Mold-Tek Packaging Ltd reports Q4 FY20 consolidated PAT of Rs. 8.74 crore

Mold-Tek Packaging Limited has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported net sales of Rs.106.87 crores during the period ended March 31, 2020 as compared to Rs.100.76 crores during the period ended December 31, 2019.

The company has posted net profit of Rs.8.74 crores for the period ended March 31, 2020 as against Rs.8.84 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.3.15 for the period ended March 31, 2020 as compared to Rs.3.19 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 106.87 crs	₹ 100.76 crs	6.06%
Net Profit	₹ 8.74 crs	₹ 8.84 crs	-1.13%
EPS	₹ 3.15	₹ 3.19	-1.25%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported net sales of Rs.106.87 crores during the period ended March 31, 2020 as compared to Rs.104.45 crores during the period ended March 31, 2019.

The company has posted net profit of Rs.8.74 crores for the period ended March 31, 2020 as against Rs.8.82 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.3.15 for the period ended March 31, 2020 as compared to Rs.3.19 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 106.87 crs	₹ 104.45 crs	2.32%
Net Profit	₹ 8.74 crs	₹ 8.82 crs	-0.91%
EPS	₹ 3.15	₹ 3.19	-1.25%

Financial Results (Year ended FY 2019-20) - YoY Comparison

The company has reported net sales of Rs.439.36 crores during the 12 months period ended March 31, 2020 as compared to Rs.406.84 crores during the 12 months period ended March 31, 2019.

The company has posted net profit of Rs.37.43 crores for the 12 months period ended March 31, 2020 as against Rs.31.91 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.13.51 for the 12 months period ended March 31, 2020 as compared to Rs.11.53 for the 12 months period ended March 31, 2019.

Financials	FY2019-20	FY2018-19	% Change
Total Income	₹ 439.36 crs	₹ 406.84 crs	7.99%
Net Profit	₹ 37.43 crs	₹ 31.91 crs	17.3%
EPS	₹ 13.51	₹11.53	17.17%

Commenting on future prospects: Mr. J. lakshmana Rao, Chairman and Managing Director, said that from June 2020 there is decent restart in the demand for packing products for Lubricants, Food and FMCG though it is far below normal. Paint sector is still lagging behind. The Company looking into other opportunities to widen the product range in caps, closures and pumps.

There will be a definite impact on the consumer behaviors and we are closely evaluating the evolving demand preferences. April - we could do hardly 15% only in Hyderabad; May - operations started as a lower scale; June- demand seems to be better. The Company may end up with operating loss for the first time in the last 17 years.

RAK Subsidiary

Mr. J. Lakshmana Rao, Chairman and Managing Director, said that RAK-WOS has closed down the operations at RAK and transferred the entire machinery to Parent Company. Capacities which are brought back from RAK-WOS were installed across all plants in India.

The Company has made an additional provision of Rs.286.10 lakhs towards loan granted. The Management does not foresee any further losses in the coming financial years as the operations were completely closed.

Shares of Mold-Tek Packaging Limited was last trading in BSE at Rs.194.8 as compared to the previous close of Rs. 192.75. The total number of shares traded during the day was 1597 in over 93 trades.

The stock hit an intraday high of Rs. 197.25 and intraday low of 194.45. The net turnover during the day was Rs. 313043.

Source : Equity Bulls

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