Symphony Limited
P&L
Quarterly Consolidated
vs Q2 FY25
Symphony Limited Reports 32% YoY Growth in Revenue from Operations for 9M FY25
05 Feb 2025 · 5 Feb 2025, 07:41 pm
Summary
Symphony Limited, the world's largest air cooler company, has reported a 32% year-over-year (YoY) growth in revenue from operations for the nine months ended December 2024. The consolidated revenue stood at ₹ 1,088 crores. The company declared an interim dividend of ₹ 2/- per share for FY25. The standalone performance showed a 49% growth in revenue for the 9-month period and a 3% growth for the quarter. The company's EBITDA and PAT saw a temporary calibration in the December 2024 quarter due to low margin models being billed in the period. High margin models are expected to be billed in the March 2025 quarter. The company also reported a robust positive demand and sentiment for the upcoming summer-25. The storage water heaters segment in India showed a promising start with USPs and product features being widely admired.
Key Highlights
- 1
Standalone revenue growth of 49% (9M) and 3% (Qtr.)
- 2
Temporary calibration in EBITDA and PAT in Dec’24 Qtr.
- 3
Robust positive demand and sentiment for summer-25
- 4
Promising start for Storage Water Heaters in India
- 5
Interim dividend of ₹ 2/- per share for FY25
Management Comments
Mr. Nrupesh Shah
Managing Director (Corporate Affairs), Symphony Limited
Standalone performance: Revenue: 49% (9M) and 3% (Qtr.); Record high Q3 end unbilled advances: Surpassing domestic sales of ¥ 150 cr. of Q3-FY25 Y 268% of previous Dec peak (Dec’22); Primarily for 17 new margin-accretive air cooler models; Temporary calibration in EBITDA and PAT (Dec’24 Qtr.): Low margin models billed in Dec’24 Qtr. ‘ High margin models billing in Mar’25 Qtr.; Water Heaters: Initial launch exp. ( % 3.6 cr. (2.0% of Revenue) ); Forex loss: % 3.8 cr. (2.1% of Revenue)
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