Symphony Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 26, 2023 at 02:48 am EDT
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Symphony Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 2,750 million compared to INR 2,740 million a year ago. Revenue was INR 2,860 million compared to INR 2,880 million a year ago. Net income was INR 350 million compared to INR 330 million a year ago. Basic earnings per share from continuing operations was INR 5.06 compared to INR 4.67 a year ago.
For the six months, sales was INR 5,770 million compared to INR 6,030 million a year ago. Revenue was INR 6,040 million compared to INR 6,290 million a year ago. Net income was INR 590 million compared to INR 620 million a year ago. Basic earnings per share from continuing operations was INR 8.5 compared to INR 8.84 a year ago.
Symphony Limited is an India-based air-cooling company, which is in the field of residential, commercial, and industrial air cooling and other appliances both in the domestic and international markets. The Company operates through Air Cooling and Other Appliances Business segment. Air Cooler. Its products include Residential Cooler, Commercial Coolers, Large Space Venti-Cooling, Tower Fans, Personal Cooler, Desert Cooler, Tower Cooler, and Portable Cooler. The Household Coolers products include Windblast 70 XL Desert Air Cooler, Jumbo 45DB Desert Air Cooler, Jumbo 70 Desert Air Cooler, Siesta 45XL Desert Air Cooler, Winter I Desert Air Cooler with 56L Water Tank, Winter XL Desert Air Cooler, Sumo 40 XL Desert Air Cooler, Storm C 100i Desert Air Cooler, Storm 70i Desert Air Cooler, Storm 70 XL Desert Air Cooler. Its Tower Fans include Duet Mini Personal Table Cooling Fan, Duet-I Indiaâs 1st Kitchen Cooling Fan, Duet I-S Cooling Fan, Surround-I (White) Bladeless Tower Fan, and others.