Air-cooler maker Symphony’s Q2 net up 19%; declares 50% interim dividend

Our Bureau Ahmedabad | Updated on January 09, 2018

Air cooler maker Symphony Ltd has posted net profit of ₹50.67 crore for the September quarter, up 19.15 per cent from ₹42.52 crore reported in the corresponding quarter a year ago.

Net sales for the quarter stood at ₹184.18 crore, up 22.56 per cent from ₹150.28 crore in the same period last year. EBITDA margin on gross revenue for the second quarter stood at 38.33 per cent and EPS was at ₹7.24.

The board of directors has declared second interim dividend of 50 per cent or ₹1 per equity share of ₹2 each amounting to ₹8.42 crore, including dividend distribution tax. For the six-month period ended September 30, the company posted net profit of ₹74.71 crore, up 0.84 per cent from ₹74.08 crore in the corresponding period last year. Net sales in the first half stood at ₹313.44 crore against ₹302.43 crore in the first- half of 2016-17.

EBITDA margins on gross revenue for first half of 2017-18 stood at 31.66 per cent and EPS was at ₹10.68. Nrupesh Shah, Executive Director, said: “ The sales growth rate and profitability margin percentage are robust and back to normal starting September quarter as envisaged by the management earlier."

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Published on October 31, 2017
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