Cosmo Films Ltd Q2FY18 PAT up by 120% to Rs 20.4 crores, Revenue at Rs 487.6 crores

Business Name: 
Concept Public Relations India Limited
In Rs. Crore Q2 FY 18 Q1 FY 18 %QoQ Q2 FY 17 %YoY
Net Revenue 487.6 44.3 11% 405.0 20%
EBITDA 51.1 35.3 45% 44.6 15%
PAT 20.4 9.2 120% 20.3 -
EPS (in Rs.) 10.6 4.8 120% 10.6 -

New Delhi, Nov 10, 2017: Cosmo Films Limited, a global leader in films for packaging, labelling & lamination applications and synthetic paper today declared its financial results for the second quarter ended Sep 30, 2017.

 

During Q2, FY18, sales volume increased by 26% on YoY basis (including production from new BOPP line commissioned in February 2017) and 10% on QoQ basis while speciality sale has grown at 25% on YoY basis and 5% on QoQ basis. This helped the company offset the unfavourable impact of fall in commodity film margins which further aggravated during the quarter and the pressure still persists.

 

EBITDA during the quarter includes Rs 12 crores on account of re-computation of sales tax exemption benefit post a favourable judgement in the matter.

 

Commenting on the financial performance of the company Mr. Pankaj Poddar, CEO, Cosmo Films Ltd. said, “The BOPP margins remain under pressure. We continue to focus on growing our specialty film sales and improving internal operational efficiencies, which is visible in our results. These measures will go a long way in insulating us from commodity film margin pressures and building a long-term sustainable growth”.

Contact Person: 
Kamal Kumar
Account Director
Phone: 
9350222025
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