Time Technoplast today figures among the top three gainers on the BSE currently. The stock price opened with a gain of 8% at Rs.101 and went on to hit an intra day high at Rs.104, going up over 11%.
The company posted strong earnings for Q4FY19 with a 24% (YoY) jump in net profit at Rs.50 crore on a 14% rise in revenue at Rs.627 crore.
EBITDA was up 17% at Rs.172 crore and margins rose marginally from 15.58% to 15.86%.
Its total debt at end of FY19 was at Rs.840 crore and net cash from operating activities was at Rs.182 crore.