TPL Plastech Ltd

Meeting Details

• No date, time, or location disclosed in the provided excerpt.

Key Agenda Items

• No agenda items disclosed in the filing excerpt.

Other Notes

• Filing indicates board meeting category; no trading window or related notes disclosed.

Bhuj facility update

• Wholly owned subsidiary commenced manufacturing of Intermediate Bulk Containers at Bhuj, Gujarat.
• Installed capacity approximately 150,000 IBCs per year; projected revenue about ₹100 crores.
• Unit also produces industrial plastic drums (200 L and above) to broaden solutions.
• Strategic location enables proximity to customers, shorter delivery lead times, and improved supply reliability.
• Strengthens Gujarat manufacturing footprint and supports growth in IBC and industrial packaging markets.

Dematerialisation processing and ownership update

• Securities received for dematerialisation during the quarter were confirmed as accepted/rejected by the registrar.
• Dematerialised securities have been listed on the exchanges where existing securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after due verification.
• Depository name substituted as registered owner in the records within prescribed timelines.

TPL Plastech Ltd trading window closed from July 01, 2026 till 48 hours after the declaration of Un-audited Financial Results of the Company for the Quarter ended June 30, 2026

Financial Performance

• Q3 FY26 revenue: ₹1,112 Mn, up 22.2% YoY; 9M FY26 revenue: ₹3,085 Mn, up 19.9% YoY.
• Q3 FY26 EBITDA: ₹135 Mn, up 23.3% YoY; 9M FY26 EBITDA: ₹355 Mn, up 20.9% YoY.
• Q3 FY26 PAT: ₹87 Mn, up 25.4% YoY; 9M FY26 PAT: ₹210 Mn, up 25.4% YoY.
• EBITDA margin for Q3 FY26 at 12.17%; PAT margin at 7.82%.

Business Developments

• Volume growth of nearly 25% YoY in Q3 FY26 driven by chemicals, specialty chemicals, and pharmaceuticals sectors.
• Company operates five manufacturing facilities in Silvassa, Ratlam, Bhuj, Vizag, and Dahej.
• Product portfolio includes plastic drums, jerry cans, and Intermediate Bulk Containers (IBCs).

Market Outlook

• Global industrial packaging market expected to grow at 7.0% CAGR from USD 83.04 billion (2025) to USD 116.68 billion (2030).
• Shift of chemical manufacturing from China to India and other Asian countries presents growth opportunities.

Governance

• TPL Plastech Ltd is a 75% subsidiary of Time Technoplast Ltd.

Financial Performance 📊

• Consolidated revenue from operations rose to Rs 11,122.21 lakhs in Q3 FY26 from Rs 9,104.35 lakhs in Q3 FY25.
• Consolidated total income for Q3 FY26 was Rs 11,124.01 lakhs versus Rs 9,106.15 lakhs in Q3 FY25.
• Consolidated PBT increased to Rs 1,070.91 lakhs in Q3 FY26 from Rs 841.36 lakhs in Q3 FY25.
• Consolidated PAT grew to Rs 869.32 lakhs in Q3 FY26 from Rs 693.20 lakhs in Q3 FY25.
• Basic and diluted EPS (consolidated) for Q3 FY26 was Rs 1.11 versus Rs 0.89 in Q3 FY25.
• Nine months ended Dec 31, 2025 consolidated revenue from operations was Rs 30,848.52 lakhs, up from Rs 25,715.19 lakhs year ago.

Expenses & Capital 📊🧱

• Total consolidated expenditure for Q3 FY26 was Rs 10,053.10 lakhs, up from Rs 8,264.79 lakhs in Q3 FY25.
• Major Q3 FY26 expenses: cost of materials Rs 8,675.59 lakhs, employee benefits Rs 250.38 lakhs, finance costs Rs 128.86 lakhs.
• Paid-up equity share capital remained Rs 1,560.06 lakhs (face value Rs 2 each).

Operations & Segments 🗒️

• Company operates in a single segment: Industrial Packaging.
• Subsidiary Prokube Containers Pvt Ltd contributed negligible revenue and loss for Q3 FY26.

Governance & Risks 🗓️⚠️

• Board approved unaudited consolidated and standalone results for Q3 and nine months ended Dec 31, 2025 on Feb 11, 2026.
• Auditor’s review report dated Feb 11, 2026 expressed no material misstatements.
• New Indian Labour Codes effective Nov 21, 2025; no material liability expected as rules are pending notification.

Financial Performance

• Board approved unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025.
• Consolidated revenue from operations for Q3 FY26 was Rs. 11,122.21 lakhs; profit after tax Rs. 869.32 lakhs.
• Standalone revenue from operations for Q3 FY26 was Rs. 11,122.1 lakhs; profit after tax Rs. 869.34 lakhs.
• Basic and diluted EPS for Q3 FY26 stood at Rs. 1.11 per share (face value Rs. 2 each).
• Total comprehensive income for nine months ended December 31, 2025, was Rs. 2,101.57 lakhs consolidated and Rs. 2,101.60 lakhs standalone.

Corporate Structure & Capital

• Paid-up equity share capital remained Rs. 1,560.06 lakhs with no changes.
• Company operates in a single segment: Industrial Packaging.

Auditor & Compliance

• Statutory auditor issued limited review reports with no material misstatements or qualifications.
• Auditor’s review included subsidiary Prokube Containers Pvt Ltd, which reported negligible revenue and loss for the quarter.

Regulatory Matters ️

• No material liability expected from new Indian Labour Codes effective November 21, 2025; impact to be reviewed post notification of rules.