Time Technoplast slips into red, records a consolidated loss of ~Rs12cr in Q1FY21


Quarterly Results

Time Technoplast Limited announced its Q1FY21 results on Aug 29, 2020. Consolidated net revenue of Time Technoplast Limited in Q1FY21 stood at Rs475.2cr, which declined by 45.26% yoy from Rs868.14cr in Q1FY20.

EBITDA stood at Rs53.94cr in Q1FY21 that decreased by 57.31% yoy. For Q1FY20, it had posted EBITDA of Rs126.35cr. EBITDA margin as of Q1FY21 was at 11.35% that declined by 3.2% yoy against the same quarter, the previous year.

The consolidated net loss in Q1FY21 came in at Rs11.59cr which declined by 125.96%, as compared to Q1FY20, when it reported profit of Rs44.65cr. The net profit margin in Q1FY21 came in at negative 2.44% which declined by 7.58% yoy. The net profit margin for Q1FY20 was 5.14%.

On Friday, share price of company closed at Rs44.85 down by 0.88% on BSE.








Particulars

Q1FY21 (Rs in cr)

Q1FY20 (Rs in cr)

% VAR

Net Revenue

475.20

868.14

-45.26

Operating Profit

53.94

126.35

-57.31

Net Profit(Loss)

(11.59)

44.65

-125.96

EBITDAM%

11.35

14.55

-3.20

PATM%

-2.44

5.14

-7.58

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