Mold Tek Packaging Food & FMCG put up a good show Mold Tek Packaging (MTEP) reported Q3 results, in line with expectations. Cons. net sales grew by 15.7% YoY but marginally lower QoQ to Rs 987m. EBITDA grew 10.6% YoY and 1.7% QoQ to Rs 169m due to lower opex and improved gross margins (39.5% in Q3 versus 38.9% in Q2). EBITDAM also improved 60 bps QoQ to 17.1% but still remained 80 bps lower YoY. There was a sharp increase in the depreciation and interest cost by 18.9% and 70.2% YoY respectively due to the capex at Vizag and Mysuru. PAT stood at Rs 76m, up 12.6% YoY and 5.3% QoQ on...