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. Result PDF
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." Result PDF
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% Result PDF