Symphony declares bumper Q1FY17 results

Symphony has declared its Q1FY17 results on Tuesday. The company’s revenue has increased by 14.38 per cent to Rs 153 crore in Q1FY17 as compared to same period in previous fiscal year. Its EBITDA too has risen by 31.62 per cent to Rs 39 crore in Q1FY17 on a yearly basis. Symphony’s EBITDA margin has expanded by 335 basis points to 25.56 per cent in Q1FY17 as compared to same period in previous financial year. The company’s net profit also has increased by 39.89 per cent to Rs 31.14 crore in Q1FY17 as compared to previous financial year. Its net profit margin has expanded by 373 basis points to 20.41 per cent in Q1FY17 on a yearly basis.

Symphony has recommended issue of bonus equity shares to the members of the company in the ratio of 1: 1. The record date will be announced separately.

The share price of Symphony has increased by 7.93 per cent on bourses after declaration of results; and is trading at Rs 2487 on an intra day basis.

Symphony is engaged in manufacturing of air coolers. The company operates in two segments: home appliances and corporate funds. Its products include air coolers, such as residential coolers and packaged air coolers. It also offers central air cooling solutions. Symphony offers central air cooling solutions for factories, warehouses and large halls, among others. The company provides evaporative air coolers for domestic and industrial customers in approximately 60 countries across the globe.