Cosmo Films Net Profit More Than Doubles

Leading manufacturing company Cosmo Films announced its January-March quarter results for the financial year 2020-21, reporting a net profit of ₹ 74.45 crore on a consolidated basis. According to a statement shared by Cosmo Films, the company’s net profit jumped 257 per cent – more than twice on a year-on-year basis, as its profit in the corresponding quarter of the previous fiscal was ₹ 20.85 crore. The growth in profit was driven by higher specialty sales, better-operating margins, as well as a robust performance by subsidiaries.

Cosmo Film’s revenue from operations stood at Rs 671.80 crore in the fourth quarter of the fiscal year 2020-21 on a consolidated basis, compared to Rs 524.11 crore in the year-ago period. The company’s total income stood at Rs 685.03 crore, compared to Rs 530.20 crore in the corresponding quarter of the previous fiscal.