Containers & Packaging company Cosmo First announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Net Revenue: Rs 641 crore, compared to Rs 625 crore in Q3FY24.
- EBITDA: Rs 67 crore, showing an increase from Rs 56 crore in Q3FY24.
- EBITDA %: 10.5%, an improvement from 9.0% in Q3FY24.
- Profit Before Tax (PBT): Rs 18 crore, compared to Rs 10 crore in Q3FY24.
- Profit After Tax (PAT): Rs 15 crore, an increase from Rs 11 crore in Q3FY24.
- EPS (Not Annualized): Rs 6, compared to Rs 4 in Q3FY24.
FY24:
- Net Revenue: Rs 2,587 crore for FY24, compared to Rs 3,065 crore in FY23.
- EBITDA: Rs 251 crore for FY24, showing a decrease from Rs 434 crore in FY23.
- EBITDA %: 9.7% for FY24, compared to 14.2% in FY23.
- Profit Before Tax (PBT): Rs 72 crore for FY24, compared to Rs 304 crore in FY23.
- Profit After Tax (PAT): Rs 62 crore for FY24, showing a decrease from Rs 244 crore in FY23.
- EPS (Not Annualized): Rs 24 for FY24, compared to Rs 91 in FY23.
Commenting on Company’s performance Pankaj Poddar, Group CEO, Cosmo First Ltd said “The Company’s focus remains on its specialty business. It shall be further strengthened with launch of high-value-added sun control film, Cosmo Sunshield, in FY25. In Zigly, we are focussed on the same store sales growth.”