Containers & Packaging company Mold-Tek Packaging announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Sales Volume grew by 0.05% to 9,071 MT from 9,067 MT in FY 2023
- Revenue decreased by 4.24% to Rs 176.87 crore from Rs 184.7 crore in Q4FY23
- EBDITA for the quarter decreased marginally by 1.79% to Rs 35.78 crore from Rs 36.44 crore in Q4FY23.
- However, Profit before tax decreased by 12.32% to Rs 23.60 crore from Rs 26.92 crore in Q4FY23 due to higher depreciation and finance costs.
- Net Profit decreased by 21.86% to Rs 17.97 crore as compared to Rs 22.99 crore in the previous corresponding period of previous year.
FY24 Financial Highlights:
- Sales Volume increased by 4.84% to 35,661 MT from 34,014 MT in FY 2023
- Revenue decreased by 4.28% to Rs 698.65 crore from Rs 729.93 crore in the previous FY23 average Raw material prices decreased by 12%.
- EBDITA for the period decreased by 1.72% to Rs 134.47 crore from Rs 136.82 crore.
- Profit before Tax decreased by 13.72% to Rs 88.63 crore as compared to Rs 102.72 crore.
- Net Profit decreased by 17.21% to Rs 66.59 crore from Rs 80.43 crore in the corresponding period of previous year.