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Cosmo First Limited — Earnings Release 2025
Nov 13, 2024
62162_rns_2024-11-13_de2e9497-6c6d-4c72-a8a0-5dcb3b27a5f6.pdf
Earnings Release
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CFL/SE/2024-25/NOV/04 November 13, 2024 The Manager (Listing) The Manager (Listing) BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Plot no. C/1, G Block, Mumbai-400 001 Bandra – Kurla Complex Scrip Code: 508814 Mumbai-400 051 Security ID: “COSMOFIRST”
Sub: Media Release
Dear Sir,
Please find enclosed herewith media release issued by the Company with regard to Unaudited Financial Results of the Company for the quarter ended on September 30, 2024.
You are requested to take the same on your records.
Thanking You
Yours faithfully For Cosmo First Limited
JYOTI Digitally signed by JYOTI DIXIT DIXIT Date: 2024.11.13 16:57:03 +05'30' Jyoti Dixit Company Secretary & Compliance Officer
Encl: as above
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For Immediate Release
Cosmo First Limited
Consolidated Results
Cosmo First reports its Q2, FY24-25 results
| In Rs. Crores | Q2 FY25 | Q1 FY25 | Q2 FY24 | FY 23-24 |
|---|---|---|---|---|
| Net Revenue | 759 | 690 | 664 | 2587 |
| EBITDA | 107 | 84 | 72 | 251 |
| EBITDA % | 14.1% | 12.2% | 10.8% | 9.7% |
| PBT | 57 | 37 | 29 | 72 |
| PAT | 46 | 31 | 22 | 62 |
| EPS (In Rs.) (Not Annualized) |
18 | 12 | 8 | 24 |
New Delhi, 13[th] November 2024: Cosmo First Limited today declared its financial results for the quarter ended Sept 2024.
The improvement in EBIDTA is backed by higher specialty sales, enhanced volume and better BOPP film margins. The Company has reached speciality sales of 70% of total volume in Q2, FY25 as against 64% in FY24. The Q2, FY25 EBITDA would have been higher but for one time inventory loss (drop in raw material prices during the quarter).
BOPET vertical (about 9% of Company’s sales for Q2, FY25) has also witnessed better margins and posted double digit EBITDA in Q2, FY25 for the first time since its commissioning in FY2223.
The Specialty Chemical subsidiary is advancing well to achieve high teens EBITDA and 30%+ ROCE in FY25.
Commenting on Company’s performance Mr. Pankaj Poddar, Group CEO, Cosmo First Ltd said “For Film business, the Company’s focus remains on specialty film and cost rationalization opportunities. Rigid packaging vertical launched in H2, FY24 is growing in line with plan and expected to achieve profitability and 90%+ capacity utilization in FY26. In Zigly, we have launched multiple Private labels and enhanced our Vet care services to improve gross margins as well as optimize certain costs thereby reducing losses.”
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About Cosmo First Limited
Founded in 1981 by Mr. Ashok Jaipuria, Cosmo First today has a presence across 100+ countries around the globe. Cosmo First is a global leader in specialty films and an emerging player in specialty chemicals (Masterbatches, Adhesive & Coating chemicals), Rigids (Cosmo Plastech) along with digital first Omni channel Pet care business under the brand name ‘Zigly’.
For more details, please contact–
Ipshita Nayyar E: [email protected] M: 7033094735
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