ECONOMY

Mold-Tek Packaging Q4 Review – Healthy Sales Volume Growth Aided Quarterly Performance: IDBI Capital

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.

Mold-Tek Packaging Ltd.’s Q4FY21 result was better than our estimates on key parameters.

Strong sales volume growth and higher net sales realisation (on account of increased raw material prices) supported net sales, while higher share of in-mold labelling products in total volume led to Ebitda margin expansion.

Net sales increased by 51.2% YoY to Rs 1,610 million, while Ebitda came in at Rs 320 million, higher by 75% YoY.

The company reported net profit of Rs 181 million, growth of 106.1% over Q4 FY20.

The management remained confident to keep the earnings growth momentum once pandemic situation comes under control.

Click on the attachment to read the full report:

IDBI Capital Mold-Tek Packaging Q4FY21 Results Update.pdf

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.

Most Related Links :
usnewsmail Governmental News Finance News

Source link

Back to top button