Symphony Limited — Earnings Release 2025

Feb 6, 2025

February 06, 2025

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To, National Stock Exchange of India Limited Symbol – Symphony

To, BSE Limited Security Code – 517385

Sub.: Submission of newspaper clippings of publication of financial results

Dear Sir / Madam,

We are submitting herewith newspaper clippings of unaudited financial results for the nine months/ quarter ended on December 31, 2024, published on February 6, 2024.

Please take the same on your record and kindly acknowledge the receipt.

Thanking you,

Yours Truly,

For, Symphony Limited

Digitally signed by MAYUR C. MAYUR C. BARVADIYA BARVADIYA Date: 2025.02.06 12:15:37 +05'30'

Mayur Barvadiya Company Secretary and Head - Legal

Encl.: as above

Registered Office: Symphony Limited, “Symphony House”, Third Floor, FP-12, TP-50, Off S.G. Highway, Bodakdev, Ahmedabad -380 059, India T: +91-79-66211111, F: +91-79-66211139-40 l Email – companysecretary@symphonylimited.com I www.symphonylimited.com CIN - L32201GJ1988PLC010331

TAKE TWO 19

AHMEDABAD | THURSDAY, 6 FEBRUARY 2025

~~<~~

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|Abbo�India Limited
CIN : L24239MH1944PLC007330
Regd Ofce : 3, Corporate Park, Sion-Trombay Road, Mumbai - 400 071
Tel No.: 022-5046 1000/2000
Email Id :investorrela�ons.india@abbo�.comWebsite :www.abbo�.co.in
Extract of Unaudited Financial Results
for the Quarter and Nine months ended December 31, 2024
(in Crores except earnings per share)|**Abbo�India Limited**<br>CIN : L24239MH1944PLC007330<br>Regd Ofce : 3, Corporate Park, Sion-Trombay Road, Mumbai - 400 071<br>Tel No.: 022-5046 1000/2000<br>Email Id :investorrela�ons.india@abbo�.comWebsite :www.abbo�.co.in<br>**Extract of Unaudited Financial Results**<br>**for the Quarter and Nine months ended December 31, 2024**<br>(in Crores except earnings per share)|Abbo�India Limited
CIN : L24239MH1944PLC007330
Regd Ofce : 3, Corporate Park, Sion-Trombay Road, Mumbai - 400 071
Tel No.: 022-5046 1000/2000
Email Id :investorrela�ons.india@abbo�.comWebsite :www.abbo�.co.in
Extract of Unaudited Financial Results
for the Quarter and Nine months ended December 31, 2024
(in Crores except earnings per share)|**Abbo�India Limited**<br>CIN : L24239MH1944PLC007330<br>Regd Ofce : 3, Corporate Park, Sion-Trombay Road, Mumbai - 400 071<br>Tel No.: 022-5046 1000/2000<br>Email Id :investorrela�ons.india@abbo�.comWebsite :www.abbo�.co.in<br>**Extract of Unaudited Financial Results**<br>**for the Quarter and Nine months ended December 31, 2024**<br>(in Crores except earnings per share)|Abbo�India Limited
CIN : L24239MH1944PLC007330
Regd Ofce : 3, Corporate Park, Sion-Trombay Road, Mumbai - 400 071
Tel No.: 022-5046 1000/2000
Email Id :investorrela�ons.india@abbo�.comWebsite :www.abbo�.co.in
Extract of Unaudited Financial Results
for the Quarter and Nine months ended December 31, 2024
(in Crores except earnings per share)|**Abbo�India Limited**<br>CIN : L24239MH1944PLC007330<br>Regd Ofce : 3, Corporate Park, Sion-Trombay Road, Mumbai - 400 071<br>Tel No.: 022-5046 1000/2000<br>Email Id :investorrela�ons.india@abbo�.comWebsite :www.abbo�.co.in<br>**Extract of Unaudited Financial Results**<br>**for the Quarter and Nine months ended December 31, 2024**<br>(in Crores except earnings per share)|Abbo�India Limited
CIN : L24239MH1944PLC007330
Regd Ofce : 3, Corporate Park, Sion-Trombay Road, Mumbai - 400 071
Tel No.: 022-5046 1000/2000
Email Id :investorrela�ons.india@abbo�.comWebsite :www.abbo�.co.in
Extract of Unaudited Financial Results
for the Quarter and Nine months ended December 31, 2024
(in Crores except earnings per share)| |---|---|---|---|---|---|---| |**Sr.**<br>**No.**|**Par�culars**|**Quarter ended**||**Nine months ended**||**Year ended**| |||**December 31,**<br>**2024**|**December 31,**<br>**2023**|**December 31,**<br>**2024**|**December 31,**<br>**2023**|**March 31,**<br>**2024**| |||**Unaudited**|**Unaudited**|**Unaudited**|**Unaudited**|**Audited**| |1<br>2<br>3<br>4<br>5<br>6<br>7<br>8|Total Income from Opera�ons<br>NetProftfortheperiod<br>(beforeTax,Excep�onaland/orExtraordinaryitems)<br>Net Proft for the period before tax<br>(a�er Excep�onal and/or Extraordinary items)<br>Net Proft for the period a�er tax<br>(a�er Excep�onal and/or Extraordinary items)<br>Total Comprehensive Income for the period<br>[comprising Proft for the period (a�er tax) and<br>Other Comprehensive Income (a�er tax)]<br>Equity Share Capital<br>Reserves (excluding Revalua�on Reserve)<br>as shown in the Audited Balance sheet of<br>previous year<br>Earnings Per Share(Face value of`10/- each)
(not annualised except for the year ended March)
Basic :
Diluted :|1,686.03
487.59
487.59
360.78
360.79
21.25
-
169.78
169.78|1,492.75
422.16
422.16
310.98
311.89
21.25
-
146.34
146.34|5,004.12
1,404.24
1,404.24
1,047.40
1,047.42
21.25
-
492.89
492.89|4,577.40
1,228.07
1,228.07
914.16
916.88
21.25
-
430.19
430.19|6,097.18
1,617.75
1,617.75
1,201.22
1,201.24
21.25
3,677.64
565.28
565.28|

BARREL OF TROUBLE

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Trump’stariffsonhismajortradingpartnersandIndia’s 2025-26Budgetjeopardisethecountry’sgrowingdemand forfuelandputoilcompanyfinancesunderstrain

Note : The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchange under Regula�on 33 of the SEBI (Lis�ng Obliga�ons and Disclosure Requirements) Regula�ons, 2015. The full format of the Quarterly Financial Results is available on the Stock Exchange website at www.bseindia.com and on the Company’s website at www.abbo�.co.in. The same can be accessed by scanning the QR code provided below.

S DINAKAR Amritsar,5February ndia’s state-owned oil-mar- REFINED STORY keting companies (OMCs) Iare staring down an abyss GROSSREFININGMARGINSOFOIL-MARKETINGCOMPANIES (in$perbarrel) in 2025 on the heels of a disap-pointing annual budget for oil 13.5 n Oct-Dec2023 n Jul-Sep2024 n Oct-Dec2024 and gas for 2025-26 and from 13.35 the volatility in oil and gas mar- 8.49 kets caused by the Trump 6.01 administration’s disruptive 5.57 4.41 energy tariff policies. These 2.9 3.12 developments come amid dis- 1.6 counted Russian oil flows, a mainstay of gross refining marIndianOil BharatPetroleum HindustanPetroleum gins for Indian refiners, slowing to a trickle in the face of the latest US sanctions and expen- 14,300 7,230 7,600 sive alternative supplies. US President Donald Trump LPGunder-recoveriesforApr-DecFY25 (~cr) initially threatened tariffs as Source: Company/industry data high as 60 per cent on China and 25 per cent on Mexico and Canada, subsequently reducing rates to 10 per cent for Chinese imports and for energy imports from threaten to take more than 1 million bpd Canada and Mexico. The changes were of crude oil out of the market — around effective from Tuesday but have been a fifth of India’s oil demand. And with delayed by at least a month for its North Saudi Arabia-led Organization of the American trading partners. Petroleum Exporting Countries (Opec) Trump’s tariffs have roiled oil oil grouping reportedly comfortable markets over concerns of potential A sharp rise in with oil prices of $80 per barrel, it may near-term supply disruptions. After LNG prices be reluctant to compensate for the losses an initial spurt, gains on crude oil threatens to of Iranian barrels with Opec barrels. prices more than halved on the news unravel India’s “LPG is a substantial drag on the that some tariffs might be delayed. projected 12% profitability of OMCs,” Vasisht said. European benchmark Brent futures are growth in Subsidies provided for direct benefit now at $76 per barrel, after closing at demand for transfer of ~1,500 crore, and the ~9,100 the fuel this around $82 per barrel on January 15, crore allocated for the Ujjwala LPG financial year reflecting the volatility from Trump’s scheme for 2025-26 are inadequate, he policy announcements. added. OMCs are expected to post Trump on Tuesday ordered reinstatunder-recoveries of ~40,000 crore on ing a “maximum pressure” campaign LPG sales by the end of this financial on Iran, which had last year illegally according to the oil ministry data. year, analysts estimate. exported around 1.7 million barrels per The finances of oil-marketing comIndian Oil’s earnings (Aprilday (bpd) of oil, primarily to China. In panies rest on a Trishul, an industry December), after adjusting for LPG response to the news that Trump would source explained. The three prongs of under-recoveries, would have been sign the order, benchmark crude oil profitability are gross refining margins, ~19,000 crore/~20,000 crore and not prices spiked nearly $2 per barrel, UK or what a refiner makes turning crude ~5,500 crore, said Smartsun Capital’s market intelligence provider Energy oil into fuels; marketing margins, or Sumeet Rohra, a fund manager, in the Intelligence reported. what Indian Oil or Bharat Petroleum company’s latest quarterly earnings China, in turn, has slapped earn from selling petrol and diesel at call, according to the transcript. Rohra retaliatory tariffs of 15 per cent on US pumps; and liquefied petroleum gas said that the company had lost a stagliquefied natural gas (LNG) and 10 per (LPG) margins. At the moment all three gering ~95,000 crore in market cap, and cent on imports of US crude oil. Prices look challenged. the current market cap is just a third of of European gas benchmark TTF, Singapore GRMs, a benchmark for its assets of ~4,85,000 crore. Indian Oil a reference point for spot LNG rates, Indian margins, ranged from an Director of Finance Anuj Jain replied have increased by more than 30 per anaemic 30 cents to $3 per barrel in the that “the government is fully seized of cent since December to a 15-month last two weeks. The GRMs remain weak, this matter and is definitely going to high of over $16 per million British a Mumbai-based senior analyst said. support OMCs”. thermal units, said Greg Molnár, gas Margins have more than halved for Oil minister Hardeep Singh Puri analyst at the International Energy state-run refiners in the just concluded also suggested some form of Agency, in a LinkedIn post. December quarter from a year earlier, compensation to OMCs during a press the company data shows. briefing in Mumbai last month. But Volatile markets Marketing margins also seem inadethe government has made no provision Volatile oil prices impact India’s fiscal quate to cover low profits from refining. in the 2025-26 Budget, presented to position and oil company finances, and Marketing margins have more than Parliament on February 1, to compena sharp rise in LNG prices threatens to doubled from as low as ~2.60 per litre sate state-run refiners for losses incurred unravel India’s projected 12 per cent late last month, when crude oil was over in selling domestic LPG to households growth in demand for the fuel this fis$80 per barrel, to ~6 per litre at $76.4 per at below cost. Fuel prices were cal. While traders may embrace volatilbarrel crude, but the sensitivity to crude unchanged last year because of impority, state-run refiners and Indian policyoil prices is high, and the current volatiltant state and Lok Sabha elections. makers prefer price stability because ity impacts profits at the pump. they are devoid of instruments to hedge Sanction woes volatility at the pump by passing on rate LPG drag Adding to refiners’ woes is the changes to consumers. Marketing margins at ~5 per litre are likelihood of erosion in discounted “Certainly it helps to have a “marginally above average,” the crude oil from Russia for the next few more stable pricing regime,” said analyst said. Typically, in the past, months. A shortfall in February will be Prashant Vasisht, senior vice-president oil-marketing companies would use minor, but state-run refiners expect a and co-group head, corporate ratings, the swings in marketing margins to larger supply gap in March. There may at Icra, a US Moody's affiliate. “Overall, compensate for losses incurred from be interruptions in flows in April and it could impact their marketing fixed prices of petrol and diesel. LPG uncertainty further down. margins because auto fuel levels under-recoveries were compensated — Facts Global estimated that 450,000 are static. Higher prices eat away as seen in the ~22,000 crore provided bpd of Russian crude oil exports to marketing margins.” to oil marketing companies by the India were at risk following the January There have been concerns of run government in 2022-23. 10 sanctions by the US. Others estimate cuts by Indian refiners, but supply availThat support is no longer available. it at 600,000 bpd. State-run refiners ability from other crude oil suppliers Marketing margins on petrol and diesel have issued tenders for over 15 million does not seem to be an issue for now, need to be around ~8 per litre to barrels of crude oil for deliveries in said Singapore-based consultancy Facts compensate for losses incurred on LPG, March and April, with some of the barGlobal Energy in a report. “Of course, another analyst said. That would rels changing hands at a $4-5 per barrel this does impact margins.” The counrequire crude oil at $70 per barrel levels premium over the Dubai benchmark — try’s crude oil basket averaged $82.5 per on a sustained basis, something that compares to premiums of $1-1.5 per barrel as of January 21, a sharp rise from unlikely given the current turmoil in oil barrel prior to sanctions, increasing $73.3 per bbl in December 2024, it said. markets from Trump’s energy policies. crude oil sourcing costs for refiners, The February average is at $78.4 per bbl, The US President’s actions against Iran and further impacting profitability.

For and on behalf of the Board of Directors of Abbo�India Limited SWATI DALAL Place : Mumbai Managing Director Date : February 5, 2025 DIN : 01513751

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03

THURSDAY • 6-2-2025

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