I have created a custom field selecting date type,selecting the date format and time.Actually I will need only Time field but the system doesn't alow to create custom field of type date, without selecting a date format and later in webforms I selected Time widget. In webform it is displayed as time field only But after the user submits the webform, In civicrm contact current date is also displayed with the time(screenshot)and How to get only the Time value in civicrm?I need this field for time of birth of the user. Any help?
Since you are using date field it won't allow you to store only time. One option would be to use custom field of type text to only store time or use date field to store DOB with time.
You would need to create a custom field (type = textfield) to store only time.