoplast conducted conference call on 15 November 2022 to discuss the financial results and performance of the company for the quarter ended Sep'22. 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
- Value added products grew by 22% in Q2FY23 as compared to Q2FY22, while established products grew by 9%. The company's focus remains to increase the share of value added products in its revenue and improve margins. Value added products grew by 28% in H1FY23 as compared to H1FY22, while established products grew by 15%
- Total Debt reduced by Rs 14.5 crore in H1FY23 from year ended FY22.
- Pipe segment showed signs of improvement in H1FY23 with reduction in polymer prices, inflow of new orders and r...
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