Symphony Limited Consolidated PAT ₹ 6 Cr. in Q1 FY 2021-22
Symphony Limited Consolidated PAT ₹ 6 Cr. in Q1 FY 2021-22
Financial Highlights:
(₹ Crores)
Particulars
Standalone
Consolidated
Quarter ended June 2021
Quarter ended June 2020
Quarter ended June 2021
Quarter ended June 2020
Sales
104
40
229
154
Net Profit
7
1
6
2
EPS (₹) (on face value of ₹ 2 each)
0.99
0.21
0.87
0.22
Standalone sales is ₹ 104 cr. for Q1 21-22 vs. ₹ 40 cr. in Q1 20-21. Standalone PAT is ₹ 7 cr. for Q1 21-22 vs. ₹ 1 cr. in Q1 20-21.
Consolidated sales is ₹ 229 cr. in Q1 21-22 from ₹ 154 cr. in Q1 20-21. Consolidated PAT is ₹ 6 cr. for Q1 21-22 vs. ₹ 2 cr. in Q1 20-21.
However, the performance is substantially lower than the normal quarter due to restrictions imposed by Government on account of second wave of Covid-19 mainly in India and Australia which again struck in peak of summer.
July 23, 2021: Mr. Nrupesh Shah, Executive Director of Symphony Ltd. has commented:
The demand and sentiments were quite buoyant until middle of April 2021. However, the second wave of the Covid-19 has impacted the sales for the quarter.
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.
ABOUT SYMPHONY LIMITED:
A world leader in evaporative air coolers, Symphony focuses on innovative design to create better and eco-friendly products for domestic, commercial and industrial customers in 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 having subsidiary companies in Mexico, China, Australia, USA and Brazil offering products in over 60 countries, Symphony continuously delivers value to its stakeholders in a profitable and predictable way. For the Three Months ended June 2021, Symphony posted on standalone basis net profit of ₹ 7 crore on net sales of ₹ 104 crore.
