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Symphony Limited
Source Name: Symphony Limited

Symphony Ltd PAT at Rs. 36.51 Crore, up 35% in Q3 FY 2014-15

Apr 21, 2015   16:20 IST 
India

World’s largest air cooler company, Symphony Limited, reported a 35% rise in net profit at Rs. 36.51 crore for the third quarter ended March 2015 as against  Rs. 27.03 crore in the corresponding quarter of previous fiscal 2013-14. Net sales for Q3 of FY 2014-15 at Rs. 137.51 crore were higher by 21% over previous fiscal’s same quarter net sales of Rs. 113.29 crore. EBITDA margin for Q3 FY 2014-15 stood at 35% and EPS was at Rs. 10.44.

 

For the nine months ended March 2015, the company reported a net profit of Rs. 94.16 crore, 42% growth as compared to net profit of Rs. 66.14 crore in the previous fiscal 2013-14. Net sales in 9 months of FY 2014-15 at Rs. 391.63 crore were higher by 30% compared to Rs. 300.59 crore in the same period of previous fiscal. EBITDA margin for 9 months FY 2014-15 stood at 33% and EPS was at Rs. 26.92.

 

Commenting on the financial performance of the company, Mr. Nrupesh Shah, Executive Director of Symphony Ltd, said, “There have been all around healthy growth across the segments by maintaining healthy profitability.”

 

Financial Highlights

 

 

Q3

9 Months

FY 15

FY 14

Growth

FY 15

FY 14

Growth

Net Sales

(in Rs. cr)

137.51

113.29

21%

391.63

300.59

30%

Net Profit (in Rs. cr)

36.51

27.03

35%

94.16

66.14

42%

EPS

(in Rs.)

10.44

7.73

35%

26.92

18.91

42%

 

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 i 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 year ended June 2014, Symphony posted net profit of Rs 105.72 crore on turnover of Rs 532.42 crore.

 

For Symphony Ltd Q3FY14-15 results - Data Sheet, click here


Media Contact Details
Ritesh Dewan
Adfactors PR
+91 9873200211
 
 
Mr. Achal Bakeri, CMD-Symphony Ltd
Mr. Achal Bakeri, CMD-Symphony Ltd
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