MOLD-TEK PACKAGING Announces Quarterly Results (3QFY20); Net Profit Up 15.8%

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MOLD-TEK PACKAGING Announces Quarterly Results (3QFY20); Net Profit Up 15.8%
Tue, 28 Jan

MOLD-TEK PACKAGING has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

MOLD-TEK PACKAGING Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m9871,1441,007-11.9%2.0%
Other incomeRs m320-72.8%-84.9%
TurnoverRs m9911,1461,008-12.0%1.7%
ExpensesRs m819940820-12.8%0.2%
Gross profitRs m169203187-8.1%10.8%
DepreciationRs m4048493.1%22.0%
InterestRs m202626-0.2%34.4%
Profit before taxRs m112131112-14.7%-0.1%
TaxRs m362623-11.3%-34.2%
Profit after taxRs m7610588-15.5%15.8%
Gross profit margin%17.117.818.6
Effective tax rate%31.820.220.9
Net profit margin%7.79.18.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 2.0% on a year-on-year (YoY) basis. The expenses were up by 0.2% YoY during the same period.
  • The company's operating profit increased by 10.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.6% in 3QFY20 as against 17.1% in 3QFY19.
  • Depreciation charges increased by 22.0% and finance costs increased by 34.4% YoY, respectively.
  • Other income declined by 84.9% YoY during the quarter.
  • Net profit for the quarter increased by 15.8% YoY. Net profit margins during the quarter increased from 7.7% in 3QFY19 to 8.8% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.8% QoQ during the same period.
  • The company's operating profit declined by 8.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.6% in 3QFY20 as against 17.8% in 2QFY19.
  • Net profit for the quarter declined by 15.5% QoQ, while net profit margins declined from 9.2% in 2QFY19 to 8.8% in 3QFY20.

To see how MOLD-TEK PACKAGING has performed over the last eight quarters,please visit here.

EXPIRES TOMORROW: Full Transcript of Our Urgent Broadcast on India's Revival

MOLD-TEK PACKAGING Share Price Performance

Over the last one year,MOLD-TEK PACKAGING share price has moved up from Rs 237.7 to Rs 275.2, registering a Gain of Rs 37.5 or around 15.8%.

Overall, the S&P BSE SENSEX is up 15.2% over the year.

Current Valuations

At the current price of Rs 275.2, the price to earnings (P/E) ratio of MOLD-TEK PACKAGING stands at 20.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.0 times.

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Related Views on News

MOLD-TEK PACKAGING Announces Quarterly Results (3QFY21); Net Profit Up 68.9% (Quarterly Result Update)

Jan 20, 2021 | Updated on Jan 20, 2021

For the quarter ended December 2020, MOLD-TEK PACKAGING has posted a net profit of Rs 149 m (up 68.9% YoY). Sales on the other hand came in at Rs 1 bn (up 32.6% YoY). Read on for a complete analysis of MOLD-TEK PACKAGING's quarterly results.

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