Cosmo Films reports 184% increase in quarterly PAT

In Rs. Crores	Q2FY20	Q2 FY19
Net Revenue	555.9	531.4
EBITDA	64.5	43.2
PBT	37.7	13.7
PAT	28.7	10.1
EPS (in Rs.)	15.0	5.3

 Cosmo Films Limited, a global leader in films for packaging, labeling & lamination applications and synthetic paper today declared its financial results for the quarter ended Sept, 2019.

Q2 FY20 net revenue increased 5% YOY mainly on account of growth in sales volumes. The company achieved EBITDA of Rs. 64.5 crores during the quarter. Higher speciality sales (up 14%), increased sales volumes, improvement in US operations and better BOPP film margins contributed to an improved EBITDA.

The company has started to upgrade one of its largest BOPP film line into a speciality film line, which is expected to be completed by H1, FY21. This will facilitate further growth of speciality films.

During the period, the company received the CII National Excellence Award 2019 for 5S Implementation at its Waluj plant (the oldest plant). Building on the strong R&D focus, the company has applied for multiple patents in the current year, contributing to a strong pipeline of specialty films. These high value-add speciality films will be commercially launched in the coming months and will generate incremental profits with minimal capital expenditure.

Commenting on the financial performance of the company, Mr. Pankaj Poddar, CEO, Cosmo Films Ltd. said, “We continue with our strategy to focus on high end speciality films sale and recyclable structures. BOPP films margins looks stable at the current level. Better utilization of assets and improvement in US subsidiary further contributed towards improved results.”

Cosmo Films reports over 170%

increase in PAT at Rs 27.8 Cr 

In Rs. 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

 Cosmo Films Limited, a global leader in films for packaging, labeling & lamination applications and synthetic paper today declared its financial results for the quarter ended June, 2019.

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

Commenting on the financial performance of the company Mr. Pankaj Poddar, CEO, Cosmo Films Ltd. said, “BOPP films margins have improved vs. last year, though they are yet to reach the normalized 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 & 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 & development.”

Cosmo Films Q2FY19 PAT at Rs 10.1 cr

Cosmo Films announces Q2FY19 profit of Rs 10.1 cr; 

Income increased by 14% to Rs 531.4 cr (YoY)

In Rs. Crores	Q2 FY19	Q1 FY19	Q2 FY18
Net Revenue	531.4	517.6	467.2
EBITDA	43.2	43.4	**54.5
PAT	10.1	10.1	**20.4
EPS (in Rs.)	5.3	5.3	10.6

** Includes INR 12.2 crores one time gain on account of re-computation of sales tax exemption benefit related to previous years.

Chennai, November 12th, 2018: Cosmo Films Limited, a global leader in films for packaging, labeling & lamination applications and synthetic paper today declared its financial results for the quarter ended September 30, 2018.

During Q2 FY19, net revenue increased by 14% YOY due to partial pass through of increase in raw material prices, increase in sales volume and better sales mix. Domestic commodity film margins declined further on Y-o-Y basis, the Company could however, maintain EBITDA (excluding one-time item) primarily from enhanced operational efficiencies, better sales mix and tax incentives on new investment.

Commenting on the financial performance of the company Mr. Pankaj Poddar, CEO, Cosmo Films Ltd. said, “The Company is navigating the tough times emanating from extremely poor commodity pricing in domestic market and remained focus on improving sales mix, focusing on internal efficiencies and increasing international sales. Though predictions cannot be made on domestic commodity margins, demand and supply is expected to balance out over next 3-4 Quarters. The improvement in overseas subsidiaries operations is encouraging and we expect further growth in sales in the overseas subsidiaries’’.

About Cosmo Films Limited

Established in 1981, Cosmo Films is a global leader in specialty films for packaging, lamination and labeling applications. With engineering of innovative products and sustainability solutions, Cosmo partners with world’s leading F&B brands, packaging & printing converters to enhance their consumer experience.

Company’s film offering include BOPP, CPP and soon to be launched BOPET films. Today, the company is the largest exporter of BOPP films from India and also the largest producer of thermal lamination films in the world. Its customer base is spread in more than 100 countries with plant cum distribution centres in India, U.S, Korea & Japan.***