Q3 2024 Mold-Tek Packaging Ltd Earnings Call Transcript
Key Points
- Q3 sales volumes increased by 14%, marking the first double-digit volume growth this year.
- Commercial supplies to Aditya Birla Group (ABG) have started, with significant growth expected in the paint segment.
- New products for Asian Paints are set to launch, potentially adding 12% to 14% growth in the paint segment.
- Pharma packaging segment shows promise with unique in-mold labeling (IML) solutions and single-piece canisters.
- Expansion plans include adding balancing equipment to achieve better capacity utilization in FY '24-'25.
- EBITDA growth was only 5.23%, lagging behind the volume growth.
- Net profit decreased by approximately 13% due to increased depreciation and financial costs.
- Paint segment volumes have remained sluggish over the last six quarters.
- EBITDA per kg has decreased from INR40-42 to INR35-38 this year.
- High overhead costs due to staffing and training for new plants have impacted profitability.
Ladies and gentlemen, good day, and welcome to the Mold-Tek Packaging 3Q FY '24 Earnings Conference Call hosted by Nirmal Bang Equities Private Limited. (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.
Thanks, Sagar. Hello, everyone. On behalf of Nirmal Bang Institutional Equities, I welcome you all to Mold-Tek Packaging 3Q FY24 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 Lakshman 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 evening, Abhishek, and good evening participants. Thank you very much
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