Symphony Ltd's Q3FY25 Quarter Results
- 06 Feb 2025
Result Summary
- Symphony Ltd reported a 25.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 5.0%.
- Its expenses for the quarter were down by 14.7% QoQ and up 4.2% YoY.
- The net profit decreased 117.9% QoQ and decreased 124.4% YoY.
- The earnings per share (EPS) of Symphony Ltd declined at 1.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 249.00 | 335.00 | 262.00 | -25.7% | -5.0% |
Total Expenses | 221.00 | 259.00 | 212.00 | -14.7% | 4.2% |
Profit Before Tax | -18.00 | 76.00 | 50.00 | -123.7% | -136.0% |
Tax | -8.00 | 20.00 | 9.00 | -140.0% | -188.9% |
Profit After Tax | -10.00 | 56.00 | 41.00 | -117.9% | -124.4% |
Earnings Per Share | -1.40 | 8.10 | 5.90 | -117.3% | -123.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Symphony Ltd is a well-known company primarily operating in the air cooling and air treatment product industry. It is recognized for its innovative cooling solutions, including a range of air coolers designed for residential, commercial, and industrial use. Symphony Ltd has established a significant market presence both domestically in India and internationally. The company is known for its commitment to sustainability and energy-efficient products, contributing to its reputation as a leader in cooling technology. As of the latest available information, Symphony Ltd has not reported any major recent developments. However, it continues to focus on expanding its product offerings and enhancing its market reach.
Revenue
In Q3FY25, Symphony Ltd reported a total income of ₹249.00 crores, which represents a decrease compared to the previous quarter (Q2FY25), where the total income was ₹335.00 crores. This reflects a quarter-over-quarter (QoQ) decline of 25.7%. When compared to the same quarter in the previous fiscal year (Q3FY24), where the total income was ₹262.00 crores, there is a year-over-year (YoY) reduction of 5.0%. The decline in revenue indicates a contraction in the company's income generation compared to both the previous quarter and the corresponding quarter of the previous year.
Profitability
The profitability of Symphony Ltd has shown significant fluctuations in Q3FY25. The company reported a loss before tax of ₹18.00 crores, a stark contrast to the profit before tax of ₹76.00 crores in Q2FY25. This indicates a QoQ decrease of 123.7%. Compared to Q3FY24, where the profit before tax was ₹50.00 crores, there is a YoY decrease of 136.0%. Tax expenses for Q3FY25 were negative, amounting to ₹8.00 crores, compared to ₹20.00 crores in Q2FY25 and ₹9.00 crores in Q3FY24, reflecting significant reductions in both QoQ and YoY terms. The profit after tax for Q3FY25 was a loss of ₹10.00 crores, contrasting with a net profit of ₹56.00 crores in Q2FY25 and ₹41.00 crores in Q3FY24, leading to a QoQ decline of 117.9% and a YoY decline of 124.4%.
Operating Metrics
Symphony Ltd's operating metrics for Q3FY25 reflect a challenging quarter. The total expenses stood at ₹221.00 crores, down from ₹259.00 crores in Q2FY25, marking a QoQ decrease of 14.7%. In comparison to Q3FY24, where total expenses were ₹212.00 crores, there is a YoY increase of 4.2%. The earnings per share (EPS) for Q3FY25 was negative at ₹-1.40, compared to ₹8.10 in Q2FY25 and ₹5.90 in Q3FY24, indicating a QoQ decline of 117.3% and a YoY decline of 123.7%. These metrics suggest that the company faced increased financial pressures during the quarter, impacting its overall financial health and shareholder returns.
