Mold-Tek Packaging Ltd.

NSE: MOLDTKPAC | BSE: 533080 | ISIN: INE893J01029 | Industry: Containers & Packaging
| Expensive Star
993.15 37.60 (3.93%)
NSE Aug 18, 2022 15:31 PM
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Rapid Results Alerts
Mold-Tek Packaging Ltd.    
27 Jul 2022

Mold-Tek Packaging Announced Q1FY23 Result :

  • Sales Up by 55% & Pat Up by 80%
  • Huge Capex Of Rs 125 Cr. planned In F. Y. 22-23
  • Net Revenue up by 55.41% Q1 on Q1 and up by 16.81% Q1 on Q4 of FY22
  • EPS up by 54.82% Q1 on Q1 and up by 17.81% Q1 on Q4 of FY22
  • Volume up by 51.17% Q1 on Q1 and up by 7.64% Q1 on Q4 of FY22
  • EBIDTA Up by 46.84% Q1 on Q1 and up by 13.59% Q1 on Q4 of FY22
  • PAT Up by 79.68% Q1 on Q1 and up by 25.36% Q1 on Q4 of FY22
  • Revenue from operations increased by 55.41% to Rs  207.8 crores from Rs 133.7crores and the volume growth is around 51.17%. EBDIT for the quarter increased by 46.84 % to Rs  37.3 crores from Rs 25.40 crores. PAT increased by 79.68% to Rs 21.71 crores as compared to Rs 12.08 crores in the previous corresponding period.

Commenting on the Company's performance for 01 of FY 23. Mr. J. LAKSHMANA Rao. Chairman & Managing Director. said that: In this quarter our all business segments recorded stellar revenue growth. The volume and PAT registered in the quarter are the highest in the history of the Company. While the persistent inflationary environment continued to impact the gross margins, we delivered healthy operating margins with strong push on our IML packs and driving further operational efficiencies across all business segments. We recognize the importance of continued innovation in packaging products to cater the needs of various customers. As part of our efforts, we have been continuously working towards enhancing the utility of our existing products and create new packaging solutions.

I am glad to see major FMCG and Food companies are opening up new IML product development activities for some of their major brands, after a gap of 2 years of Covid.

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