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Ahmedabad-based air cooler maker, Symphony Limited has posted net profit of Rs 22 crore for the first quarter of fiscal 2014-15, with a jump of about 51 per cent from Rs 14 crore in the corresponding period last year, a company statement said.
Company’s gross revenues for the quarter stood at Rs 110 crore as against gross revenue of Rs 78.05 crore in the same period last year.
Company’s EBITDA margins for the first quarter of 2014-15 stood at 29 per cent and EPS was Rs 6.18, the statement 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,” said Nrupesh Shah, Executive Director of Symphony Ltd.
Symphony shares ended up 5 per cent at Rs 1541.45 on Tuesday on the Bombay Stock Exchange (BSE).
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