Symphony Q1 net drops 24 pc at Rs 24 cr

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.
In a separate filing, the company said its board of directors have declared an interim dividend of Rs 1 per equity share.

The company's shares were trading down 7.94 per cent at Rs 1,226.05 apiece on BSE.