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Mold-Tek Packaging Ltd Q1FY22 consolidated PAT slips QoQ to Rs. 12.08 crore



Posted On : 2021-07-28 16:53:03( TIMEZONE : IST )

Mold-Tek Packaging Ltd Q1FY22 consolidated PAT slips QoQ to Rs. 12.08 crore

Mold-Tek Packaging Limited has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.133.84 crores during the period ended June 30, 2021 as compared to Rs.161.46 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.12.08 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.18.04 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.4.05 for the period ended June 30, 2021 as compared to Rs.5.89 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 133.84 crs₹ 161.46 crsDown Tick -17.11%
Net Profit₹ 12.08 crs₹ 18.04 crsDown Tick -33.04%
EPS₹ 4.05₹ 5.89Down Tick -31.24%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.133.84 crores during the period ended June 30, 2021 as compared to Rs.65.43 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.12.08 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.1.51 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.4.05 for the period ended June 30, 2021 as compared to Rs.0.52 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 133.84 crs₹ 65.43 crsUp Tick 104.55%
Net Profit₹ 12.08 crs₹ 1.51 crsUp Tick 700%
EPS₹ 4.05₹ 0.52Up Tick 678.85%

Commenting on the Company's performance for Q1 FY2021-22, Mr. Lakshmana Rao, Chairman & Managing Director, Mold-Tek Packaging Limited said that: In spite of Covid -19 second wave in Q1 of FY 22 the Company could delivered excellent results owing to better product mix and sustained demand.

"The Paints sector business more than doubled as they achieved stellar revenues over the lower base of last year due to first nationwide lockdown. Our business registered strong growth in value and volume in comparison to Q1 FY 21, indicative of a strong growth trajectory. The Lubes business also doubled on last year's lower base. Pumps division started contributing to the revenues in this quarter. It is a resilient performance across all business segments despite the challenges posed by the second Covid wave, which disrupted business continuity from the second fortnight of April 2021. We registered strong growths in April 2021 and a robust rebound in June 2021, post May 2021 which was impacted in a big way.

In Q1 of FY22 in spite of severe impact of Covid-19 second wave, revenues grew 104% compared to Q1 of fy 20-21 PAT grew by a stellar 670%. However when compared to Q4 of FY21 the revenues are down by 17% and PAT down by 33%.

Shares of Mold-Tek Packaging Limited was last trading in BSE at Rs. 507 as compared to the previous close of Rs. 509.85. The total number of shares traded during the day was 18079 in over 1719 trades.

The stock hit an intraday high of Rs. 532.1 and intraday low of 503.05. The net turnover during the day was Rs. 9327424.

Source : Equity Bulls

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