11 Dec 2019 | 1:47 AM

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COMPANYNEWS
Mold-Tek Packaging Q2 net profit up 25.69% at Rs 10.52 cr
  Mold-Tek Packaging Ltd. | 10 Dec 2019 | 04:01 PM
Published on 10-24-2019
The company reported standalone net profit of Rs 10.52 crore for the quarter ended September 30 2019 as compared to Rs 8.37 crore in the same period last year registering a year-on-year growth of 25.69 per cent.


Net revenue of the company rose moderately by 16.34 per cent at Rs 114.34 crore in July-September quarter of this fiscal as against Rs 98.28 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 15.00 per cent to Rs 93.31 crore from Rs 81.14 crore in year ago period.


Other Income dipped by 67.86 per cent at Rs 0.18 crore versus (Sep`18 Rs 0.56 crore).


Operating Profit surged by 22.64 per cent to Rs 21.02 crore as against Rs 17.14 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 5.45 per cent in September quarter.


Interest grew by 63.69 per cent y-o-y to Rs 2.57 crore while Taxation decreased by 38.60 per cent at Rs 2.64 crore (Sep`18 Rs 4.30 crore).