Cosmo First Limited — Earnings Release 2019

Nov 12, 2018

The Manager (Listing)	The Manager (Listing)
Bombay Stock Exchange Limited	National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers,	Exchange Plaza,
Dalal Street,	Plot no. C/l, G Block,
Mumbai-400001	Bandra - Kurla Complex
Scrip Code: 508814	Mumbai-400051
	Security ID: "COSMOFILMS"

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Media Release

C osmo Films Limited

Consolidated Results

Fl a t profit in difficult cycle

		Q2	Q1	Q2
In Rs. Crore		FY19	FY19	FY18
Net Revenue		531.4	517.6	467.2
EBITDA		43.2	43.4	**54.5
PAT		10.1	10.1	**20.4
EPS(inRs.)		5.3	5.3	10.6

**Includes INR 12.2 crore s one time gain on account of re-computa t ion of sales tax exemption benefit related to previous years.

New Delhi, November 1 2th, 2018:Cosmo Films Limited, a glob a l leader in films for packaging, lab e lling& lamination applications and synthetic paper today declared its financi a l results for the quarter ended Septembe r 30, 2018.

During Q2, FY19 net reve n ue increased by 14% YOY due to partial p ass through of increase inraw material prices, increase in sales volume and b etter sales mix. Domestic commodi t y film margins declined further on Y-o- Y basis, the Company could however, maintain EBITDA (excluding one-time ite m ) primarily from enhanced operation a l efficiencies, better sales mix and tax i n centives on new investment.

Commenting on the finan c ial performance of the company Mr. Pankaj Poddar, CEO, Cosmo Films Ltd. said, “The Company is navigating the t ough times emanating from extrem e ly poor commodity pricing in domestic market and remained focus on impr o ving sales mix, focusing on internal effi c iencies and increasinginternational s a les. Though predictions cannot be made o n domestic commodity margins, demand and supply is expected to balance o u t over next 3-4 Quarters. The i m provement in overseas subsidiaries o perationsis encouraging and we e x pect further growth in sales in t h e overseas subsidiaries.

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About Cosmo Films Limited

Established in 1981, Cosmo F ilms Limited today is a global leader in speci a lity films for packaging, lamination and labeling applications. Its films offerings inc l ude biaxially oriented polypropylene (B O PP) films, cast polypropylene (CPP) films an d soon to be offered biaxially oriented p olyethylene terephthalate (BOPET) films. Today, the company is the largest ex p orter of BOPP films from India and is als o the largest producer of thermal lamina t ing films in the world with plant cum distrib u tion centres in the U.S, Korea & Japan a n d global channel partners in more than seven t y countries.

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For more details, please c ontact –

Sukriti Mendiratta E: sukriti.mendiratta@co s mofilms.com M: 9811990121

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