Cosmo First reports its Q1 24-25 results

Press Release

09 Aug 2024
 
In Rs. Crores Q1 FY25 Q4 FY24 Q1 FY24 FY 23-24
Net Revenue 690 641 658 2587
EBITDA 84 67 55 251
EBITDA % 12.2% 10.5% 8.4% 9.7%
PBT 37 18 16 72
PAT 31 15 14 62
EPS (In Rs.) (Not Annualized) 12 6 5 24

New Delhi, 8thAugust 2024: Cosmo First Limited today declared its financial results for the quarter ended June 2024.

The improvement in EBIDTA is backed by higher specialty sales as well as furtherance in domestic BOPP film margins due to enhanced demand. The Company has reached speciality sales of 69% of total volume in Q1, FY25 as against 64% in FY24.

BOPET business started in Sept 2022(about 4% of Company’s salesin Q1, FY25) has also earned EBITDA for the first time since started operations.

The Company is expecting improved sales of speciality filmsas well as domestic margins to remain at healthier levels in FY 25.

The Specialty Chemical has commercialized multiple chemistries (including for adhesives, coatings as well as masterbatches)which should facilitate improvement in EBITDA and ROCE in FY25.
 

Commenting on Company’s performance Mr. Pankaj Poddar, Group CEO, Cosmo First Ltd said“The Company’s focus remains on specialty filmbusiness and cost rationalization opportunities. Rigid packaging vertical launched in H2, FY24 is growing well with addition of Injection Moulding from Q1, FY25. We are focusing on consolidation in Ziglyduringthe first two quarters before next level of growth.”


 

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