Symphony's Consolidated Net Profit Drops in Fiscal Q1; Shares Down 3%

MT Newswires Live

08/01

Symphony's (NSE:SYMPHONY, BOM:517385) consolidated net profit declined to 420 million Indian rupees in the fiscal first quarter ended June 30 against 880 million rupees a year ago.

Earnings per share contracted to 6.08 rupees compared with 12.76 rupees a year earlier, the air cooler manufacturer said in a Friday filing to the Indian stock exchanges.

Revenue from operations in fiscal Q1 also fell to 2.51 billion rupees from 3.93 billion rupees a year ago.

The company's board declared a first interim dividend of 1 rupee per equity share having face value of 2 rupees each for the financial year 2025‐2026.

Symphony's shares were down over 3% in recent trade.

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