Q3 2025 Symphony Ltd Earnings Call Transcript
Key Points
- Symphony Ltd (BOM:517385) reported a 49% increase in standalone top line for the nine months ending December 31, 2024.
- The company launched 17 new air cooler models, which are expected to be margin accretive.
- GSK China, a subsidiary, achieved remarkable performance with a turnover of 75 crores and a profit of 10 crores for the nine months.
- The company has implemented stringent credit risk mitigation measures, including credit insurance for modern trade.
- Symphony Ltd (BOM:517385) announced an interim dividend of INR 2 per share, reflecting a strong payout policy.
- The Q3 performance was muted due to a spillover of sales to the next quarter, impacting quarterly results.
- There was a temporary calibration in EBITDA due to low-margin models and forex losses amounting to 3.8 crores standalone and 9 crores consolidated.
- The company faced a significant provision for doubtful debts of 46 crores due to issues with a distributor.
- Climate Technologies Australia, a subsidiary, continues to underperform, impacting overall results.
- Forex fluctuations negatively impacted the financials, particularly due to currency depreciation in Mexico and Brazil.
Ladies and gentlemen, good day. And welcome to Q3 FY25 earnings conference call of Symphony Limited hosted by Yes Securities.
(Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr Akash Faria from Yes Securities. Thanks over to you.
()-
Yeah. Thank you. Y. ashashri. So good afternoon, everyone on behalf of Yes Securities. I welcome. Everyone to Symphony's. 3Q and Nine months FY25 earnings conference call we have with us, the senior management team of symphony represented by Mr. Achal Bakeri, Chairman; and managing director, Mr. Nrupesh Shah, managing director, corporate Affairs, and Mr. Amit Group CEO and executive director.
I will now hand over the floor to the management for their opening remarks along with the presentation post, which we will start the question-and-answer session over to you, sir.
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