Cosmo Films reports 65% YoY growth in PAT; stock ends higher

27 Jan 2022 , 04:24 PM

Cosmo Films Ltd., a global leader in films for packaging, labeling, lamination, and synthetic paper, announced its quarterly results on Tuesday and reported a satisfactory performance to the stakeholders. In its press release, the company stated that its PAT grew 65% YoY.

The company reported a 44% YoY increase in its EBITDA at Rs 161 crore for Q3 FY’22 against Rs 112 crore for Q3 FY’21.

It reported total revenue for the quarter ending December 2021 at Rs 771 crore against Rs 572 crore for the previous corresponding quarter, reflecting a growth of 35% YoY.

The company’s PAT for Q3 FY’22 Rs 104 crore against Rs 63 crore for the previous corresponding quarter, showing a growth of 65% YoY.

Commenting on Company’s “In coming years, the Company’s growth will be driven by Specialized Polyester line (commissioning in FY 23) and new BOPP line (commissioning in FY 25), continuing focus on specialty sales and diversification into specialty chemicals & Pet care business (under Zingly brand).

The company reported an increase in EPS of 75% at Rs 58.30 for December 2021, against Rs 33.30 for the same quarter the previous year.

Cosmo Films closed at Rs 1830.35 against its previous closing price of Rs 1798.85, up by Rs 31.50 or 1.75%. Its scrip touched an intraday high and low of Rs 1,810 and Rs 1773.10 respectively.