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IDBI Capital Report
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.
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