Mold-Tek Technologies Reports Negative Financial Performance in Q1 FY25

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

According to the financial report, Mold-Tek Technol has seen a negative performance in the quarter, with a score of -13 compared to -5 in the previous quarter. However, there are some positive aspects to the company’s financials. The company’s cash and cash equivalents have increased to Rs 49.29 crore in the last six half-yearly periods, indicating an improvement in short-term liquidity.

On the other hand, there are some areas of concern for Mold-Tek Technol. The company’s profit before tax less other income (PBT) for the quarter has fallen by 35.3% compared to the average of the previous four quarters. The same trend is seen in the company’s profit after tax (PAT) which has fallen by 25.6% compared to the average of the previous four quarters. The company’s operating profit (PBDIT) for the quarter is also at its lowest in the last five quarters, indicating a negative trend in the near term. The operating profit margin has also decreased to its lowest at 19.01%, showing a decline in the company’s efficiency.

Furthermore, the company’s earnings per share (EPS) for the quarter are at its lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders. Mold-Tek Technol’s non-operating income has also increased, but it may not be sustainable in the long run.

Overall, Mold-Tek Technologies has shown a negative financial performance in the quarter ending June 2024. Investors should carefully consider these factors before making any investment decisions.