Strong show by Mold-Tek in Q2MOLDTECH - 361 Change: -2.90 (-0.80 %)
News: Mold Tek Packaging reported strong revenue, PAT growth of 34% and 31% YoY to ~Rs. 160 crore and ~Rs. 18 crore, respectively. However, a sharp rise in raw material costs dragged EBITDA margin down by 160 bps YoY to 20%.
Views: Mold-Tek Packaging has reported a strong revenue, PAT growth in Q2FY22 on a normal base. The growth was led by strong traction in the paint and FMCG segment. Further, company is expanding its manufacturing capacity and adding new clients under FMCG segment, which is likely to drive future revenues for the company. On the margin front, the EBITDA margin will be driven by price hikes, better product mix and improved operating leverage of new plants. We maintain our positive stance on the company’