Shares of air cooler company Symphony today tumbled 11.5 per cent after it reported a 8.12 per cent decline in standalone net profit for the quarter ended March 31, 2018.
The stock tanked 11.23 per cent to end at Rs 1,451.45 on BSE. During the day, it plunged 14.87 per cent to Rs 1,392.
On NSE, shares of the company dropped 11.52 per cent to close at Rs 1,460.25.
The Ahmedabad-based firm today reported a 8.12 per cent decline in standalone net profit at Rs 41.93 crore for the fourth quarter ended March 31, 2017-18.
It had posted a net profit of Rs 45.64 crore in same period a year-ago.
Total revenue during the quarter under review was at Rs 164.57 crore. It stood at Rs 194.51 crore in the same quarter of the last fiscal, Symphony said in a BSE filing.
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