Cosmo First Limited — Earnings Release 2020

Jun 4, 2020

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CFL/SEC/SE/PS/2020-21/JUNE/04 June 04, 2020

The Manager (Listing) Bombay Stock Exchange Lim Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001 Scrip Code: 508814 ited	The Manager (Listing) National Stock Exchange ofI Exchange Plaza, Plot no. C/1, G Block, Bandra – Kurla Complex Mumbai-400 051 Security ID:“COSMOFILM ndia Ltd. S”

Sub: Media Release

Dear Sir,

Please find enclosed herewi t h media release issued by the Company w ith regard to Audited Financial Results of the Com p any for the quarter and year ended on Marc h 31, 2020.

You are requested to take the same on your records.

Thanking You

Yours faithfully For Cosmo Films Limited

Sd/Jyoti Dixit Company Secretary & Compliance Officer

Encl: Media Release

Note: In view of the lockdown due to COVID -19 pandemic, we are submitting unsigned letter.

CIN: L92114DL1976PLC008355 Cosmo Films Limited 1008, DLF Tower-A, Jasol a District Centre, New Delhi-110025 T: +91 11 49494949 F: +91 1 1 49494950 www.cosmofilms.com

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Media Release

Cosmo Films Limited

Consolidated Results

Cosmo Films reports 55% increase inannual EBITDA

In R s. Crores	FY20	FY19
Net Revenue	2,203	2,156
EBIT DA	280	181
PBT	163	72
PAT	113	61
EPS (in Rs.)	59.2	31.9

New Delhi, June 4th, 2020: Cosmo Films Limited, a global l e ader in films for packaging, labeling& lamination applications and synthe t ic paper today declared its financial r e sults for the quarter ended March 2020 .

Due to the lockdown a nnounced by government of India in w ake of COVID-19 pandemic, the operati o ns of the company were suspended a t its Gujarat and Maharashtra plants for a couple of days in Marchbutresumed b a ckin first half of April itself.

The company has post e d Rs.78 crores EBITDA during Q4 FY2 0 (34% higher on YOY).Better operation a l margins, better operational efficienc i es and improved performance by subsidiaries contributed to higher EBIDTA. Pro v isioning towards one-timeimpairment in market value ofassetsin overseas subsidiaries impacted the PBT and PAT.PA T was further impacted due to higher deferred tax provisioning on tempor a ry timing differences relating to the SEZ unit.

For the full year FY1 9 -20, EBITDA increased by 55% primari l y due to higher specialty sales (grow t h of 11%), balanced demand and s upply scenario, operational efficiencie s and an improved performance by subsi d iaries.

During the year, the c o mpany paid an interim dividend of Rs . 15/- per equity share (150%) as per t he board meeting dated 13th Febru a ry 2020 for the financial year 2019-20.

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The company’s subsidi a ry project for masterbatches (an essen t ial ingredient of flexibly packaging fil m ) is progressing as scheduled and is expected to commence operations f rom Q2, FY21.

Commenting on the financial performance of the company Mr. Pankaj Poddar, CEO, Cosmo Films Ltd. said, “FlexiblePackaging demand s h ould increase in India and the world po s t Covid-19with increasing shift in con s umer preference towards packaged p r oducts particularly in foodand in c reased concern forcleanliness and hy g iene. This should augur well for th e company. The company shall contin u e its focus on speciality films, supp o rting brands on building recyclable packaging structures, R&D and new produc t development.

The management has e valuated the possible impact of Covi d -19 pandemic on the business operation s and believes that impact so far has b e en minimal. The management will con t inue to monitor the impact of the f uture economic conditions and an unce r tain environment on the company’s op e rations.”

About Cosmo Films Limited

Established in 1981, C osmo Films is a global leader in sp e ciality films for packaging, lamination & labeling applications and synthe t ic paper. With engineering of innova t ive products and sustainability solutions, Cosmo Films over the years has bee n partnering with worlds’ leading F&B, p ersonal care and tobacco brands and pa c kaging & printing converters to enhance their consumer experience.

Company’s film offeri n gs include BOPP and CPP films. Today , the company is the largest exporter o f BOPP films from India and also the la r gest producer of thermal lamination fil m s in the world. Its customer base is spr e ad in more than 100 countries with manufacturing units in India, Korea & Japan.

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For more details, pleas e contact –

SukritiMendiratta E: sukriti.mendiratta@ c osmofilms.com M: 9811990121

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