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."