Symphony gains post March quarter results

Symphony
Shares of Symphony were trading higher by 2% at Rs 3,065 on the National Stock Exchange (NSE) after reporting a 35% year on year (yoy) increased in net profit at Rs 36.51 crore for the quarter ended March 2015. The consumer electronics maker had profit of Rs 27.03 crore in the year-ago quarter.

Net sales grew by 21% at Rs 138 crore on yoy basis, Symphony said in a statement.

EBITDA (earnings before interest, taxes, depreciation, and amortization) margin stood at 35% in March 2015 quarter against 31% in March 2014, the company added.

The stock opened at Rs 3,021 and hit a record high Rs 3,140 on the NSE. A combined 82,685 shares changed hands on the counter till 1406 hours on the NSE and BSE.

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