Symphony Ltd, PAT at ₹ 68 Cr. in Nine Months Ended FY 2021-22
Financial Highlights:
(₹ Crores) |
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Particulars |
Standalone |
Consolidated |
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Nine Months ended December 2021 |
Nine Months ended December 2020 |
Nine Months ended December 2021 |
Nine Months ended December 2020 |
|
Sales |
388 |
275 |
653 |
560 |
Net Profit |
68 |
63 |
57 |
44 |
EPS (₹) (on face value of ₹ 2 each) |
9.69 |
8.97 |
8.15 |
6.30 |
Standalone sales is ₹ 388 cr. for Nine Months ended 21-22 vs. ₹ 275 cr. in Nine Months ended 20-21. Standalone PAT is ₹ 68 cr. for Nine Months ended 21-22 vs. ₹ 63 cr. in Nine Months ended 20-21.
Consolidated sales is ₹ 653 cr. for Nine Months ended 21-22 vs. ₹ 560 cr. in Nine Months ended 20-21. Consolidated PAT is ₹ 57 cr. for Nine Months ended 21-22 vs. ₹ 44 cr. in Nine Months ended 20-21.
Symphony has recommended 2nd interim dividend of 50% i.e. ₹ 1/- per equity share of ₹ 2/- each amounting to ₹ 7 crores.
Mr. Nrupesh Shah, Executive Director of Symphony Ltd. has commented:
- Standalone Gross Profit and EBITDA margin % during quarter are lower due to:
- Large revenue expenses incurred for various initiatives related to Direct to Consumer Sales (D2C), Large Space ventilated air cooler (LSV), exports to USA and new upcoming air cooler models.
- The Company initiated various measures to support the trade partners to take care of their inventory and better sales performance in subsequent quarters.
- Nine months Consolidated Gross Profit and EBITDA margin % are higher than previous year. Annual and March, 2022 quarter Consolidated Gross Profit and EBITDA % are expected in line with previous year.
Outlook
Having a premium brand with various path breaking models for household, commercial and industrial needs and being a market leader, we are quite optimistic for a growth and performance in medium to long term period that remains intact.