Mold-Tek Technologies Ltd

Meeting Details

• Date: 26 August 2026; venue: registered office, Hyderabad.

Key Agenda Items

• Issuance of fully paid bonus equity shares to existing shareholders.
• Recommend Final Dividend, if any, for the financial year ended 31 March 2026.
• Fix date, time and venue for 42nd AGM and approve Notice.
• Set Cut-off/Record date for Final dividend and e-voting for AGM.

Other Notes

• Meeting to consider 42nd AGM related actions including bonus issue and dividend.

Financial Performance

• Q1 FY27 revenue around Rs 61 crore.
• Q1 EBITDA margin about 19%.
• FY27 revenue guidance Rs 240–250 crore.
• FX M2M gain this quarter around Rs 1–1.2 crore.
• MES work on hand about 1.15 million; civil about 4.4 million.
• End-Q1 civil work on hand about 4.5 million vs 3.7 million year-ago.

Margins and Guidance

• Q1 EBITDA margin at 19%; target 20–23% this year.
• PAT margin target 15–16%; standalone could reach about 20%.
• FY28 target: Rs 300–350 crore with acquisition.
• Beryl standalone margin likely around 10%.

Work on Hand and Operations

• MES work on hand around 1.15 million.
• Civil work on hand around 4.4 million.
• Florida permits down about 10% due to funding shutdown.
• Data center power-distribution work presents large opportunities.

Beryl and US Acquisition Plans

• Georgia expansion: registration and Atlanta office.
• Beryl team in Georgia to grow to 15–20 by Oct/Nov.
• Acquisition: US structural design firm; 7–8 PEs; close this calendar year if possible.
• US PE hiring is difficult; acquisition preferred.
• Hillsburg County PO worth $1m; revenue spread over 12 months.
• MSA for data centers: about $1m/year; could scale to $5–$10m.
• End-to-end design pricing could be 3–5% of project cost.

Growth Outlook and Risks

• Growth depends on civil ramp and Beryl contributions.
• India market not prioritized; only exotic high-value work considered.
• Acquisition timing and integration risks remain; not guaranteed.
• Data-center opportunities are meaningful but execution risk exists.

Meeting Details

• Date and time: August 06, 2026 at 4:00 PM IST.
• Meeting type and mode: investor conference call, virtual.
• Event organizer: Mold-Tek Technologies Limited.

Participants

• Key participant: Company Secretary and Compliance Officer.

Purpose

• Purpose: discuss Q1FY27 results with investors.

Additional Notes

• Audio recording of the conference call uploaded on Mold-Tek's website.

Results and board approvals

• Board approved unaudited Standalone and Consolidated Q1 FY27 results for quarter ended 30 June 2026.
• Standalone revenue from operations ₹4,551.93 lakhs; PAT ₹1,002.71 lakhs.
• Consolidated total income ₹6,159.50 lakhs; PAT ₹900.42 lakhs.
• Consolidated EBITDA ₹1,390.72 lakhs; ROCE reached 35.6% in Q1 FY26-27.

Strategic and operational developments

• Integration of U.S. subsidiary Beryl Project Engineering LLC progressing; expanded capabilities into Regulatory Engineering Services.
• Beryl Master Purchase Order from Hillsburg County for USD 1 million; Forsyth County, Georgia expansion.
• Work-on-Hand at USD 4.50 million; expanding into additional U.S. states.
• Management evaluating another acquisition in Structural Engineering & Design in the U.S.

Outlook and commentary

• Order pipeline robust across Civil, Structural and Mechanical divisions; profitability expected to sustain.
• FY26-27 outlook: strong growth driven by diversification and onshore-offshore delivery model.

Compliance certificate

• Certificate confirms Reg 74(5) compliance for the reporting period.

Q4 FY26 results

• Q4 FY26 consolidated PAT rose to INR 2.28 crore from INR 1.62 crore loss last year.
• Q4 EBITDA improved to INR 5.52 crore from INR 42 lakh loss last year.
• Q4 revenue rose 81% year-on-year to INR 59 crore from INR 32.6 crore.
• Full-year consolidated PAT was INR 10.09 crore; standalone PAT was INR 10.57 crore.
• Full-year consolidated EBITDA was INR 19.64 crore; standalone EBITDA was INR 20 crore.
• Q4 included about INR 4 crore MTM loss from rupee depreciation.
• Beryl contributed for five months; Q4 Beryl revenue was INR 11 crore.
• Beryl Q4 loss was about INR 70 lakh, mainly due to seasonality and acquisition costs.

Business mix and outlook

• Structural design is 8%-10% of civil services; detailing remains about 90%.
• Management wants design revenue to reach 30%-40% in three to four years.
• MES auto BIW team was cut from 160 to 60 after prolonged demand weakness.
• MES auto business caused about INR 7 crore loss last year and INR 1.7-1.9 crore in Q4.
• Poles and towers work in the US is ramping up; revenue may rise to $1.5-$2 million.
• CES order book rose to about $5 million from $2.84 million last June.
• Management expects standalone engineering services EBITDA margin to improve to 15%-16%.
• FY27 top line of about INR 250 crore was described as possible.

Q&A Highlights

• Analysts asked about design versus detailing; management said design is higher-value and needs PE certification.
• Analysts asked about customer mix; management said detailing sells to fabricators, design to builders and architects.
• Analysts asked about Beryl mix; management said permitting and inspections are about 80%, design about 20%.
• Analysts asked about Beryl outsourcing; management said about 50% of work can gradually move to India.
• Analysts asked about FX losses; management said MTM losses came from forward contracts, not operating business.
• Analysts asked about hedging policy; management said hedges were earlier 100% of turnover, now lower.
• Analysts asked about Beryl retention; management said about 30% of acquisition money is locked in for three years.
• Analysts asked about the MSA with Danieli Corus; management said it could reach about $0.5 million annually.

Capex, risks and other updates

• Nashik office construction is expected to start in June and finish by FY27 end.
• Management expects Nashik to save about INR 2 crore-INR 2.5 crore annually from FY28.
• Management said AI has limited disruption risk for engineering design and detailing.
• Management said Beryl integration is progressing, with no resignations from the 40-member team.
• Management said the cancelled preferential issue was due to investor non-funding, not company distress.
• Management said there is zero debt and about INR 25 crore-INR 30 crore of deposits on the books.

Interim dividend

• Board meeting on April 20, 2026 will consider first interim dividend for FY2025-26.
• Equity shares are the affected security.
• Record date is April 24, 2026.
• Dividend is subject to Board declaration.

Board meeting

• 📌 Board meeting scheduled for April 20, 2026, to consider first interim dividend.
• 🗓️ Record date fixed as Friday, April 24, 2026.
• 💰 Dividend relates to financial year 2025-26.

Meeting Details

• Board meeting scheduled for Monday, April 20, 2026.

Key Agenda Items

• Consider declaration of first interim dividend for FY 2025-26.

Other Notes

• Record date for interim dividend eligibility fixed as Friday, April 24, 2026.
• Trading window closed from April 1, 2026 until 48 hours after audited results declaration.
• Audited financial results for quarter and year ended March 31, 2026 are referenced.