Time Technoplast shares jump 3% after it successfully tests India’s first hydrogen-powered drone

Synopsis: Multinational conglomerate has successfully developed and flight trials of an hydrogen-powered drone integrated with a Type-III fully wrapped composite hydrogen cylinder and hydrogen fuel-cell system, marking a major clean-energy aviation milestone. 

A small cap stock in the business of  manufacturing of technology and innovation driven polymer & composite products, saw its stock surge by more than 3 percent after the company Successfully Tests India’s First Hydrogen-Powered Drone.

With a market cap of Rs 9,142 Cr, Time Technoplast Ltd saw its stock hit an intraday high of Rs 189.85  which is 3.1 percent higher than the previous close of Rs 184.10. 

What’s the News?

Time Technoplast Limited on Monday announced that the company has successfully completed development and flight trials of an in-house hydrogen-powered drone integrated with a Type-III fully wrapped composite hydrogen cylinder and hydrogen fuel-cell system, marking a major clean-energy aviation milestone. 

The drone has met all endurance, payload and operational targets, and this represents India’s first successful integration of indigenously manufactured composite hydrogen cylinders with fuel-cell-powered UAVs. The achievement follows PESO approval for Type-III hydrogen cylinders and an MoU with Drone Stark Technologies. 

These Hydrogen-powered drones would offer 3- 5x longer endurance, rapid refuelling, higher payload capacity and zero emissions, unlocking strong commercial potential across defence, logistics, surveillance and industrial applications.

Business & Financial Overview

Incorporated in 1992 and headquartered in Mumbai, Time Technoplast Ltd is a multinational polymer and composites company with operations across India, the Middle East, Southeast Asia, and the US. The company manufactures technology-driven products spanning industrial packaging, lifestyle and automotive components, infrastructure and construction materials, material handling solutions, and composite cylinders.

In the latest quarter Time Technoplast Ltd saw a YoY revenue growth of 10.26 percent, going from Rs 1,371 Cr in Q2FY25 to Rs 1,511 Cr in Q2FY26, while the QoQ went up by 11.6 percent from Rs 1,353 Cr in Q1FY25.

The YoY Net Profits growth is at 17 percent, going from Rs 100 Cr in Q2FY25 to Rs 117 Cr in Q2FY26, while the QoQ growth stood at 20 percent from Rs 97 Cr in Q1FY25. Another point to highlight is that the stock has given a 3 year compounded return of 67 percent.

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