Mold-Tek Packaging Reports Mixed Performance in Q1 FY25 Financial Results
Mold-Tek Packaging, a smallcap company in the plastic products industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, Mold-Tek Packaging has seen a negative performance in the quarter, with a score of -8 compared to -6 in the previous quarter. However, there are some positive aspects to the company’s financials. The net sales for the quarter were the highest in the last five quarters at Rs 196.72 crore, indicating a positive trend in sales. The operating profit (PBDIT) for the quarter was also the highest in the last five quarters at Rs 35.72 crore, showing a positive trend in operating profit.
On the other hand, there are some areas of concern for Mold-Tek Packaging. The interest cost for the quarter has increased by 36.28% compared to the previous quarter, indicating increased borrowings. The company’s ability to manage interest payments has also deteriorated, with the operating profit to interest ratio being the lowest in the last five quarters. The interest cost for the quarter was also the highest in the last five quarters, further highlighting the increased borrowings.
Overall, the financial results for the quarter ending June 2024 show a mixed performance for Mold-Tek Packaging. Investors should carefully consider these factors before making any investment decisions.
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