Tim Metal & Industries continues to post strong performance for the third quarter of 2021-22

Consolidated Profit: EBIDTA up 39%, PBT up 36% and Cumulative PAT at Rs. 1703.17 Lakhs MUMBAI, India, Feb. 9, 2022 /PRNewswire/ — Tim Metal & Industries (BSE: LATIMMETAL) (Script Code # 505693), a company listed in the flat steel business since 1987 and specializing in color coated steel, continues to deliver strong performance for the third quarter of 2021-22. Consolidated Profit: EBIDTA up 39%, PBT up 36% and Cumulative PAT at Rs. 1703.17 Lakhs Tim Metal and Industries Limited (formerly known as Drillco Metal Carbides Limited) is a publicly listed company based in Mumbai incorporated on January 28, 1975 and on August 22, 1975, it was transformed into a limited company. In 2010, the Company was acquired by Mr. Rahul Timbadia and his family members who are now the current promoters of the Company. The Company is mainly engaged in the manufacture and trading of color coated coils and profiled sheets.

The company’s expertise lies in providing end-to-end solutions which includes manufacturing products to the specifications required for its customers. Providing the right product for the right requirement at the right price is its motto. This has resulted in close ties with major customers in India. Tim Metal & Industries is part of India’s growing steel industry, which is directly correlated with the country’s industrial development and the company has seen continued good revenue growth.

Growth drivers include: Continuous development of new color shades and small user satisfaction as part of added value.

Development of new designs on flower steel, wood, marble, etc. where competition is very limited.

Importing finished products for the South Indian market instead of the company’s production base due to the logistic advantages and added value that comes with it.

The strategic vision includes: Geographic expansion into unrepresented areas.

Development of industrial parks in strategic areas, which is the need of the hour.

Creation and reinforcement of a credible group image.

Future outlook: ”The price of steel had followed a downward trend in the third quarter. It has become stable now and we see that as a plus. Once the price hits the bottom, it has only one direction to go. Even if it does not increase, the stable price is a great opportunity for secondary manufacturers like us, because our profit comes from adding value by coloring and catering to various buyers according to their needs. In a way, we are a specialist with limited production and cater to those who need customization” ”We expect the last quarter of this financial year to see some recovery in demand and prices , and consequent stability, but the first quarter of next fiscal year will have increasing momentum in price with strong pre-monsoon demand as one of the main applications for our product being roofing and related applications,” said Mr. Rahul Timbadia. In addition, the recent budget has given a boost to infrastructure growth, with the main beneficiary being steel.

About The Tim Group The Tim Steel imports and markets color coated steel sheets. It also owns and operates a manufacturing unit in Umergaon, Gujarat. The Tim Group is also active in the field of real estate and hotels.

His real estate company, “La Tim Lifestyle & Resorts”, initiated the land business and real estate development from Panvel and its surroundings. Presently, La Tim owns a land bank of over 1000 acres spread along Khopoli Pali Road (State Highway 92), about 90 km from Mumbai and 95 km from Pune.

Some of his current projects include Samruddhi Farms – A Community Farming Initiative, Vasudha Estate – NA Plots, Vasudha Orchard – Agricultural Plots, Vasudha Waters – Pre-Fab Homes & Newly Launched Serenity Two.

The Tim Hospitality includes the well-known brand “SAJ Resorts” which owns hotels in beautiful locations such as Mahabaleshwar and Malshej Ghat, while also developing a future hotel in the Pench Tiger Reserve, 95 km from Nagpur. Additionally, it operates fine dining restaurants in Goa.

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