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Capital & Financial MarketsOperations & Footprint 22 Sep 2026

Time Technoplast raises USD 83.7m via QIP, posts 21% FY26 profit growth

Time Technoplast has raised USD 83.7m (INR 800 crore) through a qualified institutions placement and approved a 1:1 bonus issue, alongside FY26 consolidated results showing revenue up 12% to USD 639.6m (INR 6,114 crore) and profit after tax up 21% to USD 49.1m (INR 469 crore). The industrial packaging and composites group also reported first-quarter FY27 revenue up 25% to USD 177.2m (INR 1,694 crore) and disclosed the June 2026 purchase of a 76% stake in Systoverse Private Limited. The figures were presented at its annual general meeting on 22 September 2026.

Why this mattersFresh equity capital alongside double-digit earnings growth expands the funding base for further capacity additions in industrial packaging and adjacent composite products.

  • FY26 revenue rose 12% to USD 639.6m (INR 6,114 crore), EBITDA 14% to USD 94.3m (INR 901 crore) and PAT 21% to USD 49.1m (INR 469 crore).
  • The QIP raised USD 83.7m (INR 800 crore) through 39,777,247 shares at INR 201.12 each, with proceeds for debt repayment, capital investment and working capital.
  • The board approved a 1:1 bonus issue of 226,929,066 shares and recommended a final FY26 dividend of USD 0.02 (INR 1.50) per share.
  • Q1 FY27 revenue rose 25% to USD 177.2m (INR 1,694 crore) with PAT up 22% to USD 12.2m (INR 117 crore).
  • FY26 capital expenditure was USD 38.7m (INR 370 crore).
  • Time Technoplast acquired a 76% stake in Systoverse Private Limited in June 2026.
Time Technoplast
Sources scanx.trade
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-09-23 · Edited before publication: The Bhilad plant bullet is not in the excerpt and states a start date of 25 September 2026, two days after the edition date, as an accomplished fact; removed from summary and key facts. The Systoverse description (HDPE pipe and sprinkler maker) is also unsupported. INR 901 crore converts to USD 94.3m, not 94.2m. Dividend given a USD conversion.