Consolidated Performance:
Financial Highlights (Rs. crore)
| |||
Particulars
|
Year (Nine Months period) FY16
|
Corresponding Period FY15
|
Growth (%)
|
Net Sales
|
444.36
|
374.96
|
19%
|
Net Profit
|
118.37
|
83.73
|
41%
|
EPS (Rs.) (on face value of Rs.2 each)
|
33.84
|
23.94
|
41%
|
May 17, 2016: 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 31.7% to 33.6% and PAT margin is up from 21.0% to 24.7% for the nine months ended on March 31, 2016 v/s corresponding period of 2014-15 on consolidated basis.
Ø The EBIDTA and PAT margin have improved further on account of softening of commodity prices, operational efficiency and continuous value engineering.
World’s largest air cooler company, Symphony Limited, reported a 41% rise in consolidated net profit at Rs. 118.37 crore for the nine months ended on March 31, 2016, as against Rs. 83.73 crore in the corresponding period last year. Consolidated net sales increased to Rs. 444.36 crore for the nine months ended on March 31, 2016 as against Rs. 374.96 crore in the corresponding period last year registering 19% growth.
The Company has paid interim dividend of 1,250% i.e. Rs.25/-(1st interim of Rs. 5/- & 2nd interim of Rs. 20/- including one-time special dividend of Rs. 10/-) per equity share of Rs. 2/- each during the year. EBITDA margin for nine months ended on March 31, 2016 stood at 34% and EPS was at Rs. 33.84.
Standalone Performance:
Financial Highlights (Rs. crore)
| ||||||
Particulars
|
Q3
FY 16
|
Q3
FY 15
|
Growth (%)
|
Year (Nine Months period) FY16
|
Corresponding Period FY15
|
Growth (%)
|
Net Sales
|
137.15
|
124.37
|
10%
|
413.67
|
351.80
|
18%
|
Net Profit
|
46.52
|
36.51
|
27%
|
123.00
|
94.16
|
31%
|
EPS (Rs) (on face value of Rs.2 each)
|
13.30
|
10.44
|
27%
|
35.17
|
26.92
|
31%
|
Symphony Ltd reported 31% rise in standalone net profit at Rs. 123.00 crore for the nine months ended on March 31, 2016 as against Rs. 94.16 crore in the corresponding period last year. Standalone net sales for the nine months ended on March 31,2016 at Rs. 413.67 crore were higher by 18% over corresponding period last year net sales of Rs. 351.80 crore.
For the third quarter ended March 31, 2016, the company reported a standalone net profit of Rs. 46.52 crore against a net profit of Rs. 36.51 crore in the corresponding quarter of previous fiscal 2014-15. Net Sales in Q3 FY2016 at Rs. 137.15 crore were higher by 10% over Q3 FY2015’s net sales of Rs.124.37 crore.