Symphony Q2 PAT seen up 63.8% YoY to Rs. 49.1 cr: Yes Securities

Net Sales are expected to increase by 37 percent Y-o-Y (down 8.4 percent Q-o-Q) to Rs. 301.4 crore, according to Yes Securities.

Broker Research
October 14, 2022 / 11:44 AM IST

Symphony | CMP: Rs 957 | The share jumped over 3 percent after the company posted consolidated net profit at Rs 29 crore versus Rs 6 crore. Its revenue rose 43 percent at Rs 329 crore versus Rs 230 crore, YoY.

 
 
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Yes Securities has come out with its second quarter (July-September’ 22) earnings estimates for the Consumer Durables sector. The brokerage house expects Symphony to report net profit at Rs. 49.1 crore up 63.8% year-on-year (up 69.5% quarter-on-quarter).

Net Sales are expected to increase by 37 percent Y-o-Y (down 8.4 percent Q-o-Q) to Rs. 301.4 crore, according to Yes Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 307 percent Y-o-Y (up 1,047 percent Q-o-Q) to Rs. 62.7 crore.

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Tags: #Brokerage Recos - Sector Report #Brokerage Results Estimates #consumer durables #earnings #Result Poll #Symphony #Yes Securities
first published: Oct 14, 2022 11:44 am