SYMPHONY LTD Announces Quarterly Results (4QFY18); Net Profit Down 10.2%

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?  

Markets will remain closed on 6th April, 2020 on account of Mahavir Jayanti.

SYMPHONY LTD Announces Quarterly Results (4QFY18); Net Profit Down 10.2%
Fri, 20 Jul

SYMPHONY LTD has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

SYMPHONY LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m1,8412,1761,554-28.6%-15.6%
Other incomeRs m151809214.2%-39.1%
TurnoverRs m1,9912,2571,646-27.1%-17.4%
ExpensesRs m1,3451,3081,059-19.1%-21.3%
Gross profitRs m495868495-42.9%0.0%
DepreciationRs m101211-6.8%11.1%
InterestRs m0000.0%0.0%
Profit before taxRs m636937576-38.5%-9.4%
TaxRs m169274157-42.7%-7.3%
Profit after taxRs m467663419-36.8%-10.2%
Gross profit margin%26.939.931.9
Effective tax rate%26.629.227.2
Net profit margin%23.429.425.5
* 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 fell 15.6% on a year-on-year (YoY) basis. The expenses were down by 21.3% YoY during the same period.
  • The company's operating profit increased by 0.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.9% in 4QFY18 as against 26.9% in 4QFY17.
  • Depreciation charges and finance costs increased by 11.1% YoY and 0.0% YoY, respectively.
  • Other income declined by 39.1% YoY during the quarter.
  • Net profit for the quarter declined by 10.2% YoY. Net profit margins during the quarter increased from 23.4% in 4QFY17 to 25.5% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 28.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 19.1% QoQ during the same period.
  • The company's operating profit declined by 42.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 31.9% in 4QFY18 as against 39.9% in 3QFY17.
  • Net profit for the quarter declined by 36.8% QoQ, while net profit margins declined from 29.4% in 3QFY17 to 25.5% in 4QFY18.

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

SYMPHONY LTD Share Price Performance

Over the last one year, SYMPHONY LTD share price has moved up from Rs 1,305.8 to Rs 1,313.5, registering a Gain of Rs 7.7 or around 0.6%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 19,915.2 (up 0.4%). Over the last one year it has moved up from 15,908.4 to 19,915.2, a gain of 4,006.8 points (up 25.2%).

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 1,313.5, the price to earnings (P/E) ratio of SYMPHONY LTD stands at 50.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 20.0 times.

Equitymaster requests your view! Post a comment on "SYMPHONY LTD Announces Quarterly Results (4QFY18); Net Profit Down 10.2%". 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 Announces Quarterly Results (1QFY20); Net Profit Up 65.0% (Quarterly Result Update)

Aug 2, 2019 | Updated on Aug 2, 2019

For the quarter ended June 2019, SYMPHONY has posted a net profit of Rs 330 m (up 65.0% YoY). Sales on the other hand came in at Rs 3 bn (up 100.0% 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 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

Sorry Warren Buffett, I'm Following This Man Instead of You in 2020(The 5 Minute Wrapup)

Mar 30, 2020

This man warned of an impending market correction while everyone else was celebrating the renewed optimism in early 2020...

The Biggest Trading Opportunity of 2020 is Here...

Mar 26, 2020

India's #1 trader, Vijay Bhambwani, talks about a hugely profitable trading opportunity which you must know about today!

A Big Trading Opportunity is Coming Your Way Soon(Fast Profits Daily)

Mar 25, 2020

I see a big opportunity to make fast profits on the horizon.

Coronavirus Sell-off Is a Perfect Time to 'Lockdown' this 'Crorepati' Stock(Profit Hunter)

Mar 24, 2020

Coronavirus crisis and panic selling has brought this quality smallcap to multiyear lows, making it a great bargain.

Lockdown! Now the Bailout...(The Honest Truth)

Mar 25, 2020

Ajit Dayal on what India should do to manage the coronavirus impact on the economy.

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
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


Apr 3, 2020 (Close)

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