Cosmo Films posts ~50% decline in bottomline

Cosmo Films consolidated revenue for the third quarter of FY2018 came in at Rs 481.23 crore, registering an increase of 25% YoY. 

The company's EBITDA for the quarter fell by 8.6% YoY to Rs 33.1 crore with a corresponding margin contraction of 253 bps. The EBITDA margin for the quarter stood at 6.9%. This margin contraction was due to rise in cost of materials consumed in proportion to sales (68.7 per cent in Q3FY18 as against Rs. 64 per cent in corresponding quarter of last year). 

The PAT for the quarter came in at Rs 9.8 crore, a decline of 49.6% YoY. This was partly due to tax of ~25 per cent of effective tax rate as against Rs 1.46 crore tax credit in the corresponding quarter last year.