Earnings | Cosmo First Ltd. (NSE: COSMOFIRST) | Q4FY23 Results Out; Total Income fell 13% YoY.

Cosmo First Ltd. (NSE: COSMOFIRST) is a leading producer of BOPP films, established in 1981 and based in India. The company is the largest BOPP film exporter in India and the world’s largest producer of thermal lamination films. It is also a global leader in some specialty segments, such as specialty label films and industrial application films. With a good mix of specialty and commodity films, Cosmo First is uniquely positioned in the market.  The company has also launched a D2C pet care venture, “ZIGLY,” which aims to build India’s largest pet care ecosystem across different channels. Cosmo Films is committed to ESG and sustainability and has a “CareEdge Good” rating. The company focuses on reducing greenhouse gas emissions, using green energy, waste reduction, and water treatment, while also supporting education and fighting against COVID-19.

• Cosmo First Ltd. (NSE: COSMOFIRST) Reported Total Income for Q4 FY23 of ₹728 Crore down from ₹840 Crore year on year, a negative growth of 13%.
• Total Expenses for Q4 FY23 of ₹ 693 Crore down from ₹705 Crore year on year, a negative growth of 2%.
• Consolidated Net Profit of ₹32 Crore, down 70% from ₹108 Crore in the same quarter of the previous year. 
• The Earnings per Share is ₹20.0, down 50% from ₹40.11 in the same quarter of the previous year.