Symphony Q4 Results: Profit Up 65%
The firm recommended a final dividend of Rs 8 per share at a face value of Rs 2 each for the fiscal 2024–25.
Symphony Ltd.'s consolidated net profit rose 65% in the quarter ended March 31.
The home appliances firm posted a profit of Rs 79 crore in the fourth quarter of the last financial year, according to an exchange filing on Tuesday.
Symphony Q4 FY25 Highlights (Consolidated, YoY)
Revenue up 46.98% to Rs 488 crore versus Rs 332 crore.
Ebitda up 87.71% to Rs 107 crore versus Rs 57 crore.
Ebitda margin expands 475 bps to 21.92% versus 17.16%.
Net profit up 64.58% at Rs 79 crore versus Rs 48 crore.
The firm recommended a final dividend of Rs 8 per share of a face value of Rs 2 each for the fiscal 2024–25, subject to approval from shareholders at the next annual general meeting.
The total dividend for fiscal 2024-25 aggregates to Rs 13 per equity share of Rs 2 each, amounting to Rs 89.3 crore, which includes three interim dividends of Rs 5 per equity share paid during the year.
Shares of Symphony closed 0.76% higher at Rs 1,999 apiece on the NSE, compared to a 0.14% uptick in the benchmark Nifty. The share price has risen 27.26% in the last 12 months but fallen 10.83% on a year-to-date basis.
Five out of the nine analysts tracking the company have a 'buy' rating on the stock, two suggest 'hold' and as many recommend 'sell', according to Bloomberg. The stock's return potential was at 14.9%.
