Total income for the first quarter of 2013-2014 at Rs 77.21 crore was up 180 percent as against a turnover of Rs 27.50 crore for the first quarter of financial year 2012-13.
EBITDA margin for Q1 2013-14 stood at 26 percent and EPS was much higher at Rs 4.09.
During the first quarter, Symphony announced the launch of India's first branded "Window Range" of air coolers to strengthen its product range in residential air coolers.
The company is planning to unveil five models of window air coolers, 3 made of plastic and 2 made of metal body, with features like Dura Pump Technology, in-built float valve for automatic water refill and inverter compatibility.
Commenting on the financial performance of the company, Nrupesh Shah, Executive Director of Symphony Ltd. said, "The growth is on account of buoyancy and strong performance across all business verticals. Net profit margin stood at 19 percent in Q1 FY 2013-14 as against 7 percent in Q1 FY 2012-13. The Company is having corporate funds which includes liquid investments (like bank FD, mutual fund investments, bonds, NCD etc.) of Rs 147.78 crore as of Q1 FY2014."
--IBNS (Posted on 29-10-2013)