Symphony Limited Consolidated PAT ₹ 6 Cr. in Q1 FY 2021-22

Financial Highlights:

Standalone sales is ₹ 104 cr. for Q1 21-22 vs. ₹ 40 cr. in Q1 20-21. Standalone PAT is ₹ 7 cr. for Q1 21-22 vs. ₹ 1 cr. in Q1 20-21.

Consolidated sales is ₹ 229 cr. in Q1 21-22 from ₹ 154 cr. in Q1 20-21. Consolidated PAT is ₹ 6 cr. for Q1 21-22 vs. ₹ 2 cr. in Q1 20-21.

However, the performance is substantially lower than the normal quarter due to restrictions imposed by Government on account of second wave of Covid-19 mainly in India and Australia which again struck in peak of summer.

July 23, 2021: Mr. Nrupesh Shah, Executive Director of Symphony Ltd. has commented:

Ø  The demand and sentiments were quite buoyant until middle of April 2021. However, the second wave of the Covid-19 has impacted the sales for the quarter.

Outlook

Having a premium brand with various path breaking models for household, commercial and industrial needs and being a market leader, we are quite optimistic for a growth and performance in medium to long term period that remains intact.