Symphony Ltd is engaged in the manufacture of air-coolers, located in Ahmedabad, Gujarat, India Symphony was established as Sanskrut Comfort Systems Ltd. (SCS) in the year 1988. The company went public on 1994.
Symphony Limited has been awarded the Guinness World Record for creating the world’s largest functioning air coolers.
Symphony is a Mid Cap company having a market capital of Rs 6122.64 Crore, operating in Consumer Durables sector.
Symphony has a wide range of products which includes for both domestic and industrial needs.
In 2015, Symphony Ltd acquired MuntersKeruilai Air Treatment Equipment, a Chinese air cooler company.
Symphony has presence in over 60 countries and 25-30 percent of the turnover comes from international market as it covers Mexico, Europe, United States, West Asia and South-East Asia.
For the quarter ended 31-12-2019, the company has reported a consolidated sale of Rs 290.00 Crore, up 6.62 % from previous quarter sales of Rs 272.00 Crore and up 20.83 % from last year same quarter sales of Rs 240.00 Crore. Company has reported net profit after tax of Rs 51.00 Crore in latest quarter.
The founder of Symphony, AchalBakeri is the Chairman & Managing Director.
At its meeting held on 07 February 2020, the board of Directors of the company has recommended a Special dividend of Rs.18 per share.
As on 20th April 2020, Symphony’s share price closed at 1,037.40.
Over the last 30 days, the Symphony share price is down 18.9% and over the last one year, Symphony ‘s share price is down 36.9%.
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