November 23, 2024 09:46 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
Symphony records PAT at Rs.24 Cr. in Q1 FY 2017-18

Symphony records PAT at Rs.24 Cr. in Q1 FY 2017-18

| | 10 Aug 2017, 11:17 pm
Mumbai, Aug 10 (IBNS): Air cooler company, Symphony Limited, reported net profit at Rs. 24.04 crore for the quarter ended June 2017 as against Rs. 31.56 crore in the corresponding quarter ended June 2016.

Sales Rs. 129.26 crore for the quarter ended June 2017 as against Rs. 152.15 crore in the corresponding quarter ended June 2016. EPS for the quarter ended June 2017 stood at Rs. 3.44 as against Rs. 4.51 in the corresponding quarter ended June 2016.

The company has declared 1st interim dividend of 50% i.e.  Rs. 1/- per equity share of Rs. 2/- each amounting to Rs. 842 lacs including dividend distribution tax.

Commenting on the financial performance of the Company, Nrupesh Shah, Executive Director of Symphony Limited said that "degrowth in sales is on account of erratic summer in most parts of the country. In general for summer related industry, it was not a good quarter. Moreover on account of introductory prices of touch range profitability is impacted temporarily. However, compared to other players in the Industry, Symphony was not only least affected, but maintained its absolute market leadership with more than 50% market share in organised market. Further, profitability margin and sales growth are expected to be robust for September as well as December quarter."
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.