Latest News
Symphony Limited
Source Name: Symphony Limited

Symphony PAT at Rs. 21.63 Crore, Up 51% in Q1 FY 2014-15

Oct 14, 2014   16:50 IST 
New Delhi, Delhi, India

World’s largest air cooler company, Symphony Limited, reported net profit at Rs.21.63 crore for the first quarter of financial year 2014-15 as against Rs. 14.32 crore in the corresponding fiscal 2013-14, showing a substantial  increase of Rs. 51%.

 

Financial Highlights (Rs. crore)

Particulars

Q1 FY 15

Q1 FY 14

Growth (%)

Gross Revenue

110.40 

78.05

41%

Net Profit

21.63

14.32

51%

EPS (Rs)

6.18

4.09

51%

 

 

Gross Revenue for the first quarter of FY 2014-2015 at Rs. 110.40 crore as against gross revenue of Rs. 78.05 crore for the first quarter of financial year 2013-14. EBITDA margin for the Q1 FY 2014-15 stood at 29 % and EPS was Rs. 6.18.

 

Commenting on the financial performance of the company, Mr. Nrupesh Shah, Executive Director of Symphony Ltd. said:

  • We are witnessing buoyant demand across the geographies and across the models.

 

  • The sustain growth is on account of strong performance across all business verticals.

 

  • PAT % stood at 20% in Q1 FY 2014-15 as against 18% in Q1 FY 2013-14.

 

  • The Company is having corporate funds which includes liquid investments (like bank FD, mutual fund investments, bonds, NCD etc.) of Rs.151.41 crore as of Q1 FY2015

 

ABOUT SYMPONY LIMITED:

A world leader in evaporative air coolers, Symphony focuses on innovative design to create better and eco-friendly products for domestic and industrial customers in 60 countries across the globe. At Symphony, design-driven innovation and green engineering is a sustainable competitive advantage. Company delivers market-leading products with engineering and design innovation, improved energy conservation, distinctive styling and customer-centric design.

 

Established in 1988, Symphony leverages a unique and successful asset-light business model for its residential coolers in India and in-house lean manufacturing for its industrial coolers in Mexico to achieve sustainable and profitable growth.

 

Headquartered in Ahmedabad, Gujarat, India, Symphony is a global company committed to develop sustainable and responsible products. This means leading the air-cooling industry's efforts to develop breakthrough green technologies to combat climate change. A publicly traded company in India with a manufacturing base in North America offering products in over 60 countries, Symphony continuously delivers value to its stakeholders in a profitable and predictable way. For the FY 2013-14, company reported net profit of Rs. 105.72 crore on sales of Rs. 532.42 crore. 

 


 
 
Mr. Achal Bakeri, CMD-Symphony Ltd
Mr. Achal Bakeri, CMD-Symphony Ltd
For press background on Symphony Limited

click here