|
|
|
You can get e-magazine links on WhatsApp. Click here
|
|
|
|
|
|
Cosmo Films’ net revenue for Q1 of FY ’18-19 amounts to Rs 517.6 crore
|
|
Tuesday, 14 August, 2018, 08 : 00 AM [IST]
|
|
Our Bureau, New Delhi
|
Cosmo Films Limited, one of the world’s leading companies in the packaging, labelling and lamination applications and synthetic paper industries, declared its financial results for the quarter ended June 30, 2018 (Q1 FY19). The company’s net revenue for the quarter was Rs 517.6 crore. It increased by 24 per cent vis-a-vis the net revenue for Q1 FY18, which was Rs 418.9. This was attributable to the increase in raw material prices and sales volume and a better sales mix.
While commodity film margins remained subdued, the company achieved higher earnings before interest, taxes, depreciation and amortisation (EBITDA) [from Rs 36.6 crore in Q1 FY18 to Rs 43.4 in Q1 FY19 (a 19 per cent increased year-on-year). This was attributable to enhanced operational efficencies, volume increase and a better sales mix. The company, whose profit after tax (PAT) was Rs 9.2 crore in Q1 FY18, posted PAT amounting to Rs 10.1 crore in Q1 FY19.
The company’s earning per share (EPS) in Q1 FY18 was Rs 4.8 crore. It rose to Rs 5.3 crore in Q1 FY19. Commenting on the company’s financial performance, Pankaj Poddar, chief executive officer, Cosmo Films Ltd, said, “The company remains consistent in its approach by focusing on internal efficiencies such as lines productivity, better sourcing and improving the sales mix. Improvement in overseas subsidiaries operations has also started yielding results.”
|
|
|
|
|
|
|
|
|
|