Cosmo Films reports 170% increase in PAT

By 07 Aug 2019

Cosmo Films, a global leader in films for packaging, labelling and lamination applications and synthetic paper declared its financial results for the quarter ended June 2019 on 5 August.

The Cosmo Films plant

The Q1 FY20 net revenue increased 5% yoy mainly on the strength of growth of sales volume. The company achieved EBITDA of Rs 60.6-crore during the quarter due to higher speciality sales, continued improvement in operational efficiencies, improvement in US operations and better BOPP films margins.

Pankaj Poddar, CEO, Cosmo Films, said, “BOPP films margins have improved compared to the previous year, though they are yet to reach the normalised levels. In the last few quarters, Cosmo has had many successful launches, including sustainability projects (recyclable structures) with large consumer brands, improved and new versions of synthetic paper, and new varieties of label and industrial films. Going forward, the company shall continue to focus on speciality films with higher margins and lower capital expenditure yet requiring high level of research and development.”

Cosmo Films’ film offerings include bi-axially oriented polypropylene (BOPP) and cast polypropylene (CPP) films. Over the years, with engineering of innovative products and sustainability solutions, the company has been partnering with the world’s leading F&B brands, packaging and printing converters to enhance their consumer experience.

In crores

Q1 FY20

Q1 FY19

Net revenue

541.0

517.6

EBITDA

60.6

43.4

PBT

36.6

13.7

PAT

27.8

10.1

EPS (in Rs)

14.5

5.3

Tags: Cosmo Films

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