Leading manufacturing firm Cosmo Films introduced its January-March quarter outcomes for the monetary yr 2020-21, reporting a web revenue of Rs 74.45 crore on a consolidated foundation. According to an announcement shared by Cosmo Films, the corporate’s web revenue jumped 257 per cent – greater than twice on a year-on-year foundation, as its revenue within the corresponding quarter of the earlier fiscal was Rs 20.85 crore. The development in revenue was pushed by larger specialty gross sales, better-operating margins, in addition to a sturdy efficiency by subsidiaries.
Cosmo Film’s income from operations stood at Rs 671.80 crore within the fourth quarter of the fiscal yr 2020-21 on a consolidated foundation, in comparison with Rs 524.11 crore within the year-ago interval. The firm’s complete revenue stood at Rs 685.03 crore, in comparison with Rs 530.20 crore within the corresponding quarter of the earlier fiscal.
“Cosmo Films is a reputation to reckon globally for newer, progressive options. The specialty movies gross sales have grown YoY within the final three years and development fee in FY21 surpassed 20 per cent regardless of the bottom changing into bigger every passing yr reaffirming the corporate’s development technique by way of steady funding in R&D, high quality, buyer satisfaction,” stated Mr. Pankaj Poddar, CEO, Cosmo Films Limited.
On Friday, May 21, shares of Cosmo Films settled 1.35 per cent larger at Rs 805.80 apiece on the BSE. Cosmo Films opened the buying and selling session at Rs 825, swinging to an intra day excessive of Rs 840, and an intra day low of Rs 800.05, all through the session on Friday.
The firm is alleged to be a world chief in movies for labeling, packaging, lamination, in addition to artificial paper. It can also be an rising participant in polymers, specialty chemical substances, and pet care.