Companies

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."

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on October 31, 2017
This article is closed for comments.
Please Email the Editor