Symphony PAT at Rs.31 Cr. in Q1 FY 2016-17

Company has recommended bonus issue of one equity share for each equity share held

Financial Highlights (Rs. crore)
Particulars	Quarter ended June 2016	Quarter ended June 2015	Growth (%)
Sales	152.15	110.49	38%
Net Profit	31.14	22.26	40%
EPS (Rs)	8.90	6.36	40%

World’s largest air cooler company, Symphony Limited, reported net profit at Rs.31.14 crore for the quarter ended June 2016 as against Rs. 22.26 crore in the corresponding quarter ended June 2015, showing a substantial increase of 40%.

Sales Rs. 152.15 crore for the quarter ended June 2016 as against Rs. 110.49 crore in the corresponding quarter ended June 2015. EPS for the quarter ended June 2016 stood at Rs. 8.90 as against Rs. 6.36 in the corresponding quarter ended June 2015.

The Board of directors in their meeting held on July 26, 2016 has considered, approved and recommended a bonus issue of one equity share for every equity share (1:1) held as on a record date to be determined. The bonus issue of equity shares will be subject to approval by the shareholders and any other applicable statutory and regulatory approvals.

The Company has declared 1st interim dividend of 75% i.e. Rs. 1.50/- per equity share of Rs. 2/- each amounting to Rs. 631.49 lacs including dividend distribution tax.

Commenting on the financial performance of the company, Mr. Nrupesh Shah, Executive Director of Symphony Ltd. said:

- We are witnessing buoyant demand across the geographies and across the models.
- The sustained growth is on account of strong performance across all business verticals.
- EBITDA margin on Gross Revenue stood at 28% in quarter ended June 2016 as against 25% in quarter ended June 2015.
- PAT % on Gross Revenue stood at 20% in quarter ended June 2016 as against 19% in quarter ended June 2015.