Cosmo Films – consolidated results

Cosmo Films – consolidated results

May 30, 2018 Off By Sebastian Reisig

Cosmo Films Limited declared its financial results for the quarter ended March 31, 2018.In Q4 FY18, the Company achieved the highest ever quarterly sales volume (up14% YoY) primarily on the back of near to full capacity utilization of the BOPPline commissioned in February 2017. Commodity film margins remainedsubdued negating the favourable impact of volume increase.For the full year, sales volume grew by 25% but lower commodity films marginswiped out more than whole of the gains of the volume increase. PAT and EPSdropped further due to higher interest and depreciation of the new BOPP linecommissioned last year. One-time tax reversal due to recent change in IncomeTax Act enabled to partially mitigate the drop in PAT and EPS.

Commenting on the financial performance of the company Mr. Pankaj Poddar, CEO, Cosmo Films Ltd. said, “We continue to focus on expanding speciality which has grown by 20% YoY and full utilization of capacity. While BOPP film margins continued to be volatile, our continuous focus on improving operational efficiencies helped in maintaining EBIDTA level.”