110% return in 1 year: This small cap company logs massive 450% net profit in Q3

Mold-Tek Technologies has reported a whopping 452 per cent jump in its net profit in third quarter on YoY basis. According to an exchange filing, the Hyderabad headquartered company has reported a net profit of Rs 9.20 crore as against Rs 1.66 crore in the same quarter last fiscal. Sequentially, the company's net income increased by 34 per cent.

The company has reported a total income of Rs 41.11 crore during the quarter under review as compared to Rs 24.62 crore in the corresponding period last fiscal. The total income in the preceding quarter stood at Rs 35 crore.

The company informed that it reported a total income of Rs 105.53 crore in the first 9 months of the current fiscal, an increase of 46 per cent from the first 9 months of FY22. Its net profit increased by 122 per cent to Rs 19.15 crore in the first 9 months of FY23 as against  Rs 8.59 crore in the same period last fiscal.

"Both our Civil and Mechanical divisions have given stellar performance, resulting in jump in revenues and multifold increase in profitability. The company hopes to perform well in the coming quarters," J Lakshmana Rao, Chairman and MD, Mold-Tek Technologies Limited, said.

Mold-Tek Technologies shares have yielded a multibagger return, resulting in wealth gain for its investors. In the past 6 months, the counter has delivered 80 per cent return while more than 110 per cent in the past 1 year.