Cosmo Films is also anemerging gamer in polymers, specialized chemicals, and pet care.Leading producing company Cosmo Films revealed its January-March quarter results for the fiscal year 2020-21, reporting a net earnings of Rs 74.45 crore on a consolidated basis.
According to a statement shared by Cosmo Films, the company's net revenue jumped 257 per cent - more than twice on a year-on-year basis, as its revenue in the corresponding quarter of the previous fiscal was Rs 20.85 crore.
The development in earnings was driven by higher specialized sales, better-operating margins, as well as a robust performance by subsidiaries.Cosmo Movie's profits from operations stood at Rs 671.80 crore in the 4th quarter of the 2020-21 on a combined basis, compared to Rs 524.11 crore in the year-ago duration.
The business's overall earnings stood at Rs 685.03 crore, compared to Rs 530.20 crore in the corresponding quarter of the previous financial.
Cosmo Films is a name to reckon globally for more recent, innovative services.
The specialized films sales have actually grown YoY in the last 3 years and growth rate in FY21 went beyond 20 percent in spite of the base becoming larger each passing year declaring the company's growth method through continuous investment in R-D, quality, customer complete satisfaction, stated Mr.
Pankaj Poddar, CEO, Cosmo Films Limited.On Friday, May 21, shares of Cosmo Films settled 1.35 percent higher at Rs 805.80 each on the BSE.
Cosmo Films opened the trading session at Rs 825, swinging to an intra day high of Rs 840, and an intra day low of Rs 800.05, throughout the session on Friday.The business is said to be a global leader in films for labeling, product packaging, lamination, in addition to synthetic paper.
It is likewise an emerging gamer in polymers, specialty chemicals, and family pet care.