Symphony - Strong Q4 Performance Amid Challenging Conditions: ICICI Direct
An employee inspects the indoor unit of a split system air conditioner on an assembly line in a factory in Rajasthan (Photographer Prashanth Vishwanathan/Bloomberg)

Symphony - Strong Q4 Performance Amid Challenging Conditions: ICICI Direct

Bookmark

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Symphony Ltd.’ reported sharp business recovery on the domestic as well as international front in Q4.

Consolidated revenues were up 36% year-on-year (approximately 57% quarter-on-quarter) to Rs 339 crore led by 38% and 35% YoY growth in revenue of domestic and international business, respectively.

Improvement in business sentiment and a sharp rise in export revenue helped drive standalone business.

The export revenue of the domestic business almost doubled to Rs 38 crore YoY in Q4 FY21.

On the international front, climate technologies reported a strong performance in Q4 FY21 led by revenue growth of 84% YoY.

Click on the attachment to read the full report:

ICICI Direct Symphony Q4FY21 Result Review.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.