13 Dec 2019 | 6:10 AM

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COMPANYNEWS
Mold-Tek Packaging Q1 net profit up 20.40% at Rs 10.86 cr
  Mold-Tek Packaging Ltd. | 12 Dec 2019 | 03:41 PM
Published on 07-25-2019
The company reported standalone net profit of Rs 10.86 crore for the quarter ended June 30 2019 as compared to Rs 9.02 crore in the same period last year registering a year-on-year growth of 20.40 per cent.


Net revenue of the company rose moderately by 17.05 per cent at Rs 115.89 crore in April-June quarter of this fiscal as against Rs 99.01 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 18.09 per cent to Rs 95.55 crore from Rs 80.91 crore in year ago period.


Other Income grew by 93.62 per cent at Rs 0.91 crore versus (Jun`18 Rs 0.47 crore).


Operating Profit surged by 12.38 per cent to Rs 20.34 crore as against Rs 18.10 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 3.99 per cent in June quarter.


Interest grew by 59.33 per cent y-o-y to Rs 2.39 crore while Taxation decreased by 25.64 per cent at Rs 3.48 crore (Jun`18 Rs 4.68 crore).