Profit before tax in Q3 December 2020 stood at Rs 88.24 crore, up by 70.1% from Rs 51.89 crore in Q3 December 2019. Current tax outgo rose by 15.3% year-on-year (YoY) to Rs 14.94 crore in the third quarter.

The company posted highest EBITDA of Rs 112 crores during Q3 FY21 (despite 7% lower volumes) on the back of higher speciality sales (13% YoY), better operating margins from last year and inventory gain of Rs 7 crore due to raw material price increase.

The board has declared interim dividend of Rs 25 per share for FY21 and fixed 8 February 2021 as the record date.

At yesterday's closing price of Rs 445.35, this translates to a dividend yield of 5.6%. The dividend will be paid on or before 26 February 2021.

Commenting on performance of the company Pankaj Poddar, CEO, Cosmo Films, said: The company has posted highest ever EBITDA during Q3, FY21 despite 7% lower volume (partly due to de-bottlenecking one large production line to enable specialty films production). The company is set to further grow the specialty films production with the same. The company's subsidiary will soon start commercialization of textile chemicals developed through in-house R&D. The company's sustainability drive is helping in reducing various wastages & carbon footprint and also contributing towards cost reduction. Specialized BOPET, Specialized Chemicals and Pet Care projects are progressing as per plan.

Cosmo Films makes speciality films for packaging, lamination, labeling and synthetic paper. The company's film offerings include BOPP (Biaxially Oriented PolyPropylene Films) and CPP (Cast Polypropylene) films.

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National Fertilizer Ltd, Tata Metaliks Ltd, HFCL Ltd and Trident Ltd are among the other gainers in the BSE's 'A' group today, 28 January 2021.

Cosmo Films Ltd soared 12.83% to Rs 502.5 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 66813 shares were traded on the counter so far as against the average daily volumes of 4472 shares in the past one month.

National Fertilizer Ltd surged 8.88% to Rs 42.9. The stock was the second biggest gainer in 'A' group. On the BSE, 3.93 lakh shares were traded on the counter so far as against the average daily volumes of 2.79 lakh shares in the past one month.

Tata Metaliks Ltd spiked 8.45% to Rs 746. The stock was the third biggest gainer in 'A' group. On the BSE, 73977 shares were traded on the counter so far as against the average daily volumes of 65573 shares in the past one month.

HFCL Ltd spurt 8.26% to Rs 30.8. The stock was the fourth biggest gainer in 'A' group. On the BSE, 13.91 lakh shares were traded on the counter so far as against the average daily volumes of 24.17 lakh shares in the past one month.

Trident Ltd added 7.63% to Rs 14.25. The stock was the fifth biggest gainer in 'A' group. On the BSE, 16.15 lakh shares were traded on the counter so far as against the average daily volumes of 86.25 lakh shares in the past one month.

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Net profit of Cosmo Films rose 73.80% to Rs 62.76 crore in the quarter ended December 2020 as against Rs 36.11 crore during the previous quarter ended December 2019. Sales declined 1.30% to Rs 572.31 crore in the quarter ended December 2020 as against Rs 579.87 crore during the previous quarter ended December 2019.

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Cosmo Films announced that interim dividend of Rs 25 per equity share for FY 2021 shall be paid on or before 26 February 2021. The record date for interim dividend is 08 February 2021.

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