The firm had posted a consolidated web revenue of Rs 27.57 crore in January-March quarter a yr in the past, Cosmo Films stated in a BSE submitting.
Revenue from operations fell 4.67 per cent to Rs 524.11 crore throughout the quarter underneath assessment as towards Rs 549.84 crore within the corresponding quarter of the earlier fiscal.
Cosmo Films’ complete bills in March quarter declined 5.23 per cent to Rs 493.63 crore as towards Rs 520.88 crore a yr in the past.
However, for the fiscal yr 2019-20, the corporate’s web revenue rose 85.63 per cent to Rs 113.44 crore. It stood at Rs 61.11 crore in 2018-19.
Its income from operations in FY20 elevated 2.17 per cent to Rs 2,203.53 crore as towards Rs 2,156.52 crore in 2018-19.
Commenting on the outlook Cosmo Films CEO Pankaj Poddar stated, “Flexible packaging demand should increase post-COVID-19 with increasing shift in consumer preference towards packaged products, particularly in food, and increased concerns of cleanliness and hygiene. This should augur well for the company.”
Shares of Cosmo Films Ltd on Thursday settled 1.78 per cent decrease at Rs 295.65 on the BSE.
