Alphagraph| Cosmo First Ltd. (NSE: COSMOFIRST): Q3 FY23 Results Out

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 First 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’s total income in Q3 FY23 was INR 750.4 crore, which was slightly lower than the previous quarter. The company’s revenue from operations was the primary contributor to its total income, accounting for INR 729.6 crores. The company’s expenses amounted to INR 701.7 crore, yielding a profit before tax of INR 48.7 crore. The company made a net profit of INR 45.6 crore in Q3 FY23. The company’s earnings per share for the period were INR 16.95 for basic and INR 16.65 for diluted.

Overall, the company had a stable financial performance during this period. The company is investing in its future growth, which could lead to better financial performance in the future. Commenting on the company’s performance, Mr. Pankaj Poddar, Group CEO, Cosmo First Ltd., said that the near-term outlook for BOPP and polyester films is expected to be challenging, though the company’s strong speciality film portfolio should deliver superior returns. Zigly is rapidly becoming well-known among pet parents, benefiting all the pet lovers and the company.