PNN
New Delhi [India], August 10: Mitsu Chem Plast Limited (Mitsu) (BSE:540078), One of the largest manufactures of Blow Molding, Injection Molding and Customized Molding, announced its unaudited Financial Results for Q1 FY24.Key Financials at a Glance:
* Total Income at Rs 79.99 Cr
* EBITDA at Rs 5.03 Cr
* EBITDA Margin is 6.31%
* PAT at Rs 1.35 Cr* EPS at Rs 1.12
Commenting on the performance, Mr. Jagdish Dedhia, Chairman of Mitsu Chem Plast Limited said, "Q1 FY24 has commenced on a stable note, and our outlook is optimistic due to India's burgeoning role as a manufacturing hub for the pharmaceutical and chemical industries. This trend is expected to drive increased demand for plastic packaging in the foreseeable future.Mitsu's distinctive competence in delivering tailored solutions, high-quality products, and punctual delivery positions us as the preferred plastic packaging partner. These attributes are anticipated to play a pivotal role in fueling our growth throughout FY24."
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