Symphony Q4 Results: Net profit flat at Rs 64 crore; revenue up 13% to Rs 384 crore

New Delhi: Air cooler-maker Symphony Ltd on Tuesday reported a marginal growth of 1.58 per cent in its consolidated net profit at Rs 64 crore for the fourth quarter ended March 2022. The company had posted a net profit of Rs 63 crore in the January-March quarter a year ago, Symphony said in a BSE filing.

Its revenue from operations rose 13.27 per cent to Rs 384 crore during the quarter under review, as against Rs 339 crore in the year-ago period.

Symphony's revenue from the Indian market was at Rs 170 crore, while the global markets contributed Rs 214 crore.

Total expenses climbed 17.87 per cent to Rs 310 crore, as against Rs 263 crore earlier.

For the fiscal year ended March 2022, Symphony's consolidated net profit was up 13.08 per cent to Rs 121 crore. It had reported a net profit of Rs 107 crore in 2020-21.

Total revenue from operations stood at Rs 1,039 crore in 2021-22. This was 15.44 per cent higher than Rs 900 crore in the year-ago period.

In a separate filing, Symphony said its board on Tuesday recommended a final dividend of 300 per cent, which is Rs 6 per equity share having a face value of Rs 2, for the financial year 2021-22.

It has also reappointed Achal Bakeri as managing director of the company for a further period of five years.

On the outlook, the company said it is "upbeat" on the domestic and overseas business.

In April 2022, Symphony lndia sales were its highest ever, it added.

However, it added that it is closely watching soaring input costs, including for fuel, steel, aluminium and logistics.