Mold-Tek Packaging Results: Latest Quarterly Results & Analysis

Containers & Packaging company Mold-Tek Packaging announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

• Sales increased by 12.26% to Rs 191.30 crore from Rs 170.41 crore in the Q2FY24.
• Sales Volume increased by 6.96% to 9,381 MT from 8,780 MT in Q2FY24.
• EBDITA for the period increased by 4.52% to Rs 34.13 crore from Rs 32.65 crore.
• Net Profit declined by 10.05% to Rs 14.11 crore from Rs 15.69 crore in the Q2FY24.

H1FY25 Financial Highlights:

• Sales increased by 8.90% to Rs 388.03 crore from Rs 356.32 crore in the H1FY24.
• Sales Volume increased by 7.2% to 19,274 MT from 17,980 MT in H1FY24.
• EBDITA for the period increased by 3.61% to Rs 70.80 crore from Rs 68.33 crore.
• Net Profit declined by 10.98% to Rs 30.64 crore from RS 34.42 crore in the H1FY24.

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Containers & Packaging company Mold-Tek Packaging announced Q1FY25 results:

• Sales Volume grew by 7.53% to 9,894 MT from 9,200.85 MT in FY 2023
• Net Sales increased by 5.82% to Rs 196.72 crore from Rs 185.91 crore in Q1FY23
• EBDITA for the quarter increased marginally by 2.77% to Rs 36.67 crore from Rs 35.68 crore in Q1FY24.
• However, Profit before tax declined by 10.40% to Rs 22.19 crore from Rs 24.76 crore in Q1FY24 due to higher depreciation and finance costs.
• Net Profit declined by 11.76% to Rs 16.53 crore as compared to Rs 18.73 crore in the previous corresponding period of previous year.

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Containers & Packaging company Mold-Tek Packaging announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

• Sales Volume grew by 0.05% to 9,071 MT from 9,067 MT in FY 2023
• Revenue decreased by 4.24% to Rs 176.87 crore from Rs 184.7 crore in Q4FY23
• EBDITA for the quarter decreased marginally by 1.79% to Rs 35.78 crore from Rs 36.44 crore in Q4FY23.
• However, Profit before tax decreased by 12.32% to Rs 23.60 crore from Rs 26.92 crore in Q4FY23 due to higher depreciation and finance costs.
• Net Profit decreased by 21.86% to Rs 17.97 crore as compared to Rs 22.99 crore in the previous corresponding period of previous year. 

FY24 Financial Highlights:

• Sales Volume increased by 4.84% to 35,661 MT from 34,014 MT in FY 2023
• Revenue decreased by 4.28% to Rs 698.65 crore from Rs 729.93 crore in the previous FY23 average Raw material prices decreased by 12%.
• EBDITA for the period decreased by 1.72% to Rs 134.47 crore from Rs 136.82 crore.
• Profit before Tax decreased by 13.72% to Rs 88.63 crore as compared to Rs 102.72 crore.
• Net Profit decreased by 17.21% to Rs 66.59 crore from Rs 80.43 crore in the corresponding period of previous year.

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Mold-Tek Packaging announced Q3FY24 & 9MFY24 results:

Q3FY24 Financial Highlights:

• Revenue from operations increased by 6.87% to Rs 165.46 crore from Rs 154.83 crore in Q3FY23.
• EBITDA for the quarter increased by 5.23% to Rs 30.35 crore from Rs 28.84 crore in Q3FY23.
• Profit before tax decreased by 7.86% to Rs 18.96 crore from Rs 20.57 crore in Q3FY23.
• Net Profit decreased by 12.96% to Rs 14.19 crore as compared to Rs 16.31 crore in the previous corresponding period.

9MFY24 Financial Highlights:

• Revenue from operations decreased by 4.30% to Rs 521.78 crore from Rs 545.22 crore in 9MFY23.
• EBITDA for the period decreased by 1.69% to Rs 98.69 crore from Rs 100.38 crore.
• Profit before Tax decreased by 14.21% to Rs 65.03 crore as compared to Rs 75.81 crore.
• Net Profit decreased by 15.35% to Rs 48.62 crore from Rs 57.44 crore as compared to the previous corresponding period.

Commenting on the prospects of the Company our CMD J. Lakshman Rao said, "Completion of 2 plants for Grasim and commercials supplies of the Pharma Packing which starts in a sizeable manner from Q1FY25 will augur well for a decent raise in volume growth and performance starting from Q1FY25."

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Containers & packaging company Mold-Tek Packaging announced Q1FY24 results:

• Q1FY24 vs Q4FY23:
  • Sales volume improved by 1.47% to 9,200 MT from 9,067 MT
  • EBDITA for Q1FY24 dips by 2% to Rs 35.67 crore from Rs 36.44 crore
  • Net Profit dipped by 18.54% to Rs 19 crore from Rs 23 crore
  • Basic EPS dips by 18.59%
• Q1FY24 vs Q1FY23:
  • Sales volume improved by 1.81% to 9,200 MT from 9,036 MT
  • EBDITA for Q1FY24 dips by 4% to Rs 35.67 crore from Rs 37.29 crore
  • Net profit dips by 13.71% to Rs 19 crore from Rs 21.70 crore
  • Basic EPS dips by 15.59%

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Containers & Packaging company Mold-Tek Packaging announced Q4FY23 & FY23 results:

• Q4FY23:
  • Net Profit increased by 32.79% to Rs 23 crore from Rs 17.32 crore
  • EBDITA for the quarter increased by 10.98% to Rs 36.44 crore from Rs 32.83 crore
  • Sales Volume improved by 8.01% to 9,067 MT from 8,395 MT
• FY23:
  • Net Profit increased by 26.35% to Rs 80.43 crore as compared to Rs 63.65 crore in FY22
  • Sales Volume improved by 16.30% to 34,014 MT from 29,250 MT
  • Revenue from operations increased by 15.59% to Rs 729.92 crore from Rs 631.47 crore
• The Board of Directors recommended a final dividend of Rs 2 per equity share (40%). The company has already distributed interim dividend of Rs 4 per equity share (80%) in March 2023 for FY23. Total dividend of Rs 6 per equity share (120%) was declared for FY23.

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Mold-Tek Packaging announced Q3FY23 results:

• Q3FY23:
  • Volume was up by 19.64% for 9M and up by 2.95% Q3 on Q3.
  • PAT is up by 23.95% for 9M and dipped by 2.12% Q3 on Q3.
  • Net revenue was up by 20.21% for 9M and dipped by 3.4% Q3 on Q3.
  • EBIDTA up by 12.26% for 9M and dip by 9.19% Q3 on Q3.
  • Basic EPS was up by 6.33% for 9M and dipped by 15.12% Q3 on Q3.

Result PDF

Mold-Tek Packaging announced Q2FY23 results:

• Standalone Q2FY23:
  • Revenue from operations increased by 14.43% to Rs 182.55 crore from Rs 159.53 crore
  • EBDIT for the quarter increased by 6.15% to Rs.34.24 crore from Rs.32.26 crore.
  • Profit before tax increased by 13.49 % to Rs. 26.07 crore from Rs. 22.97 crore
  • Net Profit increased by 10.36% to Rs.19.42 crore as compared to Rs.17.59 crore in the previous corresponding period.
• Standalone H1FY23:
  • Revenue from operations increased by 33.12% to Rs.390.39 crore from Rs.293.26 crore.
  • EBDIT for the period increased by 24.08% to Rs.71.54 crore from Rs.57.65 crore.
  • Profit before Tax increased by 39.73% to Rs.55.23 crore as compared to Rs.39.52 crore.
  • Net Profit increased by 38.59% to Rs.41.12 crore from Rs.29.67 crore

Result PDF

Mold-Tek Packaging Announced Q1FY23 Result :

• Sales Up by 55% & Pat Up by 80%
• Huge Capex Of Rs 125 Cr. planned In F. Y. 22-23
• Net Revenue up by 55.41% Q1 on Q1 and up by 16.81% Q1 on Q4 of FY22
• EPS up by 54.82% Q1 on Q1 and up by 17.81% Q1 on Q4 of FY22
• Volume up by 51.17% Q1 on Q1 and up by 7.64% Q1 on Q4 of FY22
• EBIDTA Up by 46.84% Q1 on Q1 and up by 13.59% Q1 on Q4 of FY22
• PAT Up by 79.68% Q1 on Q1 and up by 25.36% Q1 on Q4 of FY22
• Revenue from operations increased by 55.41% to Rs  207.8 crores from Rs 133.7crores and the volume growth is around 51.17%. EBDIT for the quarter increased by 46.84 % to Rs  37.3 crores from Rs 25.40 crores. PAT increased by 79.68% to Rs 21.71 crores as compared to Rs 12.08 crores in the previous corresponding period.

Commenting on the Company's performance for 01 of FY 23. Mr. J. LAKSHMANA Rao. Chairman & Managing Director. said that: In this quarter our all business segments recorded stellar revenue growth. The volume and PAT registered in the quarter are the highest in the history of the Company. While the persistent inflationary environment continued to impact the gross margins, we delivered healthy operating margins with strong push on our IML packs and driving further operational efficiencies across all business segments. We recognize the importance of continued innovation in packaging products to cater the needs of various customers. As part of our efforts, we have been continuously working towards enhancing the utility of our existing products and create new packaging solutions.

I am glad to see major FMCG and Food companies are opening up new IML product development activities for some of their major brands, after a gap of 2 years of Covid.

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