Mold-Tek Technologies Reports Flat Performance in Q2 2024, Net Sales Reach Highest in 5 Quarters

Mold-Tek Technologies, a microcap engineering company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Mold-Tek Technol has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been a slight improvement in the company's score, which has gone from -13 to -1 in the last three months.

One of the positive aspects of Mold-Tek Technol's financials is its net sales, which have been the highest in the last five quarters at Rs 43.08 crore. The company's sales trend in the near term is also positive. Additionally, the Profit Before Tax less Other Income (PBT) has shown a growth of 26.5% compared to the average PBT of the previous four quarters, which was Rs 8.22 crore. The near term trend for PBT is also positive.

However, there are some areas that need improvement for Mold-Tek Technol. The Profit After Tax (PAT) for the nine-month period has shown a decline of -20.07% year on year, which is a cause for concern. The near term trend for PAT is also negative. Another area of concern is the Dividend Payout Ratio (DPR), which is at its lowest in the last five years at 20.39%. This indicates that the company is distributing a lower proportion of its profits as dividends.

Overall, Mold-Tek Technologies has shown a mixed performance in the recent quarter. Investors should carefully consider these financials before making any investment decisions.