Stock Report

Mold-Tek Technologies Ltd Q1FY22 consolidated PAT at Rs. 3.26 crore



Posted On : 2021-07-20 18:33:49( TIMEZONE : IST )

Mold-Tek Technologies Ltd Q1FY22 consolidated PAT at Rs. 3.26 crore

MOLD-TEK TECHNOLOGIES LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.22.80 crores during the period ended June 30, 2021 as compared to Rs.24.26 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.3.26 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.3.66 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.1.16 for the period ended June 30, 2021 as compared to Rs.1.31 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 22.80 crs₹ 24.26 crsDown Tick -6.02%
Net Profit₹ 3.26 crs₹ 3.66 crsDown Tick -10.93%
EPS₹ 1.16₹ 1.31Down Tick -11.45%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.22.80 crores during the period ended June 30, 2021 as compared to Rs.21.31 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.3.26 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.2.05 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.1.16 for the period ended June 30, 2021 as compared to Rs.0.74 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 22.80 crs₹ 21.31 crsUp Tick 6.99%
Net Profit₹ 3.26 crs₹ 2.05 crsUp Tick 59.02%
EPS₹ 1.16₹ 0.74Up Tick 56.76%

This Quarter started very well for Civil and Structural Engineering Services with the considerable increase in revenues compared to previous Quarters. June 2021 was the best month for Civil and Structural Engineering Services by achieving one million sales revenue.

USA market was doing better during this quarter and we received good number of orders and bigger projects compared to previous Quarters. We brought back one of our old customer which is expected to be one million worth of detailing scope.

Mechanical Engineering Services (MES) continue 10 focus on Automotive and Hi Tech engineering verticals in both Europe and American regions has developed strong sales funnel as well as good customer base. We are expecting high volume automotive projects in Europe region to ensure the stable and continuous growth in Mechanical Engineering Services. We are also exploring USA markets more vigorously for MES opportunities and expect improved sales in MES in the current FY.

Shares of MOLD-TEK TECHNOLOGIES LTD. was last trading in BSE at Rs.97.8 as compared to the previous close of Rs. 99.15. The total number of shares traded during the day was 10249 in over 154 trades.

The stock hit an intraday high of Rs. 102.9 and intraday low of 94.2. The net turnover during the day was Rs. 992184.

Source : Equity Bulls

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