Air-cooler producer Symphony Ltd. reported fourth-quarter consolidated net revenue surged threefold to ₹48 crore from ₹16 crore within the year-earlier interval.
Revenue from operations elevated 8% to ₹332 crore YoY. Gross margin for the quarter climbed 720 bps to 48.5%. For FY24, net revenue grew 28% to ₹148 crore. Revenue from operations was down 3% to ₹1,156 crore. Gross margin at 48% elevated 420 bps for the complete yr.
The board has advisable a final dividend of ₹8 (400%) per fairness share of ₹2 every amounting to ₹55.17 crore for FY24. The whole dividend for FY24 aggregates to ₹13 (650%) per fairness share amounting to ₹89.64 crore.
Nrupesh Shah, Managing Director (Corporate Affairs), Symphony Ltd. mentioned, “We reported high at ever quarterly India domestic revenue despite strong base effect (Q4FY23). The growth was fuelled by a searing summer with “above normal” temperatures. We are cashing in on India’s scorching summer time in Q1FY25.”
