Symphony rises after strong Q2 performance

Symphony gained 1.96% to Rs 1059.20 after the company reported 100% rise in consolidated net profit to Rs 30 on a 16% increase in sales to Rs 220 crore in Q2 FY22 as compared with Q2 FY21.

EBITDA (excluding exceptional items) improved by 37% to Rs 48 crore in the second quarter from Rs 35 crore recorded in the same period last year. EBITDA margin was 21% as on 30 September 2021 as against 14% as on 30 September 2020.

Profit before tax in Q2 FY22 stood at Rs 40 crore, up by 110% from Rs 19 crore in Q2 FY21.

 

Symphony manufactures air coolers for domestic, commercial and industrial customers in 60 countries across the globe.

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