TPL Plastech Limited — Earnings Release 2024

Feb 9, 2024

HEMANT

KUMAR SONI

Digitally signed by HEMANT KUMAR SONI Date: 2024.02.09 19:31:53 +05'30'

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TPL PLASTECH LIMITED
Press Release | Q3FY24
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February 09, 2024: TPL PLASTECH LIMITED (NSE: TPLPLASTEH, BSE Code: 526582), today announced its third quarter (Q3FY24) and nine months (9MFY24) financial results for the period ended December 31, 2023.

Management Commentary

“Satisfactory scaling up of operations at the company’s Greenfield unit in Dahej (Gujarat) for Intermediate Bulk Containers (IBCs) along with other industrial packaging products i.e. Drums and Jerry Cans has resulted in good volume growth. For the 9 months ended December 31, 2023, on a year-on-year (Y-o-Y) basis, volume grew by 23% and total income witnessed a growth of 15%. With good demand for industrial packaging in end-use sectors and Dahej being a major industrial hub for Chemicals and Pharmaceuticals, we were able to capture this growth. The EBITDA margin remained stable at around 11.4% in 9MFY24 and is expected to improve going forward as the sales of IBCs, which is a value-added product, pick up. Overall, we are very positive on the performance and are confident on achieving our targets for the full year.”

Financial Performance	Financial Performance						(In ₹ Mn)
		Q3FY24	Q3FY23	Y-o-Y	9MFY24	9MFY23	Y-o-Y
S. No.	Particulars
		Un-Audited	Un-Audited	Growth(%)	Un-Audited	Un-Audited	Growth(%)
1.	Total Income	826.57	700.31	18.0%	2,301.92	1,997.36	15.2%
2.	EBITDA	99.28	87.87	13.0%	263.11	232.34	13.2%
3.	EBITDA Margin(%)	12.0%	12.5%	-	11.4%	11.6%	-
4.	Profit After Tax(PAT)	58.78	50.41	16.6%	137.81	122.22	12.8%
5.	Earningsper share(EPS)	0.75	0.65	16.6%	1.77	1.57	12.8%

Highlights of Q3FY24

• Healthy volume growth of 25.1% during Q3FY24 as compared to corresponding quarter previous year from scaling up of operations at Dahej (Gujarat).

• IBCs are gaining popularity due to cost effectiveness, easier handling and emphasis on sustainability.

• Increase in IBC sales which are classified as Value Added Products will help improve margins going forward.

About TPL Plastech Limited

TPL Plastech Ltd. (TPL) is a subsidiary (75%) of Time Technoplast Ltd. (Listed Company) and is engaged in manufacturing of technology-based polymer and composite products mainly Plastic Drums/Jerry Canes and Intermediate Bulk Containers (IBCs). The Company has manufacturing facilities at 5 locations including Silvassa, Ratlam, Bhuj, Vizag and Dahej and caters to customers in industries like Chemical & Petrochemicals, Specialty Chemicals, Plasticizers, Pharmaceutical, FMCG, Food products etc.

Product portfolio:

• Plastic Drums and Jerry Cans up to 250 Ltr capacity

• Intermediate Bulk Containers (IBC) 1000 Ltr capacity

• For details please visit: www.tplplastech.in

T P L P L A S T E C H L I M I T E D | W W W . T P L P L A S T E C H . I N | Q 3 F Y 2 0 2 4 P R E S S R E L E A S E | P A G E 1 O F 2

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TPL PLASTECH LIMITED
Press Release | Q3FY24
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About Time Technoplast Limited

Time Technoplast (www.timetechnoplast.com) is a leading technology based innovative polymer product Company. Over the years, Time Technoplast has emerged as a formidable player in the polymer space with a product range that caters diverse segments like Industrial Packaging, Infrastructure, Lifestyle, Composite Cylinders (LPG, CNG and Oxygen) and Auto Components related products. It focuses on replacing metals with polymers in high performance areas using innovation and latest technology. Time Technoplast services wide spectrum of user industry in each of its business verticals reducing sectoral risks and taping new opportunity for growth. Time Technoplast is an aspiring Indian multinational having presence in India, Thailand, Taiwan, Indonesia, Vietnam, Malaysia, UAE, Bahrain, Saudi Arabia, Egypt and USA. The Company is market leader in 9 out of 11 countries it operates in.

For details please contact: Mr. Digvijay Singh Rathore AVP- Finance and Investor Relations P: +91 22 7111 9304 E: digvijay.rathore@timetechnoplast.com

Disclaimer:

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. TPL Plastech Ltd. will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

T P L P L A S T E C H L I M I T E D | W W W . T P L P L A S T E C H . I N | Q 3 F Y 2 0 2 4 P R E S S R E L E A S E | P A G E 2 O F 2