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Business News/ Companies / Company-results/  Symphony Q4 net profit falls 8% to Rs41.93 crore, shares tank 11%
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Symphony Q4 net profit falls 8% to Rs41.93 crore, shares tank 11%

Symphony posts a 8.12% decline in standalone net profit at Rs41.93 crore for the quarter ended 31 March, compare to a profit of Rs45.64 crore a year-ago

Total revenue during the quarter was at Rs164.57 crore, down from Rs194.51 crore in the same quarter of the last fiscal. Photo: MintPremium
Total revenue during the quarter was at Rs164.57 crore, down from Rs194.51 crore in the same quarter of the last fiscal. Photo: Mint

New Delhi: Ahmedabad-based air cooler company Symphony Ltd on Tuesday reported a 8.12% decline in standalone net profit at Rs41.93 crore for the quarter ended 31 March, compare to a profit of Rs45.64 crore a year-ago.

Total revenue during the quarter was at Rs164.57 crore, down from Rs194.51 crore in the same quarter of the last fiscal, Symphony said in a BSE filing.

Symphony shares settled at Rs1,451.45 on BSE, down 11.23% from previous close.

In a separate filing, Symphony said, pursuant to expression of interest furnished by the company, the board of directors of the company has considered, a proposal for an international synergistic acquisition having potential of synergy with the affairs of the company to accomplish its broader vision to tap international market.

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Published: 22 May 2018, 04:45 PM IST
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