Mold-Tek Packaging 2QFY16 results:
Net Sales: Rs. 638 mm, -19% yoy, -14% qoq Operating Expense: Rs. 538 mn, -21% yoy, -14% qoq. The fall in net sales is due to fall in crude prices which has impacted Poly Propylene, a key raw material.
EBITDA: Rs. 99.5 mn, -10% yoy & qoq. EBITDA margin at 16% in 2QFY16 vs 14% in 1QFY15. Margin expansion was due to higher share of IML products.
IML products share was 40% in this qtr vs 28% in 2QFY15. PAT was at Rs. 51 mn, up 13% yoy and -10% qoq.
1HFY16 results: Net sales: Rs 1375 mn, -13%, EBITDA: Rs. 210 mn, up 2%. EBITDA margin at 15% vs 14% last year, Interest cost at Rs. 6 mn, down 86%. PAT at Rs. 108 mn, up 29%
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