Symphony Limited — Interim / Quarterly Report 2019

Jul 31, 2019

July 31, 2019

To, BSE Limited Security Code - 517385

National Stock Exchange of lndia Limited Symbol - SYMPHONY

Sub.: Outcome of Board Meeting

Dear Sir,

we are pleased to inform you that the Board of Directors has considered and approved the following in their meeting held todaY:

• 1. Unaudited Consolidated and Standalone Financial Results along with Limlted Review Reports issued by the statutory Auditors for the first quarter ended on June 30' 2019' copies of unaudited Financial Results, Limited Review Reports and Data sheet showing performance analysis of Unaudited financial results are attached herewith'
• 1. Declared 1., lnterim Dividend of I 1l- Fo%l per equity share having face value of { 2/- each for the financial Year 2019-20.

Kindly consider this as due compliance of Regulations 30, 33 and other applicable Regulations of the secriities and Exchange Board of tndia (Listing obligations and Disclosure Requirements) Regulations, 2015 and any other applicable provisions, if any.

The meeting was commenced at 10:30 hours (l5T) and concluded at 14 : 5o hours (15I.

Kindly take note of the same and oblige

Thanking You,

Yours Truly,

For, Symphony Limited

Mayur Barvadiya Company Secretary

Encl: (i) Unaudited Financial Results & Limited Review Report (ii) Datasheet

Email: companysecretary@symphonylimited.com

. Ch rt dA DeIOItte msggztfit HaSkins & sells Ahmedabad-380015

^S G Highway Gujarat, India

Tel: +91 79 6682 7300 Fax: +91 79 6682 7400

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF SYMPHONY LIMITED

• 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of SYMPHONY LIMITED ("the Company"), for the quarter ended June 30, 2019 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express ^a conclusion on the Statement based on our review.
• We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• Based on our review conducted as stated in paragraph ³ above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For DELOIITE HASKINS & SELLS Chartered Accountants (Firm's Registr _tion No. 1' 7365W) l

1.1 ( LymeX'v I'

Gaura JShah (Partner) (Membership No. 35701) (UDIN: 19035701AAAACX1233)

Place: Ahmedabad Date: July 31, 2019

SYMPHONY LIMITED

	Statement of Unaudited Standalone Financial Results for the Quarter	m		Ended on June 30. 2019
			Quarter Ended		Year Ended
5,.			- -	-	-
0' N	Particulars	(Unaudited)	_ (Unaudited)	_ (Unaudited)	(Audited)
	F		(Refer Note
			No.5)
1	Income	_
	Revenue from operations 3.	160i	138	7'9I	524
	Other Income b.	11		6	33!
	Total Revenue	171	10' 148	85-	557
2	Expenses Cost of Materials consumed	_
	a. Purchase of stock-in—trade b.	5	12 71	BI 32	22030'
	Changes in inventories of finished goods. c. work-ln-progresst	72 3	(12)	(2)	11
	and stock-in—trade
	Employee benefits expense d.	13	13	11
	Finance costs 9.	0	D	-	53' 0
	Depreciation and amortisation expense f.	1	1	1	4
	Advertisement and sales promotion expense 9.	28	4	19I	25
	Other expenses h.	15	9	12	50
	Total expenses	13?	98	1'9:	393
3 4	Profit before exceptional items and tax (1-2)		50	8 -	18
5	Exceptional Items (Refer note no. 4) Profit before tax (3-4)		20		24
6	Tax Expense	8	30	6	140'
7	Net Profit for the period	26	11	1 5	39
8	(5-6) Other comprehensive income		1st		101
	Items that will not to be reclassified to profit or loss :
	Re-measurement gains/(losses) on defined benefit plans (i)	(a)	(a)	_	(0)
	Income tax effect on above (ii) filtemc that will be reclassified to profit or loss :	a	g	_	o!
	Net fair value gain/(loss) on debt instruments (i)			-	0
	Income tax effect on above (ii)	(2} 0	5'	-
	Total other comprehensive income/(loss), net of tax	[2)	(1) 5	-	(0) o
9	Income (7+8) Total comprehensive	2	24	5	101
10	Paid-up Equity Share Capital (Face Value ? 2/— per share)	1	14	14	14
11	Resarves excluding Revaluation Reserve				655
12	Eemings Per Share (of 1 2/- each )*
	Basic 8. diluted (i)	3.76	2.76	0.78	14.

* EPS is not annualised for the quarters ended June 30, 2019, March 31, 2019 and June 30, 2018.

NOTES: 1. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on July 31, 2019.

1. The Statutory auditors of the Company have carried out limited review of the financial results for the quarter ended June 30, 2019.

2. The Board of Directors in their meeting held on July 31, ²⁰¹⁹ declared 1st interim dividend of t 1/- (50%) per equity share of i 2/- each amounting to ² 8.43 crores including dividend distribution tax.

4(a) The Company's investments of ^B 21.50 crores in Non-Convertible Redeemable Cumulative Preference Shares of Infrastructure Leasing & Financial Services Limited (IL&FS) are redeemable between March, 2021 to October, 2022. During last thel year, considering the prevailing uncertainty as regards recovery of these investments, the Company has provided for the loss allowance of entire investment amount of 2 21.50 crores.

(b) As reported in Annual Report of ^F Y 2016-17, some serious irregularities were observed in certain transactions executed by erstwhile Registrar & Transfer Agent M/s. Sharepro Services India Limited (Sharepro). The Company has filed FIR against Sharepro. their employees and others in this matter which is pending before Hon'ble Metropolitan Magistrate Court, Ahmedabad.

The Company has provided ¹ 2.55 crores during the last year towards compensation payable for the matter of two cases of the alleged fraudulent transfers.

1. The figures for the quarter ended March 31. 2019 are the balancing figures between audited figures in respect of the fulll previous financial year and the published year to date figures upto the third quarter of the relevant financial year, which were subjected to limited review.

6. Adoption of Ind AS 116- Leases

On April 01, 2019, the Company has adopted Ind AS 116. Leases, using modified retrospective method. Accordingly, the comparatives have not been retrospectively adjusted. The effect of this adoption is insignificant on the profit for the period andl earning per share.

7. Segment Results

As per recognition criteria mentioned in Ind AS-108, Operating Segment, the Company has identified only one operating segment is. Air Cooling and Other Appliances Business. However substantial portion of Corporate Funds remained invested in| various financial instruments. The Company has considered Corporate Funds as a separate segment so as to provide better understanding of performance of Air Cooling and Other Appliances Business:

					(? in Crores).
			Quarter Ended		Year Ended
Sr.		30~Jun-19	31-Mar-19	30-Jun-18	31 Mar-19
No_	Particulars (Unaudited)		(Unaudited) (Refer Note No.5)	(Unaudited)	(Audited)
	1 Segment Revenue
	a. Air Cooling and Other Appliances	161	140	30-	527
	Funds b. Corporate	10I	8	5	30'
	Segment Total	171	148	86-	557
	before Interest and Taxes - 2 Segment Results (Profit PBIT)
	a. Air Cooling and Other Appliances	24	39-	1	132
	b. Corporate Funds		(9)	5	8
	Segment Total	10f 341		6	140
	Less: Finance Costs	0	mi 0	-	0
	Less: Taxes		1 1	1	39'
	Total Profit After Tax	26 SI	19I	5k	101
	3 Segment Assets
	a. Air Cooling and Other Appliances	249	288I	304	288I
	Funds b. Corporate	526	481	365	481
	Segment Total	775	769I	seat	769!
	4 Segment Liabilities
	a. Air Cooling and Other Appliances	82	100:	60!	100
	Funds b. Corporate		-	-	-
	Segment Total	82	100-	60	101:!1
	5 Capital Employed (As at period en - '
	a. Air Cooling and Other Appli.	16?	188I	244.	188
	b. Corporate Funds	.526	481	365	481
	Segment Total	6931	669	609:	669

	8. Geographical Segment				(₹ in Crores)
			Quarter Ended		Year Ended
Sr.		30-Jun-19	31-Mar-19	30-Jun-18	31-Mar-19
No.	Particulars		(Refer Note No.5)	(Unaudited) (Unaudited) (Unaudited)	(Audited)
	1 Segment Revenue
	India a.	148	120	65	467
	Rest of the world b.	12	18	14	57
	Revenue from operations	160	138	79	524
	2 Segment Results (Profit before Interest and Taxes - PBIT)
	India a.	30	23		121
	Rest of the world b.	4			19
	Segment Total	34	30		140
	Less: Finance Costs	0	0		0
	Less: Taxes	8	11		39
NOTE:	Total Profit After Tax	26	19	5	101
	Secondary Segment Capital Employed: Fixed assets used in the Company's business and liabilities contracted have not been identified with any of the reportable segments, as the fixed assets and services are used interchangeably between segments. The Company believes that it is not practical to provide secondary segment disclosures relating to Capital employed.
			By Order Of The Board
			For Symphony Limited
	MAREDA&AD in Achal Bakeri Place: Ahmedabad Chairman & Managing Director Date: July 31, 2019 DIN-00397573
					wmpher
	World's Largest manufacture of Residential, Commercial and Industrial Air Coolers, Available in more than 60 countries. Symphony Limited, Symphony House, FP-12 TP-50, Bodakdev, Off SG Highway, Ahmedabad 380054, India. CIN: L32201GJ1988PLC010331 Web: www.symphonylimited.com Email: corporate@symphonylimited.com Phone: +91-79-66211111 Fax: +91-79-66211139

MOVICOL DIET3P TOUCH CLOUD SILVER / STOPE DIET MOOD WINTER SUNCO JUMBO WINDOW Artic Orde Mosler Cool KI COELAIR EBONAIRE

I Chartered Accountants De Oltte 19m Floor, Shapath - HaSkins & sells Ahmedabad-380 ⁰¹⁵

V ^S G Highway Gujarat, India

Tel: +91 79 6682 7300 Fax: +91 79 6682 7400

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF SYMPHONY LIMITED

• 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of SYMPHONY LIMITED ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") for the quarter ended June 30,2019 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express ^a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). ^A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

• 1. The Statement includes the results of the following entities:
• i. Symphony Limited(Parent)
• ii. Symphony AU Pty Limited(Subsidiary)
• iii. Guangdong Symphony Keruilai Air Coolers Co. Limited(Subsidiary)
• iv. IMPCO S. de. R.L. De. C.V., Mexico(Subsidiary)
• v. Climate Technologies Pty. Ltd., Australia (Subsidiary)
• vi. Bonaire USA LLC, USA (Subsidiary)

Deloitte Haskins 8: Sells

• 1. Based on our review conducted and procedures performed as stated in paragraph ³ above and based on the consideration of the review reports of the other auditors referred to in paragraph ⁶ below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. We did not review the interim financial results of ⁵ subsidiaries included in the unaudited consolidated financial results, whose interim financial results reflect total revenues of Rs. 135.77 crores , total net profit after tax of Rs. 4.48 crores and total comprehensive income of Rs. 4.51 crores for the quarter ended June 30, 2019 as considered in the Statement. These interim financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph ³ above.

Our conclusion on the Statement is not modified in respect of this matter.

For DELOI'l'l'E HASKINS & SELLS Chartered Accountants .x'; Firm's Registration No. ¹¹ 355W) .3? ,L4-xmu—Lrw Ski-.1 'i' AHMED/«BAD _. Gaurav ^J Shah (Partner) (Membership No. 35701) (UDIN: 19035701AAAACY1557)

Place: Ahmedabad Date: July 31, 2019

SYMPHONY LIMITED

	Statement of Unaudited Consolidated Financial Results for the Quarter		Ended on June 30,	2019
			Quarter Ended		Year Ended
Sr.
No.	Particulars	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
			(Refer Note
			No.7)
1	Income
	Revenue from operations a.	292	235	146	844
	Other Income b.	12	11	6	39
2	Total Revenue	304	246	152	883
	Expenses Cost of Materials consumed a.	60	77	26	248
	Purchase of stock-in-trade b.	80	74	43	221
	Changes in inventories of finished goods, c. work-in-progress			5	(16)
	and stock-in-trade	19	16 ) (
	Employee benefits expense d.	27	28	17	103
	Finance costs e.	3	3	-	7
	Depreciation and amortisation expense f.	6	3	2	10
	Advertisement and sales promotion expense 9. h.	31	6	19	33
	Other expenses Total expenses	37 263	37 212	19 131	123 729
3	Profit before exceptional items and tax (1-2)	41	34	21	154
4	Exceptional Items (Refer note no. 6)	-	20-	-	24
5	Profit before tax (3-4)	41	14	21	130I
6	Tax Expense	8	11	1	39
7	Net Profit for the period (5-6)	33	3	20	91
	Attributable to: Owners of the Company	33	4	20	92
	Interests Non Controlling	(0)	(1)	-	(1)
8	Other comprehensive income
	Items that will not to be reclassified to profit or loss :
	Re-measurement gains/(losses) on defined benefit plans (i)	(0)	o	-	(0)
	Income tax effect on above (ii)	0	o	-	0
	Items that will be reclassified to profit or loss :
	Net fair value gain/(loss) on debt instruments (i)	(2)L	5	_	0
	Income tax effect on above (ii)	0	(1)	-	(0)
	Total other comprehensive income/(loss), net of tax	(2).	5	-	o
9	Total comprehensive income (7+8)	31	a	20	91
	Attributable to: Owners of the Company	31	9	20	92
	Non Controlling Interests	(0)	(1)	_	(1 )
10	Paid-up Equity Share Capital (Face Value ? 2/- per share)	14	14	14	14
11	Reserves excluding Revaluation Reserve				652
12	Earnings Per Share (of R 2I- each )*
	Basic & diluted R)	4.80	0.49	2.91	13.09

0 represents amount less than ^a 50 lacs.

* EPS is not annualised for the quarters ended June 30. 2019, March 31, 2019 and June 30, 2018. NOTES:

1. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on July 31 . 2019.

2. The Statutory auditors of the Company have carried out limited review of the financial results for the quarter ended June 30, 2019.

3. The Board of Directors in their meeting held on July 31, ²⁰¹⁹ declared 1st interim dividend of ² 1/- (50%) per equity share of i 2!- each amounting to t 8.43 crores including dividend distribution tax.

1. Symphony AU Pty Ltd, Australia. a subsidiary of the Group. acquired 100% equity capital of Climate Technologies Pty Ltd, Australia effective from July 01, 2018 and in accordance with the requirements of Ind AS 103-"Business Combination", the Group consolidated the financial figures on provisional basis effective from the quarter ended on September 30, 2018 and for the period thereafter. The determination of the purchase price consideration of ³ 203.26 crores (A\$ 41.408 Million) of the acquired company have been validated by an independent agency. Accordingly, the Company has accounted for the said acquisition in its books at fair values as on the date of acquisition. In pursuant to the above, the figures for the quarter ended June 30, 2019 include the figures of the business of Symphony AU Pty. Ltd., Australia and hence, the figures are not comparable with the figures of corresponding quarter ended on June 30, 2018.

2. The Group has incorporated ^a wholly owned subsidiary company, "Symphony Climatizadores Ltda", Brazil, during the quarter, to carry out the trading activities in the Air Cooling and Other Appliances. There are no financial transactions in the subsidiary.

3. (a) The Group's investments of § 21.50 crores in Non-Convertible Redeemable Cumulative Preference Shares _of infrastructure Leasing & Financial Services Limited (lL&FS) are redeemable between March, 2021 to October, 2022. During the last year, considering the prevailing uncertainty as regards recovery of these investments, the Group has provided for the loss allowance of entire investment amount of ? 21.50 crores.

(b) As reported in Annual Report of ^F Y 2016-17, some serious irregularities were observed in certain transactions executed by erstwhite Registrar & Transfer Agent M/s. Sharepro Services India Limited (Sharepro). The Group has filed FIR against Sharepro, their employees and others in this matter which is pending before Hon'ble Metropolitan Magistrate Court, Ahmedabad. The Group has provided ? 2.55 crores during last year towards compensation payable for the matter of two cases of the alleged fraudulent transfers.

1. The figures for the quarter ended March 31, 2019 are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures upto the third quarter of the relevant financial year, which were subjected to limited review.

8. Adoption of lnd AS 116- Leases

On April 01, 2019, the Group has adopted Ind AS 116, Leases, using modified retrospective method. Accordingly, the comparatives have not been retrospectively adjusted. The effect of this adoption is insignificant on the profit for the period and earning per share.

9. Segment Results

As per recognition criteria mentioned in lnd AS—108, Operating Segment, the Group has identified only one operating segment i.e. Air Cooling and Other Appliances Business. However substantial portion of Corporate Funds remained invested in various financial instruments. The Group has considered Corporate Funds as ^a separate segment so as to provide better understanding of performance of Air Cooling and Other Appliances Business.

					1! in Crores)
			Quarter Ended		Year Ended
		30-Jun-19	31-Mar-19	30-Jun-18	31-Mar-19
Sr No '	Particulars	(Unaudited)	(Unaudited) (Refer Note No.7)	(Unaudited)	(Audited)
	1 Segment Revenue
	a. Air Cooling and Other Appliances	294	238!	147	853
	b. Corporate Funds	10	a	5	30
	Segment Total	304	246	152	883
	before Interest and Taxes - 2 Segment Results (Profit PBlT)
	a. Air Cooling and Other Appliances	34	26	16	129
	b. Corporate Funds	10-	(9)	5	8
	Segment Total	44	17	21	1 37
	Less: Finance Costs	3	3	-	7
	Less: Taxes	3	11	1	39
	Total Profit After Tax	33	3	20	91
	3 Segment Assets
	a. Air Cooling and Other Appliances	590	601	394	601
	b. Corporate Funds	526	481	364	481
	Segment Total	1,116	1,082	753	1,082
	4 Segment Liabilities
	a. Air Cooling and Other Appliances b. Corporate Funds	415 -	413 -	127 ~	413 -
	Segment Total	415	41 3	127	413
	5 Capital Employed (As at period en- .
	a. Air Cooling and Other Applla	11's	18!!	267	188
	b. Corporate Funds	526	481	364	481
	Segment Total	701	3691	631	669]

	1o. Geographical Segment				(t in Creme)
			Quarter Ended		Year Ended
		30-Jun-19	31 -Mar-19	30-Jun-18	31 Mar-19
' Sr No.	Particulars	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
			(Refer Note No.7)
	1 Segment Revenue
	India a.	14:31	120:	66	467
	Rest of the world b.	' 144	115	80-	377
	Revenue from operations	292	235	146	844
	2 Segment Results (Profit before Interest and Taxes — PBIT)
	India a. '	30	23	1	121
	Rest of the world b.	14	(6)	20	16
	Segment Total	44	17	21F	137
	Less: Finance Costs	3	3	-	7
	Less: Taxes	8	11	1	39:
	Total Profit After Tax	33	3	20	91
NOTE:
	Secondary Segment Capital Employed :

Fixed assets used in the Group's business and liabilities contracted have not been identified with any of the reportable segments, as the fixed assets and services are used interchangeably between segments. The Group believes that it is not practical to provide secondary segment disclosures relating to Capital employed.

By Order Of The Board Place : Ahmedabad Date : July 31, 2019 airmen & Managing Director D 430397573 World's Largest manulacture ⁰¹ Residential. Commercial and industrial Air Coolers. Available in more than 60 countries. Symphony Limited, Symphony House, FP'IZ TP—SO, Bodakdev, ⁰¹¹ 56 Highway. Ahmedabad 380054. India CIN: L32201631988PLC010331 ¹ Web: www Symphonylimiied com ^I Email: corporatecdsymphonylimited.com lPhone: +91-79-66211111l Fax: +9l-79-66211139 m©x can!) nucu CLOUD 5mm st...) r- DIET him wmler M mm mm»: Arctic Circle MasterCool 'Hl (Se-um- "WE'RE

(A) Standatone Performance Analysis

i) Sates & Profitab			(t in Crores)
	Standatone
Particutars		Quarter Ended	Year Ended
	50-Jun-19	30-Jun-18	31-Mar-19
	(Unaudited)	(Unaudited)	Gudited)
Sates	160	79	522
Growth %Y-O-Y	toz%
Other Operating income	0		2
Revenue from operations	160	79	524
Growth %Y-O-Y	toz%
Other lncome	T7	6	33
Gross Revenue	17L	B5	557
Growth %Y-O-Y	to2%
Gross Margin(Sates - Material Cost)Vatue	BO	43	267
EBITDA	35.47	6.80	t44.44
PBT	34.4t	5.73	139.90
Growth %Y-O-Y	500%
PAT	26.4t	4.76	100.90
Growth %Y-O-Y -'.A	455%

v, o

ii) Margins
Gross margin % of Sales	50%	54%	50%
EBITDA % of Gross Revenue	21%	8%	26%
PBT Margin % of Gross Revenue	20%	7%	25%
PAT Margin % of Gross Revenue	15%	6%	18%

iii) Segment-wise capital employed and ROCE (PBIT)			$($ ₹ in Crores)
	Standalone
		Quarter Ended	Year Ended
Particulars		30-Jun-19 30-Jun-18	31-Mar-19
		(Unaudited) (Unaudited)	(Audited)
Capital employed (Monthly Average)
Air Cooling and Other Appliances	161	174	114
Corporate Funds	522	432	512
ROCE(PBIT) - Not Annualised
Air Cooling and Other Appliances	15%	1%	116%
Corporate Funds	2%	$1\%$	2%

iv) Treasury Investment:
a) Treasury Investment (excluding	526	365	481
investments in subsidiaries)
b) Treasury Investment (including	613	444	569
investments in subsidiaries)

v) Geographical Segment-wise Revenue
Segment Revenue
India	148	55
Rest of the world
Total	16 0

(B) Consolidated Performance Analysis

i) Sales & Profitability		$($ in Crores)
		Consolidated
		Quarter Ended	Year Ended
Particulars		$30 - Jun - 19$ 30-Jun-18	31-Mar-19
		(Unaudited) (Unaudited)	(Audited)
Sales	291	146	842
Growth % Y-O-Y	100%
Other Operating income			$\overline{2}$
Revenue from operations	292	146	844
Growth % Y-O-Y	100%
Other Income	12	6	39
Gross Revenue	304	152	883
Growth % Y-O-Y	100%
Gross Margin(Sales - Material Cost)Value	132	72	389
EBITDA	49.57	22.92	146.83
PBT	40.94	21.07	130.06
Growth % Y-O-Y	94%
PAT	33.41	20.10	91.35
Growth % Y-O-Y	66%

ii) Margins
Gross margin % of Sales	45%	50%	46%
EBITDA % of Gross Revenue	16%	15%	17%
PBT Margin % of Gross Revenue	13%	14%	15%
PAT Margin % of Gross Revenue	11%	13%	10%

iii) Segment-wise capital employed and ROCE (PBIT)
Capital employed (Monthly Average)
Air Cooling and Other Appliances	165	189	133
Corporate Funds	522	432	512
ROCE(PBIT) - Not Annualised
Air Cooling and Other Appliances	21%	9%	97%
Corporate Funds	2%	1%	2%

iv) Treasury Investment
Treasury Investment	526	367

v) Geographical Segment-wise Revenue	$($ ₹ in Crores)
Consolidated
	Quarter Ended		Year Ended
Particulars		30-Jun-19 30-Jun-18 31-Mar-19
	(Unaudited) (Unaudited)		(Audited)
Segment Revenue
India	148	66	467
Rest of the world	144	80	377
Total	292	146	844

(C) Shareholders' Payout

Dividend per share $\overline{\epsilon}$ (on Face value $\overline{\epsilon}$ 2)
Interim Dividends	1.00	1.00	3.00
Final Dividends			1.50
Dividend (%)
Interim Dividends	50%	50%	150%
Final Dividends			75%

Sympheny

World's Largest manufacture of Residential, Commercial and Industrial Air Coolers. Available in more than 60 countries.

Symphony Limited, Symphony House, FP-12 TP-50, Bodakdev, Off SG Highway, Ahmedabad 380054, India.

CIN: L32201GJ1988PLC010331 | Web: www.symphonylimited.com | Email: corporate@symphonylimited.com | Phone: +91-79-66211111 | Fax: +91-79-66211139

AHMEDABAD

MOVIGOL DIET3^D TOUCH CLOUD SILVER / STOTTI DIET MCOOL WINTER SUMO JUMBO WINDOW Arctic Circle Moster Cool HI COCLAIR EBONAIRE

$10$