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Home STOCKS Cosmo Movies Q4 final results: Net profit down 24% at Rs 21...

Cosmo Movies Q4 final results: Net profit down 24% at Rs 21 crore

New Delhi: Cosmo Films on Thursday documented a 24.37 for every cent decrease in consolidated net profit at Rs 20.85 crore for the fourth quarter ended March 2020.
The enterprise experienced posted a consolidated net profit of Rs 27.57 crore in January-March quarter a calendar year in the past, Cosmo Films stated in a BSE filing.
Revenue from operations fell 4.67 per cent to Rs 524.11 crore for the duration of the quarter below assessment as towards Rs 549.84 crore in the corresponding quarter of the past fiscal.
Cosmo Films’ whole expenses in March quarter declined 5.23 for every cent to Rs 493.63 crore as from Rs 520.88 crore a year ago.
Nevertheless, for the fiscal year 2019-20, the firm’s net profit rose 85.63 for every cent to Rs 113.44 crore. It stood at Rs 61.11 crore in 2018-19.
Its revenue from operations in FY20 amplified 2.17 for each cent to Rs 2,203.53 crore as from Rs 2,156.52 crore in 2018-19.
Commenting on the outlook Cosmo Movies CEO Pankaj Poddar explained, “Adaptable packaging demand should really raise write-up-COVID-19 with increasing shift in client preference in direction of packaged products and solutions, especially in food items, and amplified worries of cleanliness and cleanliness. This should augur very well for the organization.”
Shares of Cosmo Movies Ltd on Thursday settled 1.78 per cent decrease at Rs 295.65 on the BSE.

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