Excelsior Correspondent
JAMMU, Aug 6: The quarterly result for Q1 FY 2025, of Symphony Limited was announced here today.
The results were announced by Nrupesh Shah, MD (Corporate Affairs) Symphony Limited in a function held here today.
Speaking on the occasion, Shah said, “The Company has registered profit after tax (PAT) of Rs 88 crore, in the first quarter of the financial year 2025.
“In the first quarter of the financial year 2025, Symphony Limited logged a profit after tax (PAT) of Rs 88 crore, up 266 per cent from Rs 24 crore in the same period last year. The company has also reported a 75.8 per cent YoY increase in its revenue to Rs 531 crore, up from Rs 302 crore in Q1 of FY24,” he said.
During the reporting period, the smallcap company’s EBITDA soared by 344 per cent to Rs 111 crore as compared to Rs 25 crore in the April-June 2023 period.
Its EBITDA margin rose by 1263 basis points. Along with its financial results, the company has also announced a dividend payout and a share buyback.
The board of directors of the company has declared a 1st interim dividend of 50 per cent at a face value of Rs 2, which translates to a payout of Re 1 per equity share.
This is the 1st result announced for the financial year 2024-25.
Symphony Limited had already fixed the record date for the purpose to determine who will be eligible to receive the 1st interim dividend for FY25.
The company has fixed August 14, 2024, as the record date.
In addition to the dividend, the household appliances maker has also announced a share buyback worth Rs 71.4 crore.
Symphony board has approved the proposal for buyback of up to 2,85,600 fully paid-up equity shares, representing upto 0.41 per cent of the total number of Shares of the company. The issue size is Rs 71.4 crore.
The company said it will repurchase its shares at a price of Rs 2,500 per equity share, which is over Rs 1000 more than the current stock price.
“Record date for the buyback will be announced later,” the company said.