Share the post "Mold-Tek Technologies Ltd’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales decreased by 0.74 % in YoY and increased by 1.18 % in QoQ"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -0.74 % over the year, substantial increase in net sales/revenue by 1.18 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -12.68 %, Marginal increase in other income during this quarter, up by 100%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Mold-Tek Technologies Ltd. Profit dropped by -36.5 % Year to Year, Mold-Tek Technologies Ltd’s profitability dropped by -8.44 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -36.87 % Year to Year. EPS decreased by -8.5 % 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. 42.558 Cr | Rs. 41.752 Cr | Rs. 42.244 Cr | + 1.18 % | -0.74 % |
| Expenses | Rs. 28.59 Cr | Rs. 30.71 Cr | Rs. 32.7 Cr | + 6.48 % | + 14.38 % |
| Operating Profit | Rs. 13.97 Cr | Rs. 11.04 Cr | Rs. 9.54 Cr | -13.59 % | -31.71 % |
| OPM % | 32.83 % | 26.44 % | 22.58 % | -3.86 % | -10.25 % |
| Other Income | Rs. 0.71 Cr | Rs. 0.31 Cr | Rs. 0.62 Cr | + 100 % | -12.68 % |
| Interest | Rs. 0.27 Cr | Rs. 0.31 Cr | Rs. 0.21 Cr | -32.26 % | -22.22 % |
| Depreciation | Rs. 1.17 Cr | Rs. 1.67 Cr | Rs. 1.66 Cr | -0.6 % | + 41.88 % |
| Profit before tax | Rs. 13.24 Cr | Rs. 9.37 Cr | Rs. 8.29 Cr | -11.53 % | -37.39 % |
| Tax % | 23.68 % | 25.23 % | 22.65 % | -2.58 % | -1.03 % |
| Net Profit | Rs. 10.11 Cr | Rs. 7.01 Cr | Rs. 6.42 Cr | -8.42 % | -36.5 % |
| EPS in Rs | Rs. 3.58 | Rs. 2.47 | Rs. 2.26 | -8.5 % | -36.87 % |
Today, we’re looking at Mold-Tek Technologies Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -0.74 %. However, it did see a marginal increase of 1.18 % from the previous quarter. Expenses ticked up slightly by 6.48 % quarter-on-quarter, aligning with the annual rise of 14.38 %. Operating profit, while down -31.71 % compared to last year, faced a quarter-on-quarter dip of -13.59 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -10.25 %, but a shrinkage of -3.86 % sequentially. Other income rose by 100 % compared to the last quarter, despite an annual decline of -12.68 %. Interest expenses dropped significantly by -32.26 % from the previous quarter, yet the year-over-year decrease remains at a moderate -22.22 %. Depreciation costs fell by -0.6 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 41.88 %. Profit before tax declined annually by -37.39 % but saw a reduction from the preceding quarter by -11.53 %.
Tax expenses as a percentage of profits decreased slightly by -1.03 % compared to last year, with a more notable quarter-on-quarter decrease of -2.58 %. Net profit fell by -36.5 % year-on-year but witnessed a -8.42 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -36.87 % but a quarterly fall of -8.5 %. In summary, Mold-Tek Technologies Ltd’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. 42.558 Cr | Rs. 41.752 Cr | Rs. 42.244 Cr | + 1.18 % | -0.74 % |
| Expenses | Rs. 28.59 Cr | Rs. 30.71 Cr | Rs. 32.7 Cr | + 6.48 % | + 14.38 % |
| Operating Profit | Rs. 13.97 Cr | Rs. 11.04 Cr | Rs. 9.54 Cr | -13.59 % | -31.71 % |
| Net Profit | Rs. 10.11 Cr | Rs. 7.01 Cr | Rs. 6.42 Cr | -8.42 % | -36.5 % |
| EPS in Rs | Rs. 3.58 | Rs. 2.47 | Rs. 2.26 | -8.5 % | -36.87 % |
In reviewing Mold-Tek Technologies Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -0.74 % year-on-year, however, there was a minor increase of 1.18 % from the previous quarter. Expenses rose by 14.38 % compared to the previous year, with a 6.48 % increase quarter-on-quarter. Operating Profit dropped by -31.71 % annually, and saw a -13.59 % decrease from the last quarter.
Net Profit showed yearly decrease of -36.5 %, and experienced a -8.42 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -36.87 % annually, however dipped by -8.5 % compared to the last quarter. In essence, while Mold-Tek Technologies Ltd faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
