Mold-Tek Packaging Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 07, 2023 at 03:57 am EST
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Mold-Tek Packaging Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 1,704.12 million compared to INR 1,825.52 million a year ago. Revenue was INR 1,709.2 million compared to INR 1,827.39 million a year ago. Net income was INR 156.89 million compared to INR 194.16 million a year ago. Basic earnings per share from continuing operations was INR 4.73 compared to INR 5.86 a year ago. Diluted earnings per share from continuing operations was INR 4.72 compared to INR 5.85 a year ago.
For the six months, sales was INR 3,563.19 million compared to INR 3,903.87 million a year ago. Revenue was INR 3,574.67 million compared to INR 3,906.27 million a year ago. Net income was INR 344.21 million compared to INR 411.25 million a year ago. Basic earnings per share from continuing operations was INR 10.38 compared to INR 12.54 a year ago. Diluted earnings per share from continuing operations was INR 10.36 compared to INR 12.52 a year ago.
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.