Q1 2025 Mold-Tek Packaging Ltd Earnings Call Transcript
Key Points
- Mold-tek Packaging Ltd (BOM:533080) reported a 7.5% year-over-year growth in volumes for Q1 FY25.
- EBITDA grew by 2.77% compared to Q1 of the previous year.
- The company has successfully commenced commercial production at three new plants in Cheyyar, Panipat, and Sultanpur Hyderabad.
- The Food & FMCG segment saw a robust 24% growth compared to the previous quarter.
- The company is optimistic about future growth in the pharma and ABG segments, with several major clients already approving their premises.
- EBITDA per kg has decreased due to the capitalization of costs during the project phase now being expensed.
- The new plants are currently operating at only 15% to 25% capacity utilization.
- The tin packs segment experienced lower growth due to competition from smaller players and supply chain issues.
- The company faces intense competition in the ice cream packaging sector, impacting its market share.
- Raw material costs have increased, affecting the gross profit per kg.
Ladies and gentlemen, good day, and welcome to the earnings conference call for Q1 FY25 results with the management of Mold-Tek Packaging Limited conference call hosted by Nirmal Bang Securities Pvt. Ltd. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Abhishek Navalgund from Nirmal Bang Equities. Thank you, and over to you, sir.
Thank you, Shivangi. Hello, everyone. On behalf of Nirmal Bang Institutional Equities, I welcome you all to Mold-Tek Packaging 1Q FY25 earnings conference call. We have with us Mr. Lakshmana Rao, the Chairman and Managing Director of the company; along with the entire finance team. Without further ado, I request Lakshmana, sir, to start with his opening comments, post which we can open the floor for question and answers. Thank you, and over to you, sir.
Good afternoon, everybody.
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