Symphony Limited — Regulatory Filings 2021

Jul 23, 2021

July 23, 2021

To, To, National Stock Exchange of India Limited BSE Limited Symbol – Symphony Security Code – 517385

Sub: Outcome of Board Meeting

Dear Sir,

We are pleased to inform you that the Board of Directors, in their meeting held today, has considered and approved the Unaudited Consolidated and Standalone Financial Results alongwith limited review reports issued by the statutory auditors for the first quarter ended on June 30, 2021. Copies of Unaudited Financial Results, Limited Review Reports and Data Sheet showing performance analysis of Unaudited Financial Results are attached herewith.

Kindly consider this as due compliance of Regulation 30, 33 and other applicable provisions, if any of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meeting was commenced at 18:30 hours (IST) and concluded at 19:30 hours (IST).

Kindly take note of the same and oblige.

Yours Truly, For, Symphony Limited

MAYUR C BARVADIYA Digitally signed by MAYUR C BARVADIYA DN: cn=MAYUR C BARVADIYA c=IN o=Personal Reason: I am the author of this document Location: Date: 2021-07-23 19:33+05:30

Mayur Barvadiya Company Secretary

Encl: as above.

Deloitte Haskins & Sells

Chartered Accountant! 19th floor, Shapath-V S.G. Highway Ahmedabad'380 015 Gujarat,lndia

Tel: +91 79 6682 7300 Faxi+91 79 6582 7400

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STAN DALONE FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF SYM PHONY LIMITED

• 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of SYMPHONY LIMITED ("the Company") for the quarter ended lune 30, 2021 ("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.
• 1. 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.
• 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 financiat 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.
• 1. 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.

FoT DELOITTE HASKINS & SELLS Cha rtered Accou ntants (Firm's Registration No. 117365W)

'Q*,*

Kart eya Raval ( Pa rtne r) (Membership No. 106189) (UDIN : 21 106189AAAAIM6847)

Place: Ahmedabad Date: luly 23,2027 WORLD LEADER IN AIR COOLING

HOPI

Bage O

SYMPHONY LIMITED

(₹ in Crores)

	Statement of Unaudited Standalone Financial Results for the Quarter Ended on June 30, 2021		Quarter Ended		Year Ended
Sr.			30-Jun-21 31-Mar-21 30-Jun-20		31-Mar-21
No.	Particulars		(Unaudited) (Refer Note (Unaudited) No.5)		(Audited)
1	Income
	Revenue from operations a.	104	212	40	488
	Other income b.		8	10	36
	Total Revenue	113	220	50	524
$\overline{\mathbf{2}}$	Expenses			3	41
	Cost of materials consumed a.	(0) 64	122	13	258
	Purchase of stock-in-trade b. Changes in inventories of finished goods, work-in- C.	(9)	(13)	6	(10)
	progress and stock-in-trade
	Employee benefits expense d.	15	12	13	51
	Finance costs е.		0	0	$\circ$
	Depreciation and amortisation expense f.				5
	Advertisement and sales promotion expense g.	19 15	14 17	$6 \mid$	22 47
	Other expenses h.	105	153	49	377
3	Total expenses Profit before tax (1-2)	8	67	1	147
4	Tax expense		18	$\Omega$	35
5	Net Profit for the year/period (3-4)		49		112
6	Other comprehensive income
	Items that will not to be reclassified to profit or loss :
	Re-measurement gains/(losses) on defined benefit plans (i)			(0)	1
	Income tax effect on above (ii)		(0)		(0)
	Items that will be reclassified to profit or loss :
	Net fair value gain/(loss) on debt instruments (i)	5	(2)		5
	Income tax effect on above (ii)	(1)	$\mathbf{0}$	(0)	(1)
	Total other comprehensive income/(loss), net of tax	$\boldsymbol{4}$	(1)		5
7	Total comprehensive income for the year/period (5+6)	11	48		117
8	Paid-up Equity Share Capital (Face Value ₹ 2/- per share)	14	14	14	14
9	Reserves excluding Revaluation Reserve				747
10	Earnings Per Share (of ₹ 2/- each)*
	Rasic & diluted $(\bar{z})$	0.99	7.09	0.21	16.06

0 represents amount less than ₹ 50 lacs.

* EPS is not annualised for the quarters ended June 30, 2021, March 31, 2021 and June 30, 2020. NOTES:

1. The above financial results have been reviewed by the Audit Committee in its meeting held on July 22, 2021 and approved by the Board of Directors in their meeting held on July 23, 2021.

2. The Statutory auditors of the Company have carried out limited review of the financial results for the quarter ended June 30.202

AHMEDARA ő,

1. The demand and sentiments were quite buoyant until middle of April, 2021. How€v6r, the s€cond wave of Covid-1 pandamic llcross the cartain parts of lhe Country has contribulod decline in economic activities. The secofld wave was at p€ak during the onset of lhe summer in lndia and henco th€ op€rations of the Company w6re afiecled for th€ quarter.

Company has considered the possible effects that may result fmm Covid-1g in the preparation of these fmancial resu the r€coverability of carrying amounts of financial and non-tinancial assets. h d€voloping the assumptions th6 possible future uncortainti€s in the economic conditions b€causo of Covid-1g, the Company has, at th€ date approval of lhe financial resutts, used intemal and extomal sources of information and expects that the canying amount assets will be recovered. The impacl of Covid-1g on Company's financial results may differ from that estimated as at date of aoDroval of the same

The Code on Wages, 2019 and Code on Social Security, 2020 (the "Codes") relating to employee compensation and post employment benefits lhat received Presid€ntial assent have not been notified. Further, the related rules for quantifying impaci hav€ not been notifiod. The Company will assess th€ impacl of the Codes wh6n the rul€s are notified a record any related impact in the p€riods the Codes becomes effec{ive

1. The figures for the quarter ended March 31,2021 are balancing ligures between audited figures in respecl of the full year and year to dale figures upto the third quarter of the financial year, which were subjected to limited review-

Segment Results

As per recognition criteria mentioned in lnd AS-108, Operating Segments, the Company has identified Air Cooling and Othe Appliancos Business as operating segment. However substanlial portion of Corporale Funds remained invested in vario nancial instruments. The Company has considerod Corporate Funds as a separate sogm€nt so as to provido understanding of performance of Air Cooling and Other Appliances Business

		c			Ysar Endod
Sr.		30Jun-21	31-llrar-21	30Jun-20	31-tlar-21
i,ao.	Partlculars	(Unaudit€d)	(Rsfer Note No.5)	(Unar-dited)	(Audit€d)
1	Segment R€venue
	a. Air Cooling and Oth€r Applhnc€s	1 05	5 1	40	495
	b- Corporate Funds	7	5	7	27
	c. Un€llocabb	1	0	3	2
	S.gtnsnt Total	d 11	220	50	521
2	S€gment R6ults (Profit beforE lntor€st ard Taxes - PBIT)
	a. Air Cooling and Other Appliances	0	63	e) (	119
	b. Corporat€ Funds	7	4	7	26
	c. Un-alloc€ble	1	0	3	2
	Sogmont Totrl		G7	1	117
	Less: Finsno Costs	:	0	0	0
	Less: Taxes	1	18	0	35
	Tot l Profit Afior T.x	7	49	1	112
	S€gm€nt Assets
	a. Air Cooling and Other Appliances	zct	254	2U	258
	b. Corporate Funds	459	481	385	481
	c. Un-allocable	145	143	128	143
	Segmcnt Total	u1	882	f17	82
4	Segmont Liabilities
	a. Air Cooling and Other Appliances	u:	121	u1	121
	b. cofporate Funds
	c. Un€llocable
	S€gnr.nt Totrl	69	121	6:t	121
5	C.ptfrl Ernploy€d (A3 at yearrporlod 6nd) r. Al? Coollng rnd Othor Appllanc6r
	b. Corporete Funds	168	137 48'l	141	137 441
	c. Un-allocable	459 145	143	385 12A	143
	Segm.nt Total	Tt2	761	654	78'.1

/r,/ o

7. Geographical Segment (₹ in Crores) Year Ended Quarter Ended 30-Jun-21 31-Mar-21 30-Jun-20 31-Mar-21 Sr. Particulars (Unaudited) (Refer Note (Unaudited) (Audited) No. $No.5)$ Segment Revenue 1 431 India 174 34 86 a. 57 18 6 Rest of the world 38 $h$ Revenue from operations 104 212 40 488 $\overline{2}$ Segment Results (Profit before Interest and Taxes - PBIT) 131 55 $\mathbf{0}$ India $\overline{2}$ a. b. Rest of the world 6 $12$ 16 147 Segment Total 8 67 $\Omega$ Less: Finance Costs 0 0 35 18 O Less: Taxes 1 49 112 Total Profit After Tax $\overline{7}$ 1 NOTE: 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 N) For Symphony Limited AHMEDABAD Nrupesh Shah Executive Director Place: Ahmedabad ÷ DIN-00397701 Date: July 23, 2021 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 380059, India. CIN: L32201GJ1988PLC010331 | Web: www.symphonylimited.com | Email: corporate@symphonylimited.com | Phone: +91-79-66211111 | Fax: +91-79-66211139

MOVIGOL DIET3P TOUCH CLOUD SILVER / STOTT: DIET / 1000L WINTET SUMO JUMBO WINDOW Arctic Circle Moster Cool KI COELAIR EBONAIRE

Deloitte Haskins & Sells

chartered Accountants 19th floor, Shapath'v 5.G. Highway Ahmedabad-380 015 Gujarat,lndia

Tel: +91 79 6682 7300 Fa* +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 consolidated Unaudited Financial Results of SYMPHoNY LrMrrED ("the parent") and its subsidiaries (the parent and its subsidiaries together referred to as "the Group"), for the quarter ended June 30, ²⁰²¹ ("the statement") being submitted by the parent pursuant to ihe requirement of Reg;lation 33 of the SEBI (Listing obrigations and Discrosure Requirements) Regurations, z-ors, u, amended.
• 1. This statement. which is the responsibirity of the parent,s Management and approved by the Parent's Board of Directors, has been prepared in accordance-wi\$r tne recolnition ana measurement principles laid down in the Indian Accounting Standard 34.'Interii-r Financial Reporting" ("Ind AS 34"), prescribed under section 133 oi the companies Act, 20i3 read with relevant rures issued thereunder and other accounting principres g"nu.uIy iccepteo in India. our responsibirity is to express a concrusion on the statement based on our review.
• 3' we conducted our review of the statement in accordance with the standard on Review Engagements (sRE) 2410 "Review of Interim Financiar Information p".ro.."J tv tn" Independent Auditor of the Entity'i issued by the insltute of Chartered Accountants of Indla (ICAI). A review of interim financiar 'informairon consists of making inquiries, primariry of .parent's personner responsibre for financiar and accountin! ,itu[, uno applying analyticar and other review procedures. Aleview is substantia[y ress in scope than an audit conducted in accordance with standards on Auditing specifred under section assurance 143(10) of.the companies Act, 2013 uno .onr"lr"ntry does not enabre us to obtarn in that we would become aware of all signiiicant matters that .ijr,t 6" identified an audtt. Accordingly. we do not "*p."r. in "r.iJi[ opintor.

we arso performed procedures in accordance wrth the circurar issued by the 'EBI Reguration 33(8) of under the :E81 rLi.ting -obiiq;tioni "no Regutations, Discrosure Requirements) 2015, as amended, t" ii ^u"ri""t lp'p]i.I'nt".

• 1. The Statement includes the results of the following entities:
• Symphony Limited ( pa rent) L
• Symphony AU fty Limited (SubsiOiary; ii.
• Symphony Climatizadores Ltda, Brazil'(Subsidiary) iii.
• 9y^"!gd^*g symphony Keruitai Air c.o^oi".r--o. li#ited (subsidiary) '"" iv.
• lYfc9 s: de. R.L. De. c.v., Mexico (suosiaL.vi '--
• Ulrmate Technologies fty. Ltd., Australia (Subsidiarv)
• 6onaire USA LLC, USA (Subsldiary) vii.

Deloitte Haskins & 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 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 information / financial results of 5 subsidiaries included in the consolidated unaudited financial results, whose interim financial information / financial results reflect total revenues of Rs. 128.20 Crore for the quarter ended June 30,202L, total net loss after tax of Rs. 4.48 Crore for the quarter ended June 30,2O2L, and total comprehensive loss of Rs. 4.49 Crore for the quarter ended June 30,2027. as considered in the Statement. These interim financial information / 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 the above matter with respect to our reliance on the work done and the reports of the other auditors.

1. The consolidated unaudited financial results includes the interim financial information/ financial results of a subsidiary which has not been reviewed by their auditors, whose interim financial information/ financial results reflect total revenue of Rs. 0.90 Crore for the quarter ended June 30,2021, total profit after tax of Rs. 0.27 Crore for the quarter ended lune 30,2O2L and total comprehensive income of Rs. 0.27 Crore for the quarter ended lune 30,2027, as considered in the Statement. According to the information and explanations given to us by the l\4anagement, these interim financial information / financial results are not material to the Group.

Our Conclusion on the Statement is not modified in respect of our reliance on the interim financial information / results certified by the Management.

FoT DELOITTE HASKINS & SELLS Chartered Accountants (Firm's Registration No. 117365W)

Kartikeya Raval pa rtner (Membership No. 106189) (UDIN : 21 106189AAAAIN8780)

Place: Ahmedabad Date: J uly 23, 2027

SYMPHONY LIMITED

(₹ in Crores) Statement of Unaudited Consolidated Financial Results for the Quarter Ended on June 30, 2021 Year Ended Quarter Ended Sr. $30 - Jun-21$ 31-Mar-21 30-Jun-20 31-Mar-21 Particulars No. (Unaudited) (Refer Note) (Unaudited) (Audited) $No.7$ Income 1 a. Revenue from operations 230 339 154 900 Other income 6 $31$ b. 8 F Total Revenue 345 162 931 238 Expenses $\overline{2}$ Cost of materials consumed 70 60 238 65 $\mathbf{a}$ b. Purchase of stock-in-trade 70 124 13 260 Changes in inventories of finished goods, work-in- $(5)$ $(18)$ $21$ C. $(1)$ progress and stock-in-trade d. Employee benefits expense 29 24 26 103 3 $\overline{2}$ e. Finance costs $\overline{2}$ 11 $\overline{5}$ 5 6 $21$ f. Depreciation and amortisation expense Advertisement and sales promotion expense $21$ $14$ $\overline{7}$ $25$ la. Other expenses 40 41 32 136 h. 263 166 793 Total expenses 228 138 Profit/(Loss) before exceptional items and tax (1-2) 3 82 $(4)$ 10 4 Exceptional Items (Refer note no. 3) 5 Profit/(Loss) before tax (3-4) 10 82 $(4)$ 131 6 Tax expense (Refer note no. 4) 19 $(6)$ 24 $\Delta$ $\overline{7}$ Net Profit/(Loss) for the year/period (5-6) 6 63 107 $\overline{\mathbf{z}}$ $\overline{2}$ Attributable to: Owners of the Company 6 62 107 Non Controlling Interests $(0)$ $(0)$ $\mathbf 0$ 8 Other comprehensive income Items that will not to be reclassified to profit or loss : Re-measurement gains/(losses) on defined benefit plans $(0)$ $(i)$ $(0)$ 1 $(ii)$ Income tax effect on above $\Omega$ $(0)$ 0 $(0)$ Items that will be reclassified to profit or loss : $(i)$ Net fair value gain/(loss) on debt instruments 5 $(2)$ 5 $\overline{2}$ $(ii)$ $(1)$ $(1)$ Income tax effect on above $\mathbf{0}$ $(0)$ Total other comprehensive income/(loss), net of tax $(1)$ $\overline{2}$ 5 9 Total comprehensive income for the year/period (7+8) 62 112 $10$ 4 Attributable to: Owners of the Company 61 10 112 Non Controlling Interests $(0)$ $(0)$ $\mathbf 0$ 1 $10$ Paid-up Equity Share Capital (Face Value ₹ 2/- per share) $14$ $14$ $14$ $14$ $11$ Reserves excluding Revaluation Reserve 745 $12$ Earnings Per Share (of ₹ 2/- each )* Basic & diluted (₹) 9.05 $0.22$ 0.87 15.35

0 represents amount less than ₹ 50 lacs.

EPS is not annualised for the quarters ended June 30, 2021, March 31, 2021 and June 30, 2020. NOTES:

1. The above financial results have been reviewed by the Audit Committee in its meeting held on July 22, 2021 and approved by the Board of Directors in their meeting held on July 23, 2021.

2. The Statutory auditors of the Company have carried out limited review of the financial results for the quarter ended June 30, 2021.

3. IMPCO S. de. R L. de. C. V., Mexico has provided for doubtful debts during the quarter ended September 30, 2020 of ₹7.2 Cr., estimated at 80% of the outstanding receivable from one of its top customers which has applied for bankruptcy in Mexican Court and the same has been shown as an exceptional item.

AHMEDABAD G

During the quarter, Symphony AU Pty. Ltd. ('Subsidiary Compeny") has filed its retum with Australian Securitbs lnvestrnents Commission (ASIC) as statutorily required by the local laws of the Subsidiary Company for the year ended 31, 2021 . The tax expenses for the quarter is adjusted to give ofiect of defened tax ass€t as per the retum filed with ASIC e year ended March 31,2021 vis-a-vis the d€fened tax asset determined by the Subsidiary Company as at March 31, 2021

1. The demand and sentiments w6r6 quite buoyant until middle of Apfl 2021. Howover, the second wave of Covid-1g pandemic across the certain parts of lndia and Australia has Gontributed dedine in economic aclivities.

The Group has considered the possibl€ efiects that may result from Covid-1g in tne preparation of these financial including the recoveEbility of carrying amounts of financial and non-financial assets. ln developing the assumptions r€lating possibl€ tuture uncertainties in the economic conditions becauso of Covid-1g, th€ Group has, at the date of approvel of lhe r€sults, us€d intemal and extemal sourcos of information and expects that the carrying amount of lhe assets will b€ recoverEd. The impad of covid-lg on Group's financial results may difier from that estimated as at the date of approval of the same.

1. The Code on Wages, 2019 and Code on Social Security, 2020 (the "Codes') relating to employee comPensation and employment benefits that rec€ived Prosid€ntial assent have not been notified. Further, the relaled rules for quantfying financial impact have nol b€en notified. The Group will assess the impact of th€ Codes wh€n the rules are notified and wil record any relatod impact in the poriods the Codes becomes effective.

2. Th€ ngures for the quarter ended M arch 31, 2021 are balancing figures between audited figures in respect of tho tull year and year to date figures upto the third quarter of th6 financial year, which wsre sub.iecled to limited roview.

8. Segmcrfi Re3u]!s

per recognition crit€ria montioned in hd AS-108, op€rating segments, th6 Group has identifi€d Air cooling and Businsss as op€rating segment. However substantial portion of Corporate Funds remained invested in ve instruments. The Gmup has considered Corporate Funds as a separate segment so as to providE undgrstanding of performance of Air Cooling and Other Applianc€s Business

					in Crores
			cluarter Ended
Sr.		30-Jun-21	31-Mar-z'l	30Jun-20	Year Ended t1-Mdr-21
No.	Particulars	(Unaudited)	(Refer Note No.7)	(Unaudited)	(Audited)
1	Segment Revenue
	e. Air Coding and Other Appliances	231	340	155	904
	b. Corporato Funds	7		7	27
	Segment Total	238	345	162	931
2	Sogment RosulB (Profit before lntorest and Taxes - PBIT)
	a. Air Cooling and Other Appliances	5		(e)	116
	b. Corporate Funds	7	4	7	26
	c. Un€llocable
	Scgment Tot l	12	8;	t2l	112
	Less: Finance Costs	2	3	2	11
	Less: Taxes	4	19	(6)	24
	Tot l Proflt Afrer Trx	6	63	2	107
3	Segment Assets
	a. Air Cooling and Other Appliancas	721	739	627	739
	b. corporete Funds	459	481	385	481
	Scgment Totel	1,1s0	1,220	1,012]	1,22O
4	Segment Liabilities
	a. Air Cooling and Other Appliancas	404	456	360	456
	I b. Corporate Funos
	Segment Totsl	404	456	360	456
6	I Employed (As at year/peiiod end)
	a. Air Coollng and Othet Appllances	157	123	338	123
	b. Corporate Funds	459	481		481
	Sesment Total	916	904	723	904

HY /.

	9. Geographical Segment				(₹ in Crores)
		Quarter Ended			Year Ended
Sr.		30-Jun-21	31-Mar-21	30-Jun-20	31-Mar-21
No.	Particulars	(Unaudited)	(Refer Note) No.7)	(Unaudited)	(Audited)
1	Segment Revenue
	India a.	86	174	34	431
	Rest of the world b	144	165	120	469
	Revenue from operations	230	339	154	900
$\overline{2}$	Segment Results (Profit before Interest and Taxes - PBIT)
	India a.	$\begin{array}{c} 2 \ 10 \end{array}$	55	0	131
	Rest of the world b		30	(2)	11
	Segment Total	12	85	(2)	142
	Less: Finance Costs	2	3		11
	Less: Taxes	4	19	(6)	24
NOTE:	Total Profit After Tax	6	63		107
	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
		For Symphony Limited		ONY
			ch	AI-MIEDABAD
		Nrupesh Shah
	Place: Ahmedabad	Executive Director
	Date: July 23, 2021	DIN-00397701
					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 380059, India.
	CIN: L32201GJ1988PLC010331 Web: www.symphonylimited.com Email: corporate@symphonylimited.com Phone: +91-79-66211111 Fax: +91-79-66211139
Our Global Brands:	MOVICOL DIET3 D TOUCH CLOUD SILVER / STOTED DIET / 1000L winter SUMO JUMBO WINDOW Arctic Circle Master Cool KI COELAIR EBONAIRE

(A) Standalone Performance

i) Sates I Profitability			(? in Crores!
	Standatone
	Ouarter Ended		Year Ended
Particutars	30-Jun-21	30-Jun-20	31-Mar-21
	(Unaudited)	(Unaudited)	(Audited)
Sates	104	40	486
Other Operating income	0	0	2
Revenue from operations	104	40	488
Growth X Y-O-Y	l59Z
Other lncome	9	10	36
Gross Revenue	u3	50	524
Growth X Y-O-Y	725X
Gross Margin(Sates - Materiat Cost)Vatue	49	18	234
EBITDA	9	2	L52
PBT	8	I	L47
Growth X Y-O-Y	495X
PAT	7	1	7L2
Growth X Y-O-Y	431X

Sates for the quarter ended June ²⁰²¹ is higher than June 2020 quarter as June 2020 quarter was substantialty impacted on account of pandemic Covid-lg. However. sales in June 2021 quarter is also much lower than the normal quarter clue to various restrictions imposed by Central and State government due to second wave of Covid-1g as it again struck in summer.

n N Y

	Standalone
	Quarter Ended		Year Ended
Particulars	$30 - Jun - 21$	30-Jun-20	31-Mar-21
	(Unaudited)	(Unaudited)	(Audited)
Profitability ratios
Gross margin % of Sales	47.55%	45.53%	48.14%
EBITDA % of Gross Revenue	8%	5%	29%
PAT Margin % of Gross Revenue	6%	3%	21%
Segment-wise capital employed and ROCE
Capital employed (Monthly Average)
Air Cooling and Other Appliances	150	135	50
Corporate Funds	476	392	505
ROCE(PBIT) % - Not Annualised
Air Cooling and Other Appliances	0%	$-6%$	237%
Corporate Funds	1%	2%	5%
Return on Networth	17%	24%	16%
(PAT TTM/AVG Networth)
Debtors and Inventory ratios
Debtor Days (Debtors/TTM Sales)	23	20	61
Debtor Amount	34	33	81
Inventory Days (Inventory/TTM Sales)	39	21	37
Inventory Amount	58	34	49

Gross margin % for the quarter ended June 2021 is in line with FY 20-21 despite massive increase in input cost as well as freight cost.

iii) Treasury Investment:
a) Treasury including Cash & Cash equivalents (excluding (loans/investments in subsidiaries)	463	396	503
b) Treasury including Cash & Cash equivalents (including (loans/investments in subsidiaries)	608	522	646

iv) Geographical Segment-wise Revenue
Segment Revenue
India	86		431
Rest of the world	18		57
otal	104	40	488

E AMMEDARAD ÷

(B) Consolidated Performance Analysis

i) Sates & Profitabitity			(? in Croresl
	Quarter Ended	Year Ended
Particutars	30-Jun-21	30-Jun-20	37-trlar-21
	(Unaudited)	(Unaudited)	Audited)
	229
Other Operating income	1	0	3
Revenue from	230		900
	49X
Other lncome	8	8
Revenue	238	t62
	47%
Margin(Sates - Materiat Cos0vatue	99	60	400
(Exctuding Exceptionat ltems)	18	5
Items) PBT	10	(4)
	332X
Items			7
PBT	10	(4)	131
Growth Z Y-O-Y	332%
PAT	6	2	LO7
Growth X Y-O-Y	279%

Consotidated sales for the quarter ended June 2021 is higher than June 2020 quarter as June 2020 quarter was substantially impacted on account of pandemic Covid-lg. However, consotidated sates in June 2021 quarter is atso much lower than the normat quarter due to various restrictions imposed by Centrat and State government due to second wave of Covid-19 as it again struck in summer-

(n o o NY /

ii) Financial ratios
		Consolidated
	Quarter Ended		Year Ended
Particulars	$30 - Jun - 21$	30-Jun-20	31-Mar-21
	(Unaudited)	(Unaudited)	(Audited)
Profitability ratios
Gross margin % of Sales	43.48%	39.20%	44.57%
EBITDA % of Gross Revenue	8%	2%	18%
PAT Margin % of Gross Revenue	3%	1%	12%
Segment-wise capital employed and ROCE
Capital employed (Monthly Average)
Air Cooling and Other Appliances	437	320	282
Corporate Funds	476	392	505
ROCE(PBIT) - Not Annualised
Air Cooling and Other Appliances	$1\%$	$-3%$	41%
Corporate Funds	1%	2%	5%
Return on Networth	16%	22%	15%
(PAT TTM/AVG Networth)
Debtors and Inventory ratios
Debtor Days (Debtors/TTM Sales)	40	36	68
Debtor Amount	106	96	166
Inventory Days (Inventory/TTM Sales)	47	34	48
Inventory Amount	126	91	118

iii) Treasury Investment
Treasury including Cash & Cash equivalents	492	4101	519

iv) Geographical Segment-wise Revenue
Segment Revenue
India	86	34	431
Rest of the world	144	120	469
Total	230	154	900

E AMMEDABAD C