Ahmedabad-based air cooler company Symphony Ltd has reported a 23.82 per cent decline in standalone net profit at Rs 24.04 crore for the quarter ended June 30.

The company had posted a net profit of Rs 31.56 crore in the previous year.

Its total revenue during the quarter under review stood at Rs 142.40 crore, down 9.84 per cent, against Rs 157.95 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing today.

In a separate filing, the company said its board of directors has declared an interim dividend of Rs 1 per equity share.

The company’s shares were trading down 8.3 per cent at Rs 1,221.20 apiece on the BSE.