Share the post "Mold-Tek Packaging announced Financial Results Q1 2024"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 5.82 % in the past year, substantial increase in net sales/revenue by 11.22 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 48.75 %. Marginal increase in other income during this quarter, up by 236.4%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Mold-Tek Packaging Limited. Profit dropped by -11.76 % Year to Year, Mold-Tek Packaging Limited’s profitability dropped by -8.01 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -12.04 % Year to Year. EPS decreased by -8.13 % in previous quarter. Analysis needed for shareholder value.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 185.908 Cr | Rs. 176.87 Cr | Rs. 196.722 Cr | + 11.22 % | + 5.82 % |
Expenses | Rs. 150.86 Cr | Rs. 141.37 Cr | Rs. 161 Cr | + 13.89 % | + 6.72 % |
Operating Profit | Rs. 35.05 Cr | Rs. 35.5 Cr | Rs. 35.72 Cr | + 0.62 % | + 1.91 % |
OPM % | 18.85 % | 20.07 % | 18.16 % | -1.91 % | -0.69 % |
Other Income | Rs. 0.64 Cr | Rs. 0.283 Cr | Rs. 0.952 Cr | + 236.4 % | + 48.75 % |
Interest | Rs. 1.51 Cr | Rs. 2.15 Cr | Rs. 2.93 Cr | + 36.28 % | + 94.04 % |
Depreciation | Rs. 9.41 Cr | Rs. 10.03 Cr | Rs. 11.56 Cr | + 15.25 % | + 22.85 % |
Profit before tax | Rs. 24.77 Cr | Rs. 23.6 Cr | Rs. 22.18 Cr | -6.02 % | -10.46 % |
Tax % | 24.35 % | 23.87 % | 25.5 % | + 1.63 % | + 1.15 % |
Net Profit | Rs. 18.73 Cr | Rs. 17.97 Cr | Rs. 16.53 Cr | -8.01 % | -11.75 % |
EPS in Rs | Rs. 5.64 | Rs. 5.41 | Rs. 4.97 | -8.13 % | -11.88 % |
Today, we’re looking at Mold-Tek Packaging Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 5.82 %. However, it did see a marginal increase of 11.22 % from the previous quarter. Expenses ticked up slightly by 13.89 % quarter-on-quarter, aligning with the annual rise of 6.72 %. Operating profit, while up 1.91 % compared to last year, faced a quarter-on-quarter increase of 0.62 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.69 %, but a shrinkage of -1.91 % sequentially. Other income rose by 236.4 % compared to the last quarter, despite an annual growth of 48.75 %. Interest expenses surged remarkably by 36.28 % from the previous quarter, yet the year-over-year increase remains at a moderate 94.04 %. Depreciation costs climbed by 15.25 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 22.85 %. Profit before tax declined annually by -10.46 % but saw a reduction from the preceding quarter by -6.02 %.
Tax expenses as a percentage of profits increased slightly by 1.15 % compared to last year, with a more notable quarter-on-quarter increase of 1.63 %. Net profit fell by -11.75 % year-on-year but witnessed a -8.01 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -11.88 % but a quarterly fall of -8.13 %. In summary, Mold-Tek Packaging Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 185.908 Cr | Rs. 176.87 Cr | Rs. 196.722 Cr | + 11.22 % | + 5.82 % |
Expenses | Rs. 150.86 Cr | Rs. 141.37 Cr | Rs. 161 Cr | + 13.89 % | + 6.72 % |
Operating Profit | Rs. 35.05 Cr | Rs. 35.5 Cr | Rs. 35.72 Cr | + 0.62 % | + 1.91 % |
Net Profit | Rs. 18.73 Cr | Rs. 17.97 Cr | Rs. 16.53 Cr | -8.01 % | -11.75 % |
EPS in Rs | Rs. 5.64 | Rs. 5.41 | Rs. 4.97 | -8.13 % | -11.88 % |
In reviewing Mold-Tek Packaging Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.82 % year-on-year growth, however, there was a minor increase of 11.22 % from the previous quarter. Expenses rose by 6.72 % compared to the previous year, with a 13.89 % increase quarter-on-quarter. Operating Profit surged by 1.91 % annually, and saw a 0.62 % increase from the last quarter.
Net Profit showed yearly decrease of -11.75 %, and experienced a -8.01 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -11.88 % annually, however dipped by -8.13 % compared to the last quarter. In essence, while Mold-Tek Packaging Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.