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.