Symphony Limited — Regulatory Filings 2021

Apr 27, 2021

To, BSE Limited Security Code – 517385

National Stock Exchange of India Limited Symbol – SYMPHONY

Sub.: Media Release - Symphony Limited Consolidated PAT ₹ 107 Cr. In FY 2020-21

Dear Sir,

This is in reference to the above captioned subject line and in continuation with our today's announcement, we are enclosing herewith media release titled "Symphony Limited Consolidated PAT ₹ 107 Cr. In FY 2020-21".

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

Kindly take note of the same and oblige.

Thanking you,

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: 2021-04-27 15:59+05:30

Mayur Barvadiya Company Secretary

Encl: as above

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Media Release

Symphony Limited Consolidated PAT t t07 Cr. in FY 2020-21

Financial Highlights:

(t Crores)
Particulars	Standalone		Consolidated
	Quarter ended March 2021	Quarter ended March 2020	Quarter ended March 2021	Quarter ended March 2020
Sa les	2LL	154	337	248
Net Profit	49	45	63	40
EPS ({) (on face value of t 2 each}	7.09	6.48	9.05	5.65

Consolidated sales of Q4 is up by 36 o/o to t 337 cr. v/s { 248 cr. in Q4 19-20 due to increase in sales in Symphony lndia and Climate Technologies. Consolidated PAT is up by 58 % to { 63 cr. v/s 140 cr. in Q4 19-20.

Standalone sales of Q4 is up by 37o/olo { 211 cr. v/sl154cr. in Q4 19-20. Standalone PAT is up by 9% to t ⁴⁹ cr. for Q4 2O-27 v/s I 45 cr. in Q4 19-20 due to good demand for the Company's product.

Consolidated PAT < 107 cr. in 20-21vs. t 182 cr. in 19-20. Consolidated Sales I ⁸⁹⁷cr. in 20-2! v/s I ¹¹⁰⁰ cr. in 19-20. Covid-19 has affected the sales of Symphony lndia, lmpco Mexico and GSK China.

Standalone PAT down by 4Oo/o o/o lo { 112 cr. in 20-2L v/s I 186 cr. in 19-20. Standalone sales down to { 486 cr. in 20-2lv/s1774 cr. in 19-20 due to worldwide outbreak of Covidlg since it hit during peak summer months. i.e. in Ql. Despite strong summer temperatures generating high demand for the company's products and despite adequate availability of products with the channel, the lockdown prevented sales from taking place. Due to this unsold channel inventory purchases by the channel from the company were also impacted during the year.

The Board of Directors have recommended a final dividend of I 4 /- l2o0%l per equity share of { 2/- each amounting to { 27.98 cr. fo( FY 20-27. The total dividend for FY 2O-2L aggregates to 15 /- (250%) per equity share of I 2/- each amounting to { 34.98 cr. which includes one interim dividend of { l/- (50yol per equity share paid during the year.

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Aptil27,2o2li Mt, Nrupesh shah, Executive Director of symphony Ltd. has commented:

• ! The sales in March,21 quarter in Symphony lndia as well as Symphony subsidiaries witnessed strong rebound coupled with PAT growth.
• ! The strong rebound is reflection of continuous innovation, strong brand and sustained performance
• even in challenging environment of pandemic. ^FE- commerce sales is witnessing good growth. The Company has also started D2C online sales.

Outlook

Having a premium brand with various path breaking models for household, commercial and industrial needs and being a market leader, we are quite optimistic for a growth and performance in medium to long term period. The recovery is delayed but not derailed.

ABOUT SYM PONY TIMITED:

^Aworld leader in evaporative air coolers, Symphony focuses on innovative design to create better and ecofriendly products for domestic, commercial 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 lndia and in-house lean manufacturing for its industrial coolers in Mexico to achieve sustainable and profitable groMh.

Headquartered in Ahmedabad, Gujarat, lndia, Symphony is a global company committed to develop sustainable and responsible products. This means leading the air-cooling industry's efforts to develop breakthrough Sreen technologies to combat climate change. A publicly traded company in lndia having subsidiary companies in Mexico, China, Australia, USA and Brazil offering products in over 60 countries, Symphony continuously delivers value to its stakeholders in a profitable and predictable way. For the year (Twelve Months period) ended March 2020, Symphony posted on standalone basis net profit of { 112 crore on net sales of { 486 crore.

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