Mold-Tek Packaging Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 03, 2023 at 04:20 am EDT
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Mold-Tek Packaging Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 1,847.05 million compared to INR 1,779.23 million a year ago. Revenue was INR 1,855.28 million compared to INR 1,789.75 million a year ago. Net income was INR 229.95 million compared to INR 173.17 million a year ago. Basic earnings per share from continuing operations was INR 6.94 compared to INR 5.68 a year ago. Diluted earnings per share from continuing operations was INR 6.93 compared to INR 5.41 a year ago.
For the full year, sales was INR 7,299.25 million. Revenue was INR 7,313.01 million. Net income was INR 804.31 million. Basic earnings per share from continuing operations was INR 24.4. Diluted earnings per share from continuing operations was INR 24.37.
Mold-Tek Packaging Limited is an India-based holding company. The Company is engaged in the manufacturing of injection molded containers for lubes, paints, food, and other products. It operates through the packaging containers segment. The Companyâs products include paint packaging, lubricant packs, food containers, bulk packaging, and dispenser pumps & sanitizer containers. It also offers in-mould labelling (IML) decoration and also has a heat transfer label (HTL) as well as silk screen printing. The Company offers lube containers with tamperproof flexi spouts for easy pouring and usage. It also provides bulk containers for bulk drugs, chemicals, and food. Its products also include paint pails, lubricants, twist lock packs, peanut butter packs, restaurant packs and ice cream packs. The Company is also engaged in importing and supplying pumps for various sanitizers, hand wash, soap manufacturing companies, and others. Its wholly owned subsidiary is Mold-Tek Packaging FZE, UAE.