Founder MD re-appointment and strong September quarter results
TIMETECHNO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts less than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved the re-appointment of promoter and co-founder Bharat Kumar Vageria as Managing Director for five years from February 6, 2027, subject to shareholder approval. Consolidated September quarter revenue rose 32% year on year to Rs 1,994.19 crore and profit after tax rose 26% to Rs 148.31 crore. Half-year revenue rose 29% to Rs 3,686.91 crore and profit after tax rose 25% to Rs 267.62 crore.
Higher revenue and profit may support the stock; five-year founder leadership supports execution, but shareholder approval is pending.