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

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Markets will remain closed on 21st April, 2021 on account of Ram Navami.

MOLD-TEK PACKAGING Announces Quarterly Results (3QFY21); Net Profit Up 68.9%
Wed, 20 Jan

MOLD-TEK PACKAGING has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

MOLD-TEK PACKAGING Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m1,0071,1911,33512.1%32.6%
Other incomeRs m021-31.0%177.6%
TurnoverRs m1,0081,1931,33712.1%32.6%
ExpensesRs m8209331,05913.5%29.0%
Gross profitRs m1872582777.3%48.0%
DepreciationRs m495553-4.8%7.1%
InterestRs m2624255.2%-5.7%
Profit before taxRs m11218120110.8%79.3%
TaxRs m23465110.3%118.5%
Profit after taxRs m8813514911.0%68.9%
Gross profit margin%18.621.720.7
Effective tax rate%20.925.725.5
Net profit margin%8.811.311.2
* 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 32.6% on a year-on-year (YoY) basis. The expenses were up by 29.0% YoY during the same period.
  • The company's operating profit increased by 48.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.7% in 3QFY21 as against 18.6% in 3QFY20.
  • Depreciation charges increased by 7.1% and finance costs declined by 5.7% YoY, respectively.
  • Other income increased by 177.6% YoY during the quarter.
  • Net profit for the quarter increased by 68.9% YoY. Net profit margins during the quarter increased from 8.8% in 3QFY20 to 11.2% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.5% QoQ during the same period.
  • The company's operating profit increased by 7.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.7% in 3QFY21 as against 21.7% in 2QFY20.
  • Net profit for the quarter increased by 11.0% QoQ, while net profit margins declined from 11.3% in 2QFY20 to 11.2% in 3QFY21.

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

LIVE on April 23rd: Has Covid impacted India's long-term growth potential?

MOLD-TEK PACKAGING Share Price Performance

Over the last one year, MOLD-TEK PACKAGING share price has moved up from Rs 278.8 to Rs 334.2, registering a Gain of Rs 55.5 or around 19.9%.

Overall, the S&P BSE SENSEX is up 19.5% over the year.

Current Valuations

At the current price of Rs 334.2, the price to earnings (P/E) ratio of MOLD-TEK PACKAGING stands at 23.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.7 times.

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Related Views on News

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

Jan 28, 2020 | Updated on Jan 28, 2020

For the quarter ended December 2019, MOLD-TEK PACKAGING has posted a net profit of Rs 88 m (up 15.8% YoY). Sales on the other hand came in at Rs 1 bn (up 2.0% YoY). Read on for a complete analysis of MOLD-TEK PACKAGING's quarterly results.

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