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Symphony Limited Earnings Release 2019
60717_rns_2018-10-30_e8a01286-4957-43a2-ac0b-4cd95d3824bd.pdf
Earnings Release
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October 30, 2018
To, BSE Limited Security Code - 517385
National Stock Exchange of lndia Limited Symbol ' SYMPHONY
Sub.: Media Release - Un-audited Financial Results fo. the quarter end€d September 30, 2018
Dear 5ir,
This is in reference with the above captioned subject line and in contjnuation with our today's announcements, We are enclosing herewith media release titled "Symphony Ltd, Standalone PAT at t 34 crore in quarter ended September 30, 2018" alongwith financial highliehts.
This in due Compliance of Regulation 30 ahd other applicable provisions, if any ot SEBI {Lis$ng obliEations and Disclosure Requirements) Regulations, 2015.
Kindlytake note ofthe same and oblige.
Thanking you,
You15 Truly,
For, Symphony Limited
Mayur Barvadiya Company Secretary
Enc.: As above
Email: [email protected]
Media Release
Symphony Ltd, Standalone PAT at₹ 34 crore in quarter ended September 30, 2018
Financial Highlights:
| (₹ Crores) | ||||
|---|---|---|---|---|
| Particulars | Standalone | Consolidated | ||
| QuarterendedSeptember2018 | QuarterendedSeptember2017 | QuarterendedSeptember2018 | QuarterendedSeptember2017 | |
| Net Sales | 147 | 183 | 222 | 211 |
| Net Profit | 34 | 51 | 31 | 50 |
| EPS (₹) (on face value of₹2 each) | 4.90 | 7.24 | 4.39 | 7.04 |
Standalone PAT ₹ 34 cr. for Q2 of 18-19 vs. ₹ 51 cr. in Q2 of 17-18. Standalone Sales ₹ 147 cr. for Q2 of 18-19 vs. ₹ 183 cr. in Q2 of 17-18.
Symphony has recommended 2nd interim dividend of 50% i.e. ₹ 1/-per equity share of ₹ 2/-each amounting to ₹ 8.43 crores including dividend distribution tax.
October 30, 2018: Commenting regarding the acquisition, Mr. Nrupesh Shah, Executive Director of Symphony Ltd. Said:
- The Company has acquired effectively 95% equity stake in Climate Technologies Pty Limited, Australia [Australia's leading manufacturer of cooling and heating appliances], through a newly incorporated Subsidiary Company viz. Symphony AU Pty Limited, Australia w.e.f. July 01, 2018. The financial results of Climate Technologies Pty Limited, Australia is consolidated with the Group for the first time.
- Symphony Ltd. has maintained asset light, capital light, lower working capital (in September quarter) business model despite back to back two disappointing summers.
ABOUT SYMPONY LIMITED:
A world leader in evaporative air coolers, Symphony focuses on innovative design to create better and eco-friendly products for domestic 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 with a manufacturing base in North America offering products in over 60 countries, Symphony continuously delivers value to its stakeholders in a profitable and predictable way. For the 2 nd quarter ended September 2018, Symphony posted on standalone basis net profit of ₹ 34 crore on net sales of ₹ 147 crore.
