Symphony Q1 net rises 51% to Rs 21.63 crore

Company's net sales in the July-September quarter stood at Rs 110.40 crore

Ahmedabad-based air cooler company Symphony Limited on Tuesday reported a 51 per cent rise in net profit for the first quarter of 2014-15.

The company follows July-June as its financial year.

The company posted a net profit of Rs  21.63 for the first quarter of the current financial year as against Rs  14.32 crore in the corresponding quarter of previous fiscal (2013-14), a statement issued by the company said.

Gross revenue, the statement added, for the first quarter stood at Rs  110.40 crore as against gross revenue of Rs  78.05 crore for the same period in the previous fiscal.  Nrupesh Shah, executive director, Symphony Limited, said, “The sustained growth is on account of strong performance across all business verticals.”