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Cosmo First Limited — Earnings Release 2025
Aug 8, 2024
62162_rns_2024-08-08_fe62280f-bb50-42bd-9b17-0d33ad2461d9.pdf
Earnings Release
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CFL/SE/2024-25/AUGUST/06 August 08, 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 June 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: 2024.08.08 16:15:49 +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 Q1’24-25 results
| 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, 8[th] August 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 sales in Q1, FY25) has also earned EBITDA for the first time since started operations.
The Company is expecting improved sales of speciality films as 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 film business 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 Zigly during the first two quarters before next level of growth.”
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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–
Shagun Walia E: [email protected] M: 9665049007
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