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Symphony Ltd, Standalone PAT at Rs. 101 crore in 18-19

Posted On: 2019-05-24 10:41:14

Consolidated PAT Rs. 91 cr. for 18-19 vs. Rs. 193 cr. in 17-18. Consolidated Sales Rs. 841 cr. for 18-19 vs. Rs. 796 Cr. in 17-18.

Standalone PAT Rs. 101 cr. for 18-19 vs, Rs. 183 cr. in 17-18. Standalone Sales Rs. 522 cr, for 18-19 vs, Rs. 685 cr. in 17-18. The Company has provided for exceptional items amounting to Rs. 24.05 cr. (including Rs. 21.50 cr. for the loss of entire investment in preference shares of IL&FS Ltd.).

Symphony recommended final dividend of Rs. 1.50/- per equity share (75% on an equity share of face value of Rs. 2/- each). Further, interim dividends aggregating to 150% i.e. Rs. 3.00/- (Including First, Second & Third interim) per equity share of Rs. 2/- each have been paid during the year leading to aggregate dividend of Rs. 4.50/- per equity share (225%).

- Symphony Ltd. has maintained asset light, capital light, negligible working capital business model despite back to back two disappointing summers. It continues maintaining impressive return on capital employed percentage on standalone as well as consolidated basis.

- Consolidated accounts include accounts of newly acquired company i.e. Climate Technologies Pty. Ltd., Australia w.e.f. July 01, 2018.

- The performance of all three overseas subsidiary companies is on track. Some strategic initiatives have been initiated to improve performance of Climate Technologies Pty Limited, Australia.

Shares of Symphony Limited was last trading in BSE at Rs.1161.6 as compared to the previous close of Rs. 1204.35. The total number of shares traded during the day was 3784 in over 491 trades.

The stock hit an intraday high of Rs. 1208.9 and intraday low of 1150. The net turnover during the day was Rs. 4454125.

Source: Equity Bulls

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