Categories AlphaGraphs, Consumer, Earnings

Symphony Ltd Q2FY24; 9% rise in Profits

Symphony was established in 1988, in Ahmedabad, India. The company is engaged in the manufacturing and trading of residential, commercial, and industrial air coolers in the domestic and international markets. It is the largest air cooler manufacturer in the world. 97% of the revenue comes from the sale of Air coolers.

Financial Results:

Symphony Ltd reported Revenues for Q2FY24 of ₹275.00 Crores up from ₹274.00 Crore year on year, a rise of 0.36%.

Total Expenses for Q2FY24 of ₹243.00 Crores down from ₹245.00 Crores year on year, a fall of 0.82%.

Consolidated Net Profit of ₹35.00 Crores up 9.38% from ₹32.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹5.00, up 5.93% from ₹4.72 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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