Comments
Leading air-cooler manufacturer Symphony Ltd has reported a 50 per cent rise in net profit and 33 per cent in sales in the third quarter of 2013-14 ended March 31, as compared to the previous fiscal.
According to a company release, while net sales were Rs 113.29 crore (Rs 85.18 crore), net profit stood at Rs 27.03 crore (Rs 18 crore) during the review period.
Nrupesh Shah, Executive Director, said the growth is on account of buoyancy and a strong performance across all business verticals. The domestic residential air coolers business grew 49 per cent, while exports managed 94 per cent growth during the nine months of FY 2013-14.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.