Mold-Tek Packaging Limited , a leading manufacturer of plastic packaging solutions, has reported strong financial results for the first quarter, demonstrating significant growth across key metrics and segments.

Financial Highlights

• Revenue grew by 22% year-over-year
• EBITDA margin improved to 19.70% from 18.00% in the previous year
• Net profit increased by 35%
• EBITDA per kg grew by 29%

Segment Performance

Paint Segment

The paint segment emerged as a significant driver of growth, primarily supported by Aditya Birla Grasim (ABG). The company processed 5,600 tons in this segment during the quarter.

Pharma Segment

The pharma segment achieved breakeven and grew 11% compared to Q4. The company processed 190 tons in this segment and is targeting revenue of INR 35.00 crores for the current financial year, up from INR 8.00-9.00 crores last year.

Food & FMCG Segment

Despite early monsoons affecting ice cream and yogurt consumption, the Food & FMCG segment recorded 16% growth. The company processed 3,200 tons in this segment.

Lubricants Segment

The company processed 2,400 tons in the lubricants segment.

Operational Metrics

Expansion Plans

• Panipat thin wall food production is set to start in August
• Additional pharma capacity investments of INR 80.00-90.00 crores are planned
• The company expects overall volume of 43,000-45,000 tons for the full year with 12-15% value growth

Pharma Business Expansion

Multiple pharma companies, including Laurus Labs and Pulse, have approved Mold-Tek's facilities and started commercial orders. The company is expanding its pharma capacity and product range to meet growing demand.

Management Commentary

J. Lakshmana Rao, Chairman and Managing Director of Mold-Tek Packaging Limited, commented on the results during the earnings conference call: "We are very happy to inform you of an excellent performance in this quarter by Mold-Tek Packaging, where the revenues have shot up by 22%, and EBITDA margin has also shot up from 18-odd percentage last year to 19.7%. This growth was possible due to all the sectors doing very well this year."

Rao also highlighted the company's progress in the pharma segment, stating, "What is more exciting for us at Mold-Tek is the speed at which the Pharma packaging is getting adopted and approved by several major players in the pharma industry."

Future Outlook

The company remains optimistic about its growth prospects, particularly in the pharma and Food & FMCG segments. With ongoing capacity expansions and new product developments, Mold-Tek Packaging is well-positioned to capitalize on emerging opportunities in the packaging industry.

As the company continues to focus on innovation and efficiency, investors and industry observers will be watching closely to see how Mold-Tek Packaging builds on its strong start to the fiscal year.

Mold-Tek Packaging Limited , a leading packaging solutions provider, has announced impressive financial results for the first quarter, showcasing significant growth across key metrics.

Financial Highlights

• Net Profit: ₹224.00 crore, up 36% year-over-year from ₹165.00 crore
• EBITDA: ₹468.00 crore, increased from ₹357.00 crore in the previous year
• EBITDA Margin: Improved to 19.45% from 18.16% year-over-year

The company's financial performance demonstrates strong growth and improved operational efficiency in the first quarter. The substantial increase in net profit by 36% year-over-year highlights Mold-Tek Packaging's ability to enhance its bottom line despite challenging market conditions.

Operational Efficiency

The rise in EBITDA from ₹357.00 crore to ₹468.00 crore indicates the company's success in managing its operational costs effectively. This is further evidenced by the improvement in EBITDA margin, which increased from 18.16% to 19.45%, suggesting enhanced profitability and operational excellence.

Corporate Governance Update

In a move to strengthen its corporate governance practices, Mold-Tek Packaging has appointed Mr. Ashish Kumar Gaggar as the Secretarial Auditor of the company. According to the LODR (Listing Obligations and Disclosure Requirements) data:

• Mr. Gaggar has been appointed for a first term of 5 consecutive years, from the financial year 2025-26 to 2029-30.
• The appointment is subject to shareholder approval at the upcoming Annual General Meeting.
• Mr. Gaggar brings approximately 19 years of experience as a Company Secretary in Practice and is a fellow member of the Institute of Company Secretaries of India (ICSI).

This appointment underscores Mold-Tek Packaging's commitment to maintaining high standards of corporate compliance and transparency.

The robust financial performance, coupled with proactive corporate governance measures, positions Mold-Tek Packaging favorably for sustained growth in the packaging industry. Investors and stakeholders will likely view these developments positively, as they reflect the company's financial strength and commitment to best practices in corporate management.