SYMPHONY Announces Quarterly Results (1QFY20); Net Profit Up 65.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

SYMPHONY Announces Quarterly Results (1QFY20); Net Profit Up 65.0%
Fri, 2 Aug

SYMPHONY has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

SYMPHONY Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,4602,3502,92024.3%100.0%
Other incomeRs m601101209.1%100.0%
TurnoverRs m1,5202,4603,04023.6%100.0%
ExpensesRs m1,2902,0602,54023.3%96.9%
Gross profitRs m17090380322.2%123.5%
DepreciationRs m203060100.0%200.0%
InterestRs m030300.0%0.0%
Profit before taxRs m210140410192.9%95.2%
TaxRs m1011080-27.3%700.0%
Profit after taxRs m200303301000.0%65.0%
Gross profit margin%11.63.813.0
Effective tax rate%4.878.619.5
Net profit margin%13.21.210.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 100.0% on a year-on-year (YoY) basis. The expenses were up by 96.9% YoY during the same period.
  • The company's operating profit increased by 123.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.0% in 1QFY20 as against 11.6% in 1QFY19.
  • Depreciation charges increased by 200.0% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 100.0% YoY during the quarter.
  • Net profit for the quarter increased by 65.0% YoY. Net profit margins during the quarter declined from 13.2% in 1QFY19 to 10.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 24.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 23.3% QoQ during the same period.
  • The company's operating profit increased by 322.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.0% in 1QFY20 as against 3.8% in 4QFY19.
  • Net profit for the quarter increased by 1000.0% QoQ, while net profit margins increased from 1.2% in 4QFY19 to 10.9% in 1QFY20.

To see how SYMPHONY has performed over the last eight quarters,please visit here.

SYMPHONY Share Price Performance

Over the last one year,SYMPHONY share price has moved up from Rs 1,098.1 to Rs 1,262.0, registering a Gain of Rs 163.9 or around 14.9%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 22,348.6 (down 0.2%). Over the last one year it has moved up from 21,051.8 to 22,348.6, a gain of 1,297 points (up 6.2%).

Overall, the S&P BSE SENSEX is down 2.3% over the year.

Current Valuations

At the current price of Rs 1,262.0, the price to earnings (P/E) ratio of SYMPHONY stands at 84.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.3 times.

Equitymaster requests your view! Post a comment on "SYMPHONY Announces Quarterly Results (1QFY20); Net Profit Up 65.0%". Click here!

  

Related Views on News

SYMPHONY Announces Quarterly Results (3QFY20); Net Profit Up 37.8% (Quarterly Result Update)

Feb 10, 2020 | Updated on Feb 10, 2020

For the quarter ended December 2019, SYMPHONY has posted a net profit of Rs 510 m (up 37.8% YoY). Sales on the other hand came in at Rs 3 bn (up 20.8% YoY). Read on for a complete analysis of SYMPHONY's quarterly results.

SYMPHONY 2018-19 Annual Report Analysis (Annual Result Update)

Jul 9, 2019 | Updated on Jul 9, 2019

Here's an analysis of the annual report of SYMPHONY for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of SYMPHONY. Also includes updates on the valuation of SYMPHONY.

SYMPHONY Announces Quarterly Results (4QFY19); Net Profit Down 92.8% (Quarterly Result Update)

May 24, 2019 | Updated on May 24, 2019

For the quarter ended March 2019, SYMPHONY has posted a net profit of Rs 30 m (down 92.8% YoY). Sales on the other hand came in at Rs 2 bn (up 51.2% YoY). Read on for a complete analysis of SYMPHONY's quarterly results.

SYMPHONY LTD 2017-18 Annual Report Analysis (Annual Result Update)

Dec 20, 2018 | Updated on Dec 20, 2018

Here's an analysis of the annual report of SYMPHONY LTD for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of SYMPHONY LTD. Also includes updates on the valuation of SYMPHONY LTD.

More Views on News

Most Popular

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

Before You Buy Your First Electric Vehicle Consider Buying this Stock(Profit Hunter)

Jul 29, 2020

As competition intensifies in the electric vehicle space, only few will create huge wealth over the years.

Large Opportunities Are Coming Our Way

Aug 5, 2020

Kenneth Andrade tells us why stocks will bounce back strongly and what he's bullish on.

How to Buy Stocks at 50% Off(Fast Profits Daily)

Aug 7, 2020

In this video I'll show you how to enter into a long trade at the right price.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

SYMPHONY SHARE PRICE


Aug 10, 2020 02:15 PM

TRACK SYMPHONY

  • Track your investment in SYMPHONY with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

SYMPHONY - MIRC ELEC. COMPARISON

COMPARE SYMPHONY WITH

MARKET STATS