{"id":18872,"date":"2023-01-30T11:58:48","date_gmt":"2023-01-30T11:58:48","guid":{"rendered":"https:\/\/financialtelegraph.in\/index.php\/2023\/01\/30\/mold-tek-technologies-limited-announces-q3-2022-23-pat-up-by-5-5-times-from-1-67-cr-in-q3-2021-22-to-9-21-cr\/"},"modified":"2023-01-30T11:58:48","modified_gmt":"2023-01-30T11:58:48","slug":"mold-tek-technologies-limited-announces-q3-2022-23-pat-up-by-5-5-times-from-1-67-cr-in-q3-2021-22-to-9-21-cr","status":"publish","type":"post","link":"https:\/\/financialtelegraph.in\/index.php\/2023\/01\/30\/mold-tek-technologies-limited-announces-q3-2022-23-pat-up-by-5-5-times-from-1-67-cr-in-q3-2021-22-to-9-21-cr\/","title":{"rendered":"MOLD-TEK TECHNOLOGIES LIMITED Announces Q3 2022-23, PAT up by 5.5 times from ` 1.67 Cr in Q3 2021-22 to `9.21 Cr"},"content":{"rendered":"
\"\"<\/div>\n

PAT up by 5.5 times from ` 1.67 Cr in Q3 2021-22 to ` 9.21 Cr in Q3 2022-23 Consolidated Profit after Tax 9M on 9M up by 122.96% Consolidated Sales 9M on 9M up by 48.98%<\/p>\n

Hyderabad (Telangana) [India], January 30<\/strong>: <\/strong>Mold-Tek Technologies Limited,\u00a0KPO in Structural Engineering and Designing services\u00a0posted\u00a0excellent\u00a0financial\u00a0results for the\u00a0Quarter\u00a0and Nine months\u00a0ended\u00a031st\u00a0December\u00a02022\u00a0in the Board Meeting dated\u00a030th\u00a0January\u00a02023\u00a0as follows.<\/p>\n

Consolidated results for\u00a0the\u00a0Quarter\u00a0and Nine Months Ended\u00a031st\u00a0December\u00a02022.<\/p>\n

Performance Highlights of 9M to 9M<\/p>\n\n\n\n
\u2713\u00a0Revenue\u00a0`\u00a010439.63\u00a0Lakhs (FY 21-22\u00a09M:\u00a0`\u00a07007.55\u00a0Lakhs) up\u00a0by 48.98%<\/p>\n

\u2713\u00a0PAT\u00a0`\u00a01915.60\u00a0Lakhs (FY 21-22\u00a09M:\u00a0`\u00a0859.18\u00a0Lakhs) up by\u00a0122.96%<\/p>\n

\u2713\u00a0EBIDTA\u00a0`\u00a02949.72\u00a0Lakhs (FY\u00a021-22\u00a09M:\u00a0`\u00a01528.82\u00a0Lakhs)\u00a0up\u00a0by 92.94%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Performance Highlights of Q3 to Q3<\/p>\n\n\n\n
\u2713\u00a0Revenue\u00a0\u20b9\u00a04072.81\u00a0Lakhs\u00a0(FY 21-22\u00a0Q3:\u00a0\u20b9\u00a02383.85\u00a0Lakhs) up\u00a0by\u00a070.85%<\/p>\n

\u2713\u00a0PAT\u00a0\u20b9\u00a0920.96\u00a0Lakhs (FY\u00a021-22\u00a0Q3:\u00a0\u20b9\u00a0166.68\u00a0Lakhs)\u00a0up by 452.53%<\/p>\n

\u2713\u00a0EBIDTA\u00a0\u20b9\u00a01358.18\u00a0Lakhs (FY\u00a021-22\u00a0Q3:\u00a0\u20b9\u00a0339.69\u00a0Lakhs)\u00a0up\u00a0by\u00a0299.83%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This impressive performance is achieved through\u00a0increase in\u00a0revenues,\u00a0improving Operational efficiency by implementing strong internal quality and cost controls.<\/p>\n

Performance in Q3 & 9M FY 2022-23:<\/strong><\/p>\n

Both our Civil and Mechanical divisions have given stellar performance in Q3 resulting in jump in revenues and multifold increase in profitability.\u00a0With good work on hand in Civil and Mechanical divisions and improved efficiencies, Company hopes to perform well in the coming quarters.\u00a0<\/strong><\/p>\n

Future Prospects:\u00a0Mechanical Division<\/strong><\/p>\n

Mold-Tek Technologies Limited established engineering services capabilities for Electric vehicles\u00a0by executing BIW orders for a\u00a0leading EV manufacturers way back in 2019-20. This experience is now very helpful in presenting our Company as the experienced design house for Automobile Tier 1 and Tier 2 companies in Europe and North America.<\/p>\n

The company is expecting\u00a0demand for design services\u00a0from Automobile clients\u00a0to go up significantly.\u00a0We are focusing on\u00a0Electric Vehicles domain\u00a0and our association with the Tier 1 and 2 clients has contributed to the Mechanical division\u00a0growth\u00a0in\u00a0last few quarters.\u00a0In the upcoming quarters we are taking measures to increase the capacity both in-house and also through sub-contract to execute more number of orders we are receiving from clients in Europe and Mexico.\u00a0We are also entering\u00a0few other domains in Mechanical division.\u00a0We are actively exploring US Opportunities for Mechanical Division, if fruitful that can fuel further growth in this division.\u00a0The\u00a0work on hand as on 1stJan 2023 for\u00a0Mechanical\u00a0Division\u00a0has increased many\u00a0folds\u00a0compared to\u00a0the\u00a0same\u00a0last year.\u00a0With the boom in EV automobiles and launching of several new models\u00a0future\u00a0looks very bright for our Mechanical division.\u00a0While Mechanical\u00a0division\u00a0has made losses till Q1 2022-23\u00a0it turned around strongly with Division Profitability of $ 142K in Q2 and $ 254K in Q3.\u00a0Future performance is expected to be better with increase in order flow.<\/p>\n

Company is also in the lookout for acquisitions in the field of Connection Design, Structural designing engineering and Mechanical engineering to expand its operations in USA.<\/p>\n

Future Prospects \u2013 Civil and Structural Division:<\/strong><\/p>\n

Fixed Teams billing increased and we are expecting even more Fixed Team clients in Civil division to increase the performance. There is a considerable work on hand and hoping the trend to continue in coming quarters. The work on hand for Civil division compared to last year 31st\u00a0December has increased by 37%. Improved quality with timely execution has resulted in Tier 1 clients offering larger projects with good hourly rates. Company is expecting new clients in Fixed teams and Precast Concrete design\/detailing services which has good growth prospects.<\/p>\n

Connection design and member design capacities have been created and company hope to enhance its revenues and profitability with this entry into high value engineering services.<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"

PAT up by 5.5 times from ` 1.67 Cr in Q3 2021-22 to ` 9.21 Cr in Q3 2022-23 Consolidated Profit after Tax 9M on 9M up by 122.96% Consolidated … Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":18873,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[448],"class_list":["post-18872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","entry"],"_links":{"self":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/18872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/comments?post=18872"}],"version-history":[{"count":0,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/18872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media\/18873"}],"wp:attachment":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media?parent=18872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/categories?post=18872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/tags?post=18872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}