Mold-Tek Packaging shares surge as Q2 FY27 profit rises 35 per cent
The company reported a profit after tax of Rs 21 crore for the second quarter of the fiscal year.
Shares of Mold-Tek Packaging rose as much as 16.84 per cent to an intraday high of Rs 318.80 on the NSE after the company announced its Q2 FY27 financial results, according to The Economic Times.
The company reported a 35.5 per cent year-on-year increase in profit after tax to Rs 21 crore, up from Rs 15.5 crore in the same quarter of the previous fiscal year.
Revenue from operations grew 30.5 per cent year-on-year to Rs 274 crore, compared to Rs 210 crore in the year-ago period.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 27.7 per cent to Rs 50.3 crore from Rs 39.4 crore a year earlier, though the EBITDA margin decreased to 18.3 per cent from 18.8 per cent.
Chairman and Managing Director J. Lakshmana Rao said the firm achieved robust results in its pharmaceutical business even with difficult operating environments. He noted that rising raw material prices and geopolitical disruptions caused material availability constraints, but the company passed these costs to customers through pre-agreed pricing to protect margins.
The company plans to start commercial production of IODEX containers from Q3 FY27 and expects new packaging products for three multinational companies to contribute to revenue from Q4 FY27.