Symphony

By Research Desk
about 9 years ago
Symphony

 

Post the announcement of its Q3 numbers (year ending 30th June), the stock had hit a new high at Rs.3270 but yesterday it witnessed profit booking. The performance of the company for the quarter was good.

It announced a 21% (YoY) rise in net sales at Rs.137 crore and net profit was up 35% at Rs.36 crore. This was mainly on the back of a 13% rise in volumes at 212,640 units sold and average sales realization per unit went up from Rs.5986 to Rs.6328/unit. Even QoQ, price has gone up from Rs.6277/unit.

In terms of margins too, there has been an improvement. Gross margin went up to 59.3% from 56.3% and EBITDA margin rose from 31% to 35%. NPM was up at 25% from 23%.

The company is sure to end current year on a bumper note. Its net profit for nine months ended 31st March 2015 stood at Rs.94 crore, which is almost equal to last full year net profit of Rs.99 crore. It is sure to cross the Rs.100 crore-mark this year.

848.45 (+6.50)

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