MUMBAI, 6 MAY, 2022 (GPN):

Financial Highlights:

	(₹ Cr.)
Particulars		Consolidated			Standalone
		Year ended March 2022	Year ended March 2021	YoY growth (%)		Year ended March 2022	Year ended March 2021	YoY Growth (%)
Sales		1,035	897	15%		637	486	31%
Net Profit		121	107	13%		111	112	-1%
EPS (₹) (on face value of ₹ 2 each)		17.20	15.35	12%		15.84	16.06	-1%

The Board of Directors have recommended a final dividend of ₹ 6 /- (300%) per equity share of ₹ 2/- each amounting to ₹ 41.97 cr. for FY 21-22. The total dividend for FY 21-22 aggregates to ₹ 9 /- (450%) per equity share of ₹ 2/- each amounting to ₹ 62.96 cr. which includes two interim dividends aggregating to ₹ 3/- (150%) per equity share paid during the year.

• Consolidated Gross Profit Margin at 45% (FY21: 45%) and EBITDA Margin at 19% (FY21: 18%), despite elevated raw material cost and logistic cost
• Consolidated PBIT stood ₹ 177 Cr. (+25% YoY Growth).  International Business contributed PBIT of ₹ 70 Cr. (FY21: ₹ 11 Cr.), registering the growth of 536% on YoY basis. Robust performance from International likely to continue.
• USA business generated sales of ₹ 133 Cr. (FY20: ₹ 48 Cr.), up by 177% in two years and by 55% in one year.
• Complete normalization of the trade inventory, driven by excellent sales across India
• April 2022 sales (Symphony India) is higher than historical highest ever April sales, after liquidation of massive trade inventory
• Good traction in sales through Large Format Space (LFS) and E-Commerce channels.
• Various measures of cost optimization, value engineering and many other initiatives in last two years yielding the result. 

Outlook

• Upbeat on the domestic & overseas business and the strong sales growth trajectory to continue going forward.
• Close watch on input cost, logistic cost and supply chain
• Agile international supply chain being built to address emerging logistic and raw material cost dynamics
• Increasing traction for LSV, driven by new products, better cost structure, and Above the Line (ATL) advertising spends.

ABOUT SYMPHONY LIMITED:

A world leader in evaporative air coolers, Symphony focuses on innovative design to create better and eco-friendly products for domestic, commercial and industrial customers in 60 countries across the globe. At Symphony, design-driven innovation and green engineering is a sustainable competitive advantage. Company delivers market-leading products with engineering and design innovation, improved energy conservation, distinctive styling, and customer-centric design. Established in 1988, Symphony leverages a unique and successful asset-light business model for its residential coolers in India and in-house lean manufacturing for its industrial coolers in Mexico to achieve sustainable and profitable growth. Headquartered in Ahmedabad, Gujarat, India, Symphony is a global company committed to develop sustainable and responsible products. This means leading the air-cooling industry’s efforts to develop breakthrough green technologies to combat climate change. A publicly traded company in India having subsidiary companies in Mexico, China, Australia, USA and Brazil offering products in over 60 countries, Symphony continuously delivers value to its stakeholders in a profitable and predictable way. For the Year ended March 2022, Symphony posted on standalone basis net profit of ₹ 111 crore on net sales of ₹ 637 crore.