BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
Mold-Tek Packaging Ltd.’s Q3 FY22 result was marginally lower than our estimates as price-hike taken in earlier months led to softness in demand in paint segment in a seasonally weak quarter.
However, performance of food and fast moving consumer goods segment further improved aiding overall quarterly performance.
Net sales increased by 20% YoY to Rs 1,603 million, while Ebitda came in at Rs 316 million, higher by 14.2% YoY.
Mold-Tek Packaging reported net profit of Rs 167 million, growth of 11.4% over Q3 FY21. The management remained confident to grow at 18-20% in volume as the company has received many new orders from existing as well as new clients.
Mold-Tek Packaging’s capacity addition plan at Mysore, Vizag and Kanpur for paints and a pilot plant for injection blow moulded packaging bodes well for healthy earnings growth in future.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR