Cosmo First Limited — Interim / Quarterly Report 2019

Feb 13, 2019

CFL/SEC/SE/PS/2018-19/FEB/03 February 13, 2019

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Sub: Un-audited Financial Results and Limited Review Report for the quarter ended on December 31, 2018 and Outcome^of Board Meeting

Dear Sir,

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Pursuant to Regulation 30 read with Part A of Schedule III and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Un-audited Standalone and Consolidated Financial Results of the Company for the Quarter ended on December 31, 2018 reviewed by the Audit Committee and approved by the Board of Directors at their meeting held today i.e. February 13, 2019 at 02:30 P.M. along with Limited Review Report thereon.

The Board of Directors, on the recommendations of the HR, Nomination and Remuneration Committee has also approved the re-appointment of Mr. Ashok Jaipuria (DFN: 00214707) as Managing Director of the Company, for a further period of 5 years w.e.f. 2 April, 2019, subject to the approval of shareholders at the forth coming Annual General Meeting of the Company.

Mr. Ashok Jaipuria is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority. A brief profile of Mr. Ashok Jaipuria is enclosed.

The Meeting of Board of Directors concluded at 5* I 0 P-M.

You are requested to take the same on your records.

Thanking You

Yours faithfully For Cosmo Films Limited

Jyot^\p^it

Covf^iny Secretary & Compliance Officer

End: As Above

Walker ChandiokScCoLLP

Walker Chandiok& Co LLP (Formerly Walker, Chandiok & Co) L-41 Connaught Circus New Delhi 110001 India

T+91 1142787070 F+91 1142787071

Independent Auditor's Review Report on Standalone Quarterly Financial Results and Year to Date Results of Cosnio Films Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors ofCostno Fihns Limited

• 1. We have reviewed the accompanying statement of unaudited standalone financial fesiilts ('Statement') of Cosmo Films Limited ('the Company') for the quarter ended 31 December 2018 and the year to date results for the period 1 April 2018 to 31 December 2018, being submitted by the Company pm-suaat to the requirements of Regulation 33 of the SEBI (listing Obligations and Disclosure Reqiurements) Regiilations, 2015. This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Revie\y of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inqiiiries of company personnel and analytical procedures, appUed to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Walker Chandiok&CoLLP

1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with applicable Indian Accounting Standards specified under Section 133 of the Companies Act, 2013 and SEBI Cuculars CIR/CFD/CMD/15/2015 dated 30 November 2015 and CIR/CFD/FAC/62/2016 dated 5 July 2016, and other recogrused accounting pracdces and policies has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requurements) Regulations, 2015, including the manner in which it is to be disclosed, or that it contains any raaterial misstateraent.

For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013

^^"

Siddharth Talwar Partner Membership No. 512752

Place: New Delhi Date: 13 February 2019

	COSMOSFILMLIMITED
UNAUDITED	STANDALONEFINANCIAL	RESULTS

							(RinCr)sores
		3	thdemonsen	d	9thmon	dedsen	Yendedare
S.No	Partilacurs	31.12.2018	30.09.2018	31.12.2017	31.12.2018	31.12.2017	31.03.2018
		Reviedwe	Reviedew	Reviedwe	Reviedwe	Reviedew	Audited
I	Income:
	a)Ree fions (s)atvenuromopergros	535.64	516.59	434.48	1,528.04	1,315.21	1,77907
	b)Othinmeerco	3.35	1.74	7.73	7.33	31.00	34.84
	Tol intacome	538.99	518.33	442.21	1,535.37	1,346.21	1,813.91
	Expenses:
	a)Cf mrialsedt oateosconsum	39305.	390.16	321.93	1.159.94	930.38	1.2766.7
	b)Purchf tded gdsase oraoo					3.45	5.00
	c)Chs in irief finisheddstoangenvens ogoo	22.31	2.78	1.02	9.40	6.59	6.59
	dstock-in-tradane
	d)Eisedutyxc					30.46	30.46
	e)Emploe befit eyeenxpenses	23.28	22.72	22.51	67.94	662.5	869.7
	f)Deiationndrtisatiprecaamoonexpenses	11.73	12.25	11.31	35.54	33.96	45.50
	g)Finastsnceco	11.02	14.76	10.91	41.23	37.03	50.12
	h)Allowfotededit lancer expeccrosses	0.25	0.39	0.31	0.63	0.82	0.75
	i) OthEerxpenses	68.41	61.63	.1055	18885.	169.41	226.47
	Total expenses	532.30	S04.69	423.09	1,500.56	1,278.62	1,728.44
Ill	Profit befo(11)tax-1re	6.69	13.64	19.12	34.81	67.59	85.47
IV	Taxexpense:
	a)Cnttaurrex	1.39	2.92	2.81	7.38	10.98	1533
	b)Defed te/(credit)rreaxexpens	(30).5	0.46	0.22	(2.32)	0.98	(1)14.75
	Ince/(cdit)taomexexpensre	(2.11)	3.38	3.03	5.06	11.96	0.58
v	rofit f(1)Net Pthiod11-IVore per	8.80	10.26	16.09	29.75	55.63	84.89
VI	Otheehsivincer compreneom
)a	i) Itethatwill notbeclaified trofit or lomsresso pss	0.13	0.14	0.21	0.40	0.64	0.54
	Inclatedboe ttoomaxreave	(05).0	(05).0	(07).0	(04).1	(02).2	(0.19)1
b)	I)Itethwill blassifiedrofit or loattomserecpss	817.	(79).4	0.62	8.88	0.90	(5.08)1
	Ince tlatedtoboomaxreave	(25).7	2.61		(3.13)		1.78
	Tol othehsiv(lo)/inc(nofx)taettaercomprenessome	5.14	(49).7	0.76	6.01	1.32	(2.95)1
VII	Tol cehsivince fthriod(V+VI)taompreneomorepe	13.94	5.47	16.85	35.76	56.94	81.94
VIII	Paidityshital (Fe ValuRs. 10)- up equare capace	19.44	19.44	19.44	19.44	19.44	19.44
IX	Otheitybalanshtr equas perceee						617.64
x	/-eEainghafor theiod(of R10h)rnpersrepersac
	(nlised)otannua
	Basic	4.59	5.36	8.40	15.52	29.02	44.30
	Diluted	4.59	5.36	8.39	15.52	29.01	44.30

REPORTING OF SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED

Partilacurs	3	thdemonsen	d	9thmon	dedsen	Yendedare
	31.12.2018	30.09.2018	31.12.2017	31.12.2018	31.12.2017	31.03.2018
	Reviedwe	Reviedwe	Reviedwe	Reviedwe	Reviedwe	Audited
a)St rueegmeneven
Packingfilmags	535.64	516.59	43448	1,528.04	1,284.75	1,748.60
Others
Subtotal	535.64	516.59	434.48	1,528.04	1,284.75	1,748.60
Le: Intentssr segmerevenue
Tolta	535.64	£16.59	434.48	1.S28.04	1,284.75	1,748.60
b)Sultt regmeness
Profit beftadinttorexaneres
Packingfilmags	19.27	29.88	31.80	80.76	111.46	143.95
Others
SubTolta	19.27	29.88	31.80	80.76	111.46	143.95
Le: Finastsssnceco	11.02	14.76	1091	41.23	37.03	50.12
Le: Ullobleofallableincetssnacaexpensesnunocom	1.57e	1.48	177	4.72	6.84	8.36
Profit fditivitybeftaromornaryacorex	6.69	13.64	19.12	34.81	679.5	85.47
c)Cital epledapmoy
Set aetgmensss
fiPackinglmags	1.555.38	1,612.75	1.416.65	1,5.3855	1,416.65	1,482.27
Others
Unalledatoc	186.42	162.50	242.61	186.42	242.61	21853
Tolta	1,741.80	1,775.25	1,659.26	1,741.80	1,659.26	1,700.80
Set liabilitygmen
Packingfilmags	306.96	348.14	251.03	306.96	251.03	308.66
Others
Unalledatoc	1.90	2.17	0.67	1.90	0.67	0.71
Tolta	308.86	350.31	251.70	308.86	251.70	309.37
Seital eplodt cgmenapmye
Packingfilmags	1,24841	1,264.61	1,16625.	1,248.41	1,165.62	1.173.61
Others
Unalledatoc	184.52	160.33	241.94	184.52	241	782
Tolta	1,432,	^1,424.94	1,407.56	1,432.93	^ ^1,4P	F^>43
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Notes:

• 1 The above unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on 13th February 2019 and limited review of the same has been carried out by the statutory auditors of the company.
• 2 These financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind AS') notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in section 133 of the Companies Act, 2013.
• 3 According to the requirements of Ind-AS and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, revenue for the nine month ended 31st December 2017 and for the year ended 31st March 2018 were reported inclusive of Excise Duty. The Goverment of India has implemented Goods and Service Tax (GST) from 1st July 2017 replacing Excise Duty, Service Tax and various other indirect taxes. As per Ind-AS. the revenue for the periods post 1st July 2017 are reported net of GST. Had the previously reported revenue shown net of excise duty, comparative revenue of the Company would have been as follows:

	3	thdemonsen	d	9thmon	Yendedare
Partilacurs	31.12.2018	30.09.2018	31.12.2017	31.12.2018	31.12.2017	31.03.2018
	Reviedew	Reviedew	Reviedew	Reviedew	Reviedew	Audited
Net Sales/Ree fOpions (Nef EiseD)att outyvenuromerxc	535.64	516.59	43448	1,528.04	1,284.75	1,748.60

4 Other income includes sales tax exemption recomputation benefit related to previous years as under:

		thde3monsen	d	th9mon	Yendedare
Partilacurs	31.12.2018	30.09.2018	J31.12.2017	31.12.2018	31.12.2017	31.03.2018
	Reviedew	Reviedew	Reviedew	Reviedew	Reviedew	Audited
Other Income					14.59	14.59

5 The above results includes gains/floss) on account of foreign exchange rate fluctuations on foreign currency borrowings charged to Statement of Profit and Loss (excluding other comprehensive income) and a reclassification has been done for quarter ended 31st December 2017 and nine months ended 31st December 2017 between other income/ expenses and finance costs for better presentation.

	3	thdemonsen	d	9thmons	Yendedare
Partilacurs	31.12.2018I	30.09.2018	31.12.2017_J	31.12.2018 _	31.12.2017	31.03.2018Audited
	Reviedew	ReviedIew	Reviedew	Reviedew	Reviedew
Other Ie/fEs)ncomxpense	(4.49)	(03).1	3.45	(4.79)	8.42	8.71
FiCostnance	0.53	(3.69)	(11).0	(8,25)	(78).5	(1)1.66

6 The Company has adopted Ind AS 115 "Revenue from contracts with customers" applying a full retrospective transition approach, which replaces earlier revenue recognition standard. The Company has assessed that, in case of certain contracts with customers, some performance obligations comprise arranging for another party to provide certain services to the customers Accordingly, revenue for such performance obligations is recognized as the difference between the consideration allocated for services provided to customers and the related costs for arranging the same. However, there is no impact on retained earnings or profit for the respective periods.

The restated revenue for the quarter ended 31st December 2017, nine months ended 31st December 2017 and year ended 31st March 2018 are lower by Rs 19.68 crore, Rs 55.60 crores and Rs 77.98 crores respectively with the corresponding decrease in other expenses. ^\MS^

7 Tax Liability is based on estimated tax computation for the whole year and excess/short provision, if any will be adjusted in the last quarter.

New Delhi 13th February 2019

sasoaynd NOIiVOIdllNSai yOdQBNOIS

SHOKJAIPUf CHAIRMAN

0 ^ DSlhi <n -y ^ 0 c^ *

Walker ChandiokScCo LLP

Walker ChandiokA Co LLP (Formerly Walker, Chandiok & Co) L-41 Connaught Circus New Delhi 110001 India

T+91 1142787070 F+91 1142787071

Independent Auditor's Review Report on Consolidated Quarterly Financial Results and Year to Date Results of Cosnio Filxns Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors ofCosmo Films Limited

• 1. We have reviewed the accompanying statement of unaudited consolidated financial results ('Statement') of Cosmo Films Limited ('the Company') and its subsidiaries (the Company and its subsidiaries together referred to as 'the Group'), (Refer Annexure 1 for the Ust of subsidiaries included in the Statement) for the quarter ended 31 December 2018 and the consolidated year to date results for the period 1 April 2018 to 31 December 2018, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disdosure Requirements) Regulations, 2015. This Statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Review of Interun Financial Information Performed by the Independent Auditor of the Entity, issued by the Insdtote of Chartered Accountants of India. Tl-iis standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is lij-nited primarily to inquiries of company personnel and analytical procedures, applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. Based on oui- review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with applicable Indian Accounting Standards specified under Section 133 of the Compaiues Act, 2013 and SEBI Circulars CIR/CPD/CMD/15/2015 dated 30 November 2015 and CIR/CFD/FAC/62/2016 dated 5 July 2016, and other recognised accounting practices and policies has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Chartered Accountants

with identification number AAC-2085 and its registered office at L-41 Connaught Circus, New Delhi, 110001, India

Walker Chandiok&CoLLP

1. We did not review the financial information of six subsidiaries included in the Statement whose financial results reflect total revenues of ^ 45.98 crores and ^ 121.23 crores for the quarter and period ended 31 December 2018 respectively, net (loss)/ profit (including other comprehensive (loss)/ income) of ^ (3.43) crores and ^ 3.82 crores for the quarter and period ended 31 December 2018 respectively. These financial informadon have not been reviewed and have been furnished to us by the management and our conclusion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on such financial information that has not been reviewed. According to the information and explanations given to us by the management, these financial information are not material to the Group. Our review report on the consolidated financial results is not modified in respect of this matter with respect to our reliance on the financial mformadon certified by the management.

For Walker Chandiok & Co LLP Chartered Accountants Firm Registrauon No: 001076N/N500013

^;^

Siddharth Talwar Partner Membership No. 512752

Place: New Delhi Date: 13 February 2019

Walker Chandiok&CoLLP

Annexure 1

List of entities included in the Statement

• a. Cosmo Films Singapore Pte T.td.
• b. Cosmo Films Korea T.imited
• c. Cosmo Films Japan, GK
• d. Cosmo Films Inc.
• e. CF (Netherlands) Holdings T.td B.V.
• f. CF Investment Holding Private (Thailand) Company T.imited
• g. Cosmo Films Poland Sp Z.0.0

							(Rs in C)rores
		3	nthsndedmoe		9nthsmo	Yendedare
S.No	Partilacurs	31.12.2018	30.09.2018	31.12.2017	31,12.2018	31.12.2017	31.03.2018
		Reviedwe	Reviedwe	Reviedwe	Reviedwe	Reviedwe	Audited
	Income:
	a)e f(gs)Retiovenuromoperansros	557.71	531.40	458.43	1.606.68	1,375.01	1,876.98
	b)Other income	11.30	1.58	7.53	15.57	29.02	34.51
	Tol intaecom	569.01	532.98	465.96	1,622.25	1.404.03	1,911.49
	Expenses:
	Coa)stofterialsedmaconsum	398.88	399.00	330.76	1,188.56	967.04	1.331.48
	b)Purchf tradedodase ogos	0.24	0.22	0.33	0.66	1.31	1.63
	c)Choffins in itoriesishedodangenvengos
	d sk-iradtocn-tane	23.59	(1)1.73	0.50	2.46	(14,87	)(82).4
	d)Excise duty					30.46	30.46
	e)Emploe befit eyeenxpenses	33.12	32.85	33.87	98.03	99.06	129.98
	f)Deciationdisatioortpren aamn expenses	13.25	13.85	12.74	40.14	38,24	51.21
	g)Finstsanceco	12.01	16.01	11.62	44.68	38.46	52.38
	h)Allowfotededit lancer expeccrosses	0.53	(0.01)	0.34	0.44	0.76	1.18
	i) Other Expenses	76.33	69.45	62.81	209.17	191.34	257.59
	Tol etaxpenses	95557.	519.64	452.97	1,584.14	1,351.80	1,847.49
Ill	Profit befo(1-11)taxre	11.06	13.34	12.99	38.11	52.22	64,00
IV	Tax expense:
	a)Cunttaxrre	1.41	2.95	2.97	7.39	11.65	15.82
	b)Deferred/ (dit)tax expensecre	(37).6	0.27	0.25	(2.82)	1.21	(1)6.25
	Ince/(credit)e tomaxexpens	(2.26)	3.22	3.22	4.57	12.86	.4
v	rofit fd (V)Net Ptherio111-Iorpe	13.32	10.12	9.77	33.54	39.36	(03)64.43
VI	I Otheheiveinmer comprensco
)a	i)Itethwill nbeclaified trofit or loatotmsresso pss	0.13	0.14	0.21	0.40	0.64	0.54
	Inclatedboe ttoveomaxrea	(0).05	(0.05)	(0).07	(0.14)	(0.22)	(09).1
b)	i)Itethwill blassifiedofir loattot omse recprss	3.83	(19).3	(0).56	11.94	2.43	(0.12)
	Inclatedabe ttoeomaxreov	(23).7	2.61		(3.21)		2.20
	Total othheive(ls)/in(netoftax)ercomprensoscome	1.18	1.31	(0).42	8.99	2.85	2.43
VII	I Tl cheiveinfoheiod(V+VI)otar tomprenscomeper	140.5	11.43	9.35	42.53	42.21	66.86
VIII	Paidityshpital(FaValue R)10- up equarecaces.	19.44	19.44	19.44	19.44	19.44	19.44
IX	Otheityr balaheetr equaspence s						600.22
x	I Eninshe ftheriod (ofRs10/-ch)arg perarorpeea
	(nised)otatannu
	Basic	6.95	5.28	105.	17.50	20.54	33.62
	Diluted	6.95	5.28	5.10	17.50	20.53	33.62

COSMO FILMS LIMITED UNAUDITED CONSOLIDATED FINANCIAL RESULTS

REPORTING OF SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED

			3 mthsndedone		9 mthson	ndede	Yededaren
	Particulars	31.12.2018	30.09.2018	31.12.2017	31.12.2018	31.12.2017	3103.2018
		Reviedwe	Reviedwe	Reviedwe	Reviedwe	Reviedwe	Audited
a)	Sntegmerevenue
	Packingfilagms	557.23	529.83	457.90	1,603.34	1.340.58	1,842.03
	Others	0.48	1.57	0.53	3.34	3.97	4.49
	Subtotal	557.71	531.40	458.43	1.606.68	1.344.55	1.846.52
	Le: Intert ruesssegmeneven
	Tolta	557.71	531.40	458.43	1,606.68	1,344.55	1,846.52
b)	Sultt regmeness
	Profit befndine ttestoraxare
	Packingfilagms	24,42	30.39	26.29	86.65	96.75	123.80
	Others	0.22	0.43	0.09	0.86	0.77	0.94
	SubTotal	24.64	30.82	26.38	871.5	97.53	124.74
	Le: Finatsssnce cos	12.01	16.01	11.62	44.68	38.46	52.38
	Le: Ulloblef ullobleint ossnacaexpensesnenacacome	1.57	1.47	1.77	4.72	6.85	836
	Profit fdinctivitbefotaromorary ayrex	11.06	13.34	12.99	38.11	52.22	64.00
c)	Cital eplodapmye
	Set aetsgmenss
	Packingfilagms	1.701.21	1,766.84	1,589.38	1,701.21	1,589.38	1.629.05
	Others	2.28	2.35	2.64	2.28	2.64	2.71
	Unalldateoc	118.91	89.98	149.32	118.91	149.32	146.44
	Total	1,822.40	1,859.17	1,741.34	1,822.40	1.741.34	1,778.20
	Set liabilitgmeny
	Packingfilagms	327.90	370.50	275.25	327.90	27255.	329.80
	Others
	Unallatedoc	1.90	217	0.67	1.90	0.67	113
	Tolta	329.80	372.67	275.92	329.80	275.92	330.93
	Set cital eloyedgmenapmp
	Packingfilagms	1,373.31	1.39634	1,314.13	1,37331	1.314.13	1,299.25
	Others	2.28	'^^	2.64	2.28	2.64	2.71
	Unallatedoc	117 01	'-s;^;^q	148.65	117.01	148.65	145.31
	Tolta	1,492.60	1,486.50	65.42y	1,492.60	1,465.42	1,447.27
	SIGNEDFOR		K			s
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IDENTIFICATSON PUPP S

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Notes:

• 1 The above unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on 13th February 2019 and limited review of the same has been carried out by the statutory auditors of the company.
• 2 These financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind AS') notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in section 133 of the Companies Act, 2013.
• 3 According to the requirements of Ind-AS and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, revenue for the nine month ended 31st December 2017 and for the year ended 31st March 2018 were reported inclusive of Excise Duty. The Goverment of India has implemented Goods and Service Tax (GST) from 1st July 2017 replacing Excise Duty, Service Jay, and various other indirect taxes, As per Ind-AS, the revenue for the periods post 1st July 2017 are reported net of GST, Had the previously reported revenue shown net of excise duty. comparative revenue of the Company would have been as follows:

	3 m	9 mthson	Yendedare
Particulars	31.12.2018	30.09.201831.12.2017		31.12.2018	31.12.2017	31.03.2018
	Reviedwe	Reviedwe	Reviedwe	Reviedwe	Reviedwe	Audited,
Net Sales/RfroOptio(NofExcise D)etutyevenuemerans	557.71	531.40	458.43	1.606.68	1.344.55	1.846.52

4 Other income includes sales tax exemption recomputation benefit related to previous years as under:

		3 mthsndedone				Yendedare
Particulars	31.12.2018	30.09.2018	31.12.2017	31.12.2018	31.12.2017	31.03.2018
	Reviedwe	Reviedwe	Reviedwe	Reviedwe	Reviedwe	Audited
Other Inmeco					14.59	14.59

5 The above results includes gains/(loss) on account of foreign exchange rate fluctuations on foreign currency borrowings charged to Statement of Profit and Loss (excluding other comprehensive income) and a reclassification has been done for quarter ended 31st December 2017 and nine months ended 31st December 2017 between other income/ expenses and finance costs for better presentation.

		3 mthsndedone				Yededaren
Particulars	31.12.2018	30.09.2018	31.12.2017	31.12.2018	31.12.2017	31.03.2018
	Reviedwe	Reviedwe	Reviedwe	Reviedwe	Reviedwe	Audited
Other ln/(Es)comexpense	(4.77)	(0.18)	3.24	(4.52)	6.73	8.98
CFintanceos	0.53	(3).69	(1.01)	(8).25	(7).58	(11.66)

6 The Company has adopted Ind AS 115 "Revenue from contracts with customers" applying a full retrospective transition approach, which replaces earlier revenue recognition standard. The Company has assessed that, in case of certain contracts with customers, some performance obligations comprise arranging for another party to provide certain services to the customers. Accordingly. revenue for such performance obligations is recognized as the difference between the consideration allocated for sen/ices provided to customers and the related costs for arranging the same. However, there is no impact on retained earnings or profit for the respective periods.

The restated revenue for the quarter ended 31st December 2017. nine months ended 31st December 2017 and year ended 31st March 2018 are lower by Rs 22.80 crore, Rs 64.58 crores and Rs 89.71 crores respectively with the corresponding decrease in other expenses.

7 Tax Liability is based on estimated tax computation for the whole year and excess/short provision, if any will be adjusted in the last quarter.

8 Other Income for the quarter ended 31st December 2018 includes one time gain of Rs. 8.0 crores from the sale of land and building following the decommissioning of the plant by US subsidiary.

9 Key numbers of Standalone financial results are as given below. The standalone financial results are available at Company's website.

Particulars	nthnded3mos e			9 mthsndedone		Yededaren
	31.12.2018Reviedwe	30.09.2018Reviedwe	31.12.2017Reviedwe	31.12.2018Reviedwe	31.12.2017Reviedwe	31.03.2018Audited
Profit/(Lo) frdintivitybefore tssomoraryacax	6.69	13.64	19.12	34.81	67.59	8547
ofit/() frar/aftPrLodintivitytaxssomoracer	8.80	10.26	16.09	29.75	.6355	9

New Delhi

<( ^ / ^ ^•1 K JAIPURIA ^ c> AIRMAN 0 0 *

SIGNED FOR lO^M-riFSCATSON c

Brief Profile of Mr. AshokJaipuria

IVIr. Ashok Jaipuria is first generation entrepreneur with over forty years of experience in the coqiorate world. He is the Founder Chairman and N^anaging Director ofCosmo Films Limited. He is a member of the Board of Governors (BoG) of the Indian Institute of Technology (IIT), Indore and an Independent Director on the Board of Hindustan Sanitaryware.

He has also been an Executive Committee member of the Federation of Indian Chamber of Commerce and Industry (FICCI) and a member of the Board of Governors (BoG) of IIT Patna and the Institute of Liver and Biliary Sciences.

He has been bestowed with an 'Outstanding Achievement Award' in the year 2013 at the 2nd Speciality Films & Flexible Packaging Conference, by Chemicals & Petrochemicals Manufacturers Association (CPMA), Mumbai.

He has been also awarded with "Best Under a Billion, Forbes Global -200 Best Small Companies for 2003" by the Forbes Magazine and conferred with an 'Udyog Ratna Award' by the Government of Himachal Pradesh.

Mr. Ashok Jaipuria is not related to any other director of the Company. M