Symphony shares tank nearly 10% on disappointing Q1 results
Shares of air cooler company
Symphony Ltd today plunged nearly 10 per cent after the
company reported a 23.82 per cent decline in standalone net
profit for the quarter ended June 30.
The stock slumped 9.76 per cent to close at Rs 1,201.80
on BSE. During the day, it tumbled 11.77 per cent to Rs 1,175.
On NSE, it dropped 9.77 per cent to end at Rs 1,205.05.
Ahmedabad-based air cooler company Symphony Ltd today
reported a 23.82 per cent decline in standalone net profit at
Rs 24.04 crore for the quarter ended June 30.
The company had posted a net profit of Rs 31.56 crore in
the previous year.
Its total revenue in the quarter under review stood at Rs
142.40 crore, down 9.84 per cent, as against Rs 157.95 crore
in the corresponding quarter of the previous fiscal, the
company said in a BSE filing.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.