Cosmo Films Limited, a global leader in packaging, labeling, composite and synthetic paper films, and an emerging company in specialty chemicals, polymers and pet care, today announced its financial results for the quarter ended September 2021. EBITDA in the second quarter of fiscal year 2022 increased by 54%, supported by higher professional sales (up more than 20%), higher operating margins and rising subsidiary performance. The increase in EBITDA, lower financing costs and lower effective tax rate resulted in an 83% increase in PAT. Due to the impact of share repurchases in December 2020, earnings per share growth is still as high as 96%. The professional polyester production line and the new BOPP production line will be put into use in the first quarter of FY23 and FY25, respectively, focusing on the growth of professional sales and the diversification of specialty chemicals and pet care to drive growth in the next few years. This quarter, the company announced its first interim dividend of 25 rupees per share (equivalent to the full-year dividend paid in the previous fiscal year), which was paid in October 21. Commenting on the company’s performance, Mr. Pankaj Poddar, CEO of Cosmo Films Ltd. said: “This quarter, the company launched the pet care brand “Zigly”, opened its first experience center in Delhi, launched a mobile van service in NCR, and Launched an e-commerce platform. These omni-channel products will provide pet parents with unique convenience and value propositions. The initial response has been good, and the company plans to significantly expand its digital and offline (experience centers, stores and trucks) in the next few quarters. The newly announced BOPP production line will be the largest production line. The BOPET and BOPP production lines will also enable the company to expand its professional sales. The company has ordered/ordered several other value-added assets to further increase professional sales. The textile chemical production line is under commissioning, the company Continue to conduct extensive trials on newly developed products. The dyeability project not only saves costs, but also makes Cosmo a truly sustainable organization." The stock of Cosmo Films Limited last traded at BSE at Rs. 1473.85 compared with the previous closing price of one rupee. 1457.95. The total number of stocks traded on that day was 2,766 shares, and there were more than 622 transactions. The stock hit an intraday high. 1518.55 and the intraday low of 1456.30. The net turnover for the day was Rs. 4115086.00.