Mold-Tek Technologies Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Mold-Tek Technologies Ltd filed with BSE on 10 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Mold-Tek Technologies reported a sharp sequential and year-on-year jump in profitability for Q1 FY27, driven by cost reduction in the MES automobile division, higher automation-led productivity, and the absence of prior-quarter mark-to-market losses. Management said Beryl, the recently acquired US company, did not yet contribute to the bottom line during the quarter as its India-based design team was still being built. The company also described new work secured in power transmission and distribution design for US data centers and discussed plans for a possible acquisition of a US structural design firm.
Numbers mentioned
MES work on hand: 1.15 million (Q1 FY27)
p. 4
“MES work on hand is just like last year, it is about 1.15 million.”
Lakshmana Rao, page 4 of the filed PDF · View the filing
Civil work on hand: 4.4 million (Q1 FY27)
p. 4
“Whereas the civil work on hand is 4.4 million as against 2.7 million last year.”
Lakshmana Rao, page 4 of the filed PDF · View the filing
MES loss last year: 7-8 crores (FY26)
p. 6
“It was almost 7-8 crores overall year loss in MES last year.”
Lakshmana Rao, page 6 of the filed PDF · View the filing
Civil work on hand: 4.5 million (as on call date)
p. 9
“Here in civil now, we have $4.5 million work on hand as on today.”
Lakshmana Rao, page 9 of the filed PDF · View the filing
Revenue: Rs. 61 crores (Q1 FY27)
p. 10
“Yes, Rs. 250 crores is possible. 240-250 is possible because we have done around Rs. 61 crores now.”
Lakshmana Rao, page 10 of the filed PDF · View the filing
EBITDA margin last year: 11% (FY26)
p. 10
“Sorry, last year it was 11%.”
Lakshmana Rao, page 10 of the filed PDF · View the filing
Q1 profit last year: Rs. 78 lakhs (Q1 FY26)
p. 9
“Actually, we made only Rs. 78 lakhs profit and a very low EBITDA.”
Lakshmana Rao, page 9 of the filed PDF · View the filing
Beryl revenue last year: 5.4 million (FY26)
p. 20
“See, last year they did about 5.4 million in Beryl with a profitability of around 8%-9%.”
Lakshmana Rao, page 20 of the filed PDF · View the filing
FX gain: Rs. 1-1.2 crores (Q1 FY27)
p. 20
“It is about a crore. Rs. 1-1.2 crores”
Lakshmana Rao, page 20 of the filed PDF · View the filing
Power/distribution current revenue: about 2 million
p. 12
“Right now probably we are around 1.2 million. How much is our pool centre? This is 1.5 million and this is about 500. So, about 2 million now.”
Lakshmana Rao, page 12 of the filed PDF · View the filing
MES team size: 50-60 people (current)
p. 7
“But the team was 125-130 people a year ago.”
Lakshmana Rao, page 7 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Revenue — Rs. 240-250 crores · FY27
stated firmly by Lakshmana Rao
p. 10
“Yes, Rs. 250 crores is possible. 240-250 is possible because we have done around Rs. 61 crores now.”
Lakshmana Rao, page 10 of the filed PDF · View the filing
EBITDA margin — 20%-23% · FY27
stated as an aspiration by Lakshmana Rao
p. 10
“So, it should at least cross 20%-23% level.”
Lakshmana Rao, page 10 of the filed PDF · View the filing
Revenue — Rs. 300-350 crore · FY28
stated as an aspiration by Lakshmana Rao
p. 14
“Probably at least a Rs. 300-350 crore should be our target for the FY '28 along with an acquisition.”
Lakshmana Rao, page 14 of the filed PDF · View the filing
PAT margin — 15%-16%
stated as an aspiration by Lakshmana Rao
p. 16
“I will be glad to maintain this at 15%, but it can move up once Beryl starts contributing a little bit.”
Lakshmana Rao, page 16 of the filed PDF · View the filing
Beryl breakeven — break-even · Q2 FY27
stated conditionally by Lakshmana Rao
p. 5
“We are assuming that till Q2, it may break even in Q2. Beryl may break even in Q2.”
Lakshmana Rao, page 5 of the filed PDF · View the filing
Beryl bottom-line contribution — $0.5 million to $0.75 million · next financial year
stated conditionally by Lakshmana Rao
p. 6
“hopefully, if not this year, next financial year, Beryl will be in a position to add at least $0.5 million to $0.75 million to the bottom line.”
Lakshmana Rao, page 6 of the filed PDF · View the filing
Power/distribution contract revenue — a million dollar per annum · next 12 months
stated firmly by Lakshmana Rao
p. 8
“At this stage, for the next 12 months, that is starting let's say from August, it can be a million dollar per annum activity with very good margins.”
Lakshmana Rao, page 8 of the filed PDF · View the filing
Power/distribution segment opportunity — $5 million to $10 million per annum · next 2-3 years
stated as an aspiration by Lakshmana Rao
p. 9
“It will still be $5 million to $10 million per annum opportunity but with a good profit margin.”
Lakshmana Rao, page 9 of the filed PDF · View the filing
Structural design firm acquisition — within this calendar year
stated conditionally by Lakshmana Rao
p. 17
“If it happens, it can happen within this calendar year.”
Lakshmana Rao, page 17 of the filed PDF · View the filing
Beryl full-year revenue — close to 5.5 million with EBITDA margin of around 8% · FY27
stated conditionally by Lakshmana Rao
p. 20
“So, hopefully, this full year, again, they will close somewhere close to 5.5 million with a EBITDA margin of around 8%.”
Lakshmana Rao, page 20 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
MES work on hand is stable year-on-year while civil work on hand has grown significantly.
Answered by Lakshmana Rao
Asked by Kiran Gadge: What is the current MES and civil work on hand?
p. 4
“MES work on hand is just like last year, it is about 1.15 million. Whereas the civil work on hand is 4.4 million as against 2.7 million last year.”
Lakshmana Rao, page 4 of the filed PDF · View the filing
Management attributed it to MES automobile downsizing, lower software costs, and absence of prior mark-to-market losses.
Answered by Lakshmana Rao
Asked by Praneeth: What drove the cost reduction and margin improvement?
p. 4
“we have taken a call on MES division downsizing of the automobile. That is one of the major reasons for the reduction in employee cost and also other expenses like the very expensive software costs and other costs have been now reduced in MES.”
Lakshmana Rao, page 4 of the filed PDF · View the filing
Management said last year's Q1 was weak, so there was no unusual seasonality, and pointed to strong work on hand as the real indicator of sustainability.
Answered by Lakshmana Rao
Asked by Dhruv Bajaj: Why did margins beat the earlier 15% guidance in Q1?
p. 9
“Actually, last Q1 was not so good. Actually, we made only Rs. 78 lakhs profit and a very low EBITDA.”
Lakshmana Rao, page 9 of the filed PDF · View the filing
Management said it was partly a demand issue linked to a US government shutdown affecting government-funded projects.
Answered by Lakshmana Rao
Asked by Samarth Singh: Was the slowdown in Beryl's sales an internal issue or demand-related?
p. 20
“It is a little bit of demand issue to the extent that the government funding has been stopped, if you remember. The American government funding shutdown, government shutdown has happened for 4-5 months in the beginning of the year.”
Lakshmana Rao, page 20 of the filed PDF · View the filing
Management estimated current revenue at about $2 million with potential to grow 3-5x over 2-3 years.
Answered by Lakshmana Rao
Asked by Kaustav Bubna: What is the current revenue from the power/substation design business and its growth potential?
p. 12
“Yes, it can at least 3x to 5x in the next 2-3 years.”
Lakshmana Rao, page 12 of the filed PDF · View the filing
Management said only two to three years were profitable due to inconsistent project flow.
Answered by Lakshmana Rao
Asked by Praneeth: How many years was the MES division profitable over the last decade?
p. 16
“Two-three years of profitability ‘22 and ‘23 I think. ‘22-23 and ‘23-24 to some extent. Only two-three years it was profit-making MES.”
Lakshmana Rao, page 16 of the filed PDF · View the filing
Risks flagged
Beryl acquisition integration challenges and staff attrition
p. 11
“We just lost 2 out of the 38 people when we acquired. Those 2 both belong to design, unfortunately.”
Lakshmana Rao, page 11 of the filed PDF · View the filing
EV/automobile design segment remains weak with no market revival
p. 6
“But there seems to be no real turnaround for EV market as of today.”
Lakshmana Rao, page 6 of the filed PDF · View the filing
US government funding shutdown affecting Beryl's government-funded project workflow
p. 20
“So, that has an impact because these guys do more mostly government funded projects. So, they have some impact in the month from Jan to May.”
Lakshmana Rao, page 20 of the filed PDF · View the filing
Difficulty finding and training people for the new power distribution design line
p. 8
“But finding people and training people in that line is becoming challenging.”
Lakshmana Rao, page 8 of the filed PDF · View the filing
Difficulty recruiting US professional engineers to build an in-house team
p. 17
“No, building up a PE team in U.S. is next to impossible. Finding PEs who are willing to come and work to an Indian company and with a reputed 10-20 years of experience is very, very difficult.”
Lakshmana Rao, page 17 of the filed PDF · View the filing
Beryl's design team disruption impacting workflow
p. 20
“So, this year, I think, again, they will be able to sustain similar number because their workflow has impacted little bit because of the disruption in their design team which we are now building up.”
Lakshmana Rao, page 20 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.