Mold-Tek Packaging Limited
2,854words
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Key numbers — 31 extracted
rs,
1.81 %
9200 MT
9036 MT
4%
35.67 crore
37.29 crore
RS,
rs
1
1.81%
2%
36.44 crore
Guidance — 2 items
Corporate Office
opening
“Construction of these plants has been commenced and Panipat will be ready in December, 2023 and Cheyyar plant will be operational by early 2024.”
Corporate Office
opening
“However full impact 3 plants of ABG and pharma packaging will be reflected from next year on a considerable scale.”
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Risks & concerns — 1 flagged
Further, there is a steep fall in raw materials which put stress on margins due to drop in inventory valuation.
— Notes
Speaking time
2
1
1
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Opening remarks
Corporate Office
Plot # 700, Road No. 36, Jubilee Hills, Hyderabad - 500 033, Telangana, INDIA. Phone: +91-40-40300300, Fax: +91-40-40300328, E-mai I: ir@moldtekindia.com Website: www.moldtekgroup.com CIN No: L21 022TG1997PLC026542 MOLO-TEK Packaging limited (Formerly known as Moldtek Plastics Ltd.) The detailed press release pertaining to the' financial results is also enclosed herewith for your record. Thanking you, FOR MOLD-TEK PACKAGING LIMITED v~~ J. Lakshmana Rao (Chairman & Managing Director) DIN: 00649702 End: ala
Corporate Office
Plot # 700, Road No. 36, Jubilee Hills, Hyderabad - 500 033, Telangana, INDIA. Phone : +91-40-40300300, Fax: +91 -40-40300328, E-mai I: ir@moldtekindia.com Website : www.moldtekgroup.com CIN No: L21022TG1997PLC026542 M.ANANDAM & CO., CHARTERED ACCOUNTANTS Independent Auditor's Review Report on the Quarterly Unaudited Financial Results of the Mold-Tek Packaging limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Review Report to the Board of Directors Mold-Tek Packaging Limited We have reviewed the accompanying Statement of Unaudited Financial Results of Mold-Tek Packaging Limited (the "Company") for the Quarter ended 30th June, 2023 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). This statement is the responsibility of the company's Mana
Notes
1 The above results for the quarter ended 30 June, 2023 were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meeting held on 4 August, 2023. 2 3 The Company has only one reportable segment as per the requirements of Ind AS 108 "Operating Segments". This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 4 Comparative figures have been regrouped/reclassified to conform to the current period's/year's presentation . Hyderabad 4 August, 2023 . , MOLD-TEK Packaging limited (Formerly known as Moldtek Plastics Ltd.) PRESS RELEASE MOLDTEK PACKAGING LIMITED Highlights: 01 FY'2024 .:. Sales Volume up by 1.81% to 9200 MT from 9036 MT . • :. EBDITA for the quarter dip by 4% to ~35.67 crores from ~37.29 crores Quarterly Performance (Q4 FY23 vs Q1 FY24) EBDITA for the quarter dip by 2% to ~35.67 crores from ~36.44 crores • Sales Volume improved by 1.47% to 9200 MT from 9067 MT • • Net Profi
Corporate Office
Plot # 700, Road No. 36, Jubilee Hills, Hyderabad - 500 033, Telangana, INDIA. Phone : +91-40-40300300, Fax : +91-40-40300328, E-mai I: ir@moldtekindia.com Website : www.moldtekgroup.com CIN No: L21022TG1997PLC026542 Continution Sheet No , . Post Covid in 01 of last FY all segments of the Company showed high growth rates due to low base effect of FY21-22. In spite of sharp drop in sales of Ice cream and Dairy segments due to sharp rise in O-Pack sales, Company could register 36% growth in Food and FMCG though down from 53% growth recorded in last 01 (over 01 of FY22). Status of New Plants for ABG: Company has acquired land at 11210 Square Meters at Cheyyar and 7875 Square Meters at Panipat for setting up of 2 new manufacturing plants for Aditya Birla Group. Construction of these plants has been commenced and Panipat will be ready in December, 2023 and Cheyyar plant will be operational by early 2024. Company has applied for land at Mahad, Maharashtra for ABG. These plants are focused fo
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