Mold-Tek Packaging Ltd.

NSE: MOLDTKPAC | BSE: 533080 | ISIN: INE893J01029 |Industry: Containers & Packaging
|Expensive Performer
270.00 -2.70 (-0.99%)
NSE Oct 21, 2020 12:04 PM
Volume: 10,495
 

Mold-Tek Packaging Ltd.    
13 Nov 2018
270.00
-0.99%

Q2FY19 Result Update

Prabhudas Lilladhar
Mold Tek Packaging Lower gross margins & higher interest cost impacts profitability Mold Tek Packaging (MTEP) reported Q2 results, slightly below expectations. Cons. net sales grew by 27.1% YoY but were marginally lower sequentially to Rs 1,005m. Q2 is a seasonally weak quarter (Q1 and Q4 being stronger). EBITDA grew 19.1% YoY to Rs 166m but was down QoQ by 6.9% to Rs 166m primarily due to 240 bps contraction in gross margins as well as increase in employee costs by 23% YoY. EBITDAM were down...
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Promoters pledge reduced to 3.26% of holdings in Sep 2020 qtr.
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