Company has declared Rs. 5 per share interim dividend
Financial Highlights
Q2
|
H1
|
|||||
FY 16
|
FY 15
|
Growth
|
FY 16
|
FY 15
|
Growth
|
|
Net Sales
(in Rs. cr)
|
162.10
|
135.48
|
20%
|
276.52
|
227.43
|
22%
|
Net Profit (in Rs. cr)
|
47.73
|
36.02
|
32%
|
76.49
|
57.65
|
33%
|
EPS
(in Rs.)
|
13.64
|
10.30
|
32%
|
21.87
|
16.48
|
33%
|
Interim Dividend
|
250%
|
200%
|
25%
|
250%
|
200%
|
25%
|
January 28 2016, 16.48 PM IST || Pocket News Alert
January 28, 2016: World’s largest air cooler company, Symphony Limited, reported a 32% rise in net profit at Rs. 47.73 crore for the second quarter ended December 2015 as against Rs. 36.02 crore in the corresponding quarter of previous fiscal 2014-15. Net sales for Q2 of FY 2015-16 at Rs. 162.10 crore were higher by 20% over previous fiscal’s same quarter net sales of Rs. 135.48 crore. EBITDA margin on Gross Revenue for Q2 FY 2015-16 stood at 40% and EPS was at Rs. 13.64.
The Company has declared interim dividend of 250% i.e. Rs. 5/- (Previous year 200% i.e. Rs. 4/-) per equity share of Rs. 2/- each amounting to Rs. 2104.96 lacs including dividend distribution tax.
For the six months ended December 2015, the company reported a net profit of Rs. 76.49 crore against a net profit of Rs. 57.65 crore in the previous financial year’s first half, a 33% growth. Net sales in first half of FY 2015-16 at Rs. 276.52 crore were higher by 22% compared to Rs. 227.43 crore in the first half of previous fiscal. EBITDA margin on Gross Revenue for H1 FY 2015-16 stood at 37% and EPS was at Rs. 21.87.
Commenting on the financial performance of the company, Mr. Nrupesh Shah, Executive Director of Symphony Ltd. said:
Ø The Company has successfully acquired “MKE (Munters Keruilai Air Treatment Equipment (Gungdong) Co. Ltd., China”, a leading Chinese air cooler Company.
Ø EBIDTA margin is up from 35% to 37.3% and PAT margin is up from 25.8% to 28.2% in the first half of FY 2015-16 vis a vis first half of 2014-15.
Ø The EBIDTA and PAT margin have improved further on account of lower commodity prices, operational efficiency and continuous value engineering.
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