Time Technoplast's Q2 FY24-25 financials show positive growth and improved metrics

Time Technoplast, a midcap company in the plastic products industry, has recently announced its financial results for the quarter ending September 2024. The company has received a 'Hold' call from MarketsMOJO, indicating a neutral stance on its stock.

According to the financials, Time Technoplast has shown positive performance in Q2 FY24-25, with a score of 17 compared to 18 in the previous quarter. The company's operating cash flow has been consistently growing over the last three years, with the highest annual amount of Rs 406.24 crore. This indicates that the company has been able to generate higher cash revenues from its business operations.

In addition, Time Technoplast has also shown improvement in managing its interest payments, with the operating profit to interest ratio reaching a high of 8.60 times in the last five quarters. The company's operating profit (PBDIT) has also been on an upward trend, with the highest amount of Rs 196.23 crore in the last five quarters.

The profit before tax (PBT) has also seen a positive trend, with the highest amount of Rs 131.64 crore in the last five quarters. This represents a growth of 37.63% year on year (YoY). Similarly, the profit after tax (PAT) has also shown a positive trend, with the highest amount of Rs 98.36 crore in the last five quarters, and a YoY growth of 39.7%.

The earnings per share (EPS) for Time Technoplast has also been on the rise, with the highest amount of Rs 4.33 in the last five quarters. This indicates that the company has been able to increase its profitability and create higher earnings for its shareholders.

Overall, the financial results for the quarter ending September 2024 show a positive trend for Time Technoplast, with improvements in various key metrics. This could potentially lead to a positive outlook for the company in the near future.