Mold-Tek Technologies Q1 Results Total ₹39.29 Crores & Operating Income ₹5.81 Crores

Mold-Tek Technologies' Q1 financial results show some important changes in their performance. For the period ending June 2024, the company earned a total revenue of ₹39.29 crores. This is a decrease of 7.00% compared to the previous quarter (QoQ), where they had revenue of ₹42.56 crores. Year-over-year (YoY), their revenue increased by 7.11% from ₹36.68 crores in the same quarter last year.

Mold-Tek Technologies’ selling, general, and administrative expenses rose to ₹26.54 crores, which is an increase of 18.08% QoQ from ₹22.46 crores in the previous quarter. YoY, these expenses grew by 12.82% compared to ₹23.52 crores last year. Depreciation and amortization expenses also increased by 41.88% QoQ, rising from ₹1.17 crores to ₹1.66 crores, and grew by 16.59% YoY from ₹1.43 crores in the previous year.

Mold-Tek Technologies’ total operating expenses were ₹33.48 crores, which is a 12.56% increase QoQ from ₹29.75 crores. YoY, this is up by 14.99% compared to ₹29.12 crores last year. The operating income dropped significantly by 54.55% QoQ, going from ₹12.80 crores to ₹5.81 crores. Year-over-year, it fell by 23.20% from ₹7.56 crores.

Mold-Tek Technologies’ net income before taxes also decreased by 48.98% QoQ and 20.09% YoY. Similarly, net income and diluted normalized EPS both fell by 48.69% and 48.79% QoQ, respectively, and 17.55% and 17.43% YoY. Overall, Mold-Tek Technologies saw a decline in profitability in the latest quarter compared to both the previous quarter and the same quarter last year.

Here's a simplified summary of Mold-Tek Technologies' Q1 financial results:

(₹ in Crores)

Source: Here 

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Mold-Tek Technologies Q1 Results

Mold-Tek Technologies Q1 Results: Mold-Tek Technologies' financial results for the quarter ending June 30, 2024, show how the company performed over this period compared to previous periods. For the quarter ending June 30, 2024, the company earned ₹3500.04 lakhs from its main operations. It also made an additional ₹114.36 lakhs from other sources, bringing the total income to ₹3614.40 lakhs. When we look at the previous quarter, ending March 31, 2024, the total income was ₹3970.85 lakhs, and for the same quarter last year, it was ₹3482.09 lakhs.

Mold-Tek Technologies’ expenses include salaries, finance costs, depreciation, and other costs. In this quarter, Mold-Tek spent ₹2431.35 lakhs on salaries, ₹20.91 lakhs on finance costs, ₹166.23 lakhs on depreciation, and ₹329.02 lakhs on other expenses, making a total expense of ₹2947.51 lakhs. In the previous quarter, the total expenses were ₹3140.27 lakhs.

After subtracting expenses from total income, Mold-Tek Technologies made a profit of ₹666.89 lakhs this quarter before taxes. After accounting for taxes, the profit for the period was ₹509.58 lakhs. The total comprehensive income, which includes all income and expenses, was ₹526.56 lakhs. The company’s earnings per share were ₹1.78 (basic) and ₹1.77 (diluted), which are lower compared to the previous quarter but indicate that the company remains profitable.

Here's a simplified summary of the unaudited standalone financial results for the quarter ended June 30, 2024:

(in Lakhs except for EPS)

Mold-Tek Technologies Stock Performance

Mold-Tek Technologies has a market cap of ₹664 crore, which shows the total value of the company based on its share price. The current price of one share is ₹232. Over the past, the highest share price was ₹370 and the lowest was ₹180. The stock's price-to-earnings (P/E) ratio is 24.8, which compares the share price to the company’s earnings. Each share has a book value of ₹42.8, indicating its net worth. The dividend yield is 1.46%, showing the return from dividends on the share price. 

Here's a summary of the financial details you provided:

Quarterly Results 

The table shows Mold-Tek Technologies' financial performance over three quarters: December 2023, March 2024, and June 2024. In these periods, the company's sales were strong but fluctuated, peaking in March 2024. Expenses increased slightly, affecting profits. Operating profit, which is the money made from core activities, dropped each quarter, indicating higher costs or lower efficiency. Other income, from non-core activities, was small but grew.

Here’s the quarterly financial data for December 2023, March 2024, and June 2024:

About Mold-Tek Technologies 

Mold-Tek Technologies Inc. is a leading company in engineering and technology solutions, part of the $400 Million Moldtek Group. Based in Cumming, Atlanta, GA, the company has been serving customers globally since it was founded in 2001. They specialize in a wide range of engineering services, including construction, Building Information Modeling (BIM), automotive Body In White (BIW), utilities, telecom, Connection Design, and Pre-Engineered Metal Buildings.

Mold-Tek Technologies’ prides itself on its strong team, which combines youthful energy with the expertise of seasoned professionals. Mold-Tek Technologies has been committed to building long-term relationships with its clients for over 22 years. They invest heavily in internal resources to support software development, ensure quality control, and provide training and analytics. This investment helps them deliver exceptional customer service and improve project outcomes.

Mold-Tek Technologies fosters a culture of continuous learning among its employees to enhance their skills and project delivery. Their main goal is to be a trusted partner in engineering projects, offering superior design and engineering solutions that meet customer needs and expectations.