In an interview to CNBC-TV18, Neeraj Jain, CFO of Cosmo Films discussed the company's Q2 performance.
Cosmo Films posted a subdued set of earnings in Q1, impacted by goods and services tax (GST) de-stocking. In an interview to CNBC-TV18, Pankaj Poddar, CEO of Cosmo Films spoke about the results and his outlook for the company.
Pankaj Poddar, CEO of Cosmo Films attributed the subdued second quarter performance to lower polypropylene prices that was passed down to customers. He added volumes grew 3 percent during the quarter.
The consolidated net profit for Cosmos Films came in at Rs 20.7 crore versus Rs 4.4 crore reported for the same quarter year ago.