Expect Q3 and Q4 of FY18 to do much better: Time Technoplast

Time Technoplast was surging in trade on the back of a good Q2. In an interview to CNBC-TV18, Anil Jain, MD of the company spoke about company's Q2 performance.

One and a half months of Q2 were slow because of goods and services tax (GST) but it started picking up from thereon, he said.

Q3 and Q4 should do much better, he added.

We are expecting our cylinder business to double or even more than the double compared to last year. So we are seeing a steady growth in that business, said Jain.

Time technoplast Ltd. (Time Tech) is a leading polymer product multinational company with operations in India, UAE, Bahrain, Thailand, Malaysia, China, Poland, Romania, Taiwan, South Korea, Vietnam, and Indonesia. The company caters to Business segment including packaging, Infrastructure, Lifestyle, Automotive, Healthcare, Composite Cylinder and Material Handling. Industrial packaging business encompasses range of products including tight head drums, open top drums, jerry cans, pails and 1000 liter intermediate bulk container.