The company's sales volume improved by 8.01% to 9,067 MT in the quarter ended 31 March 2023 as against 8,395 MT reported in Q4 FY22.

Profit before tax was at Rs 26.92 crore in Q4 FY23, rising 8.42% from Rs 24.83 crore recorded in the same period last year.

EBDITA increased by 11% year on year to Rs 36.44 crore during the quarter.

On full year basis, the company's net profit rose 26.38% to Rs 80.43 crore on 15.59% increase in revenue to Rs 729.92 crore in FY23 over FY22. Sales Volume jumped 16.30% YoY to 34,014 MT during the financial year ended March2023.

Mold-Tek Packaging said that overall, on a 12 month basis the Food and FMCG-pack business grew at 32.62%, Lubepack business recorded 30.71% growth and Paint-pack business registered a 5.64% growth in volumes.

In FY23, Paint Pails constitute 49.13% share of company's revenue, Lubes-Packs business is 24.62% and Food & FMCG is 26.26%. The revenues from new projects are expected to flow from next financial year. The Paint volumes should start picking up from Q1 as the busy season starts from April onwards for the paint industry, said the company.

J Lakshmana Rao said, “In FY23, company achieved excellent volume growth of 16.30% and recorded highest profits ever and poised to maintain similar or better volume growth in the near future.”

Meanwhile, the company's board has recommended a final dividend of Rs 2 per equity share for the financial year 2022-23.

Moldtek Packaging is involved in manufacturing of injection moulded decorative packaging containers, mainly pails (cylindrical containers) for paint, lube, food and other products.

Shares of Mold-Tek Packaging were up 0.42% to Rs 996.35 on the BSE.