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NEUTRAL Symphony Ltd For Target Rs. 1,549 By Yes Securities Result Synopsis Symphony on consolidated basis delivered higher than expected revenue on back of strong summer season. Expectations were there for strong growth in domestic air-cooling business; however, the company has even surpassed bullish expectations with domestic air-cooling business growing at 118% yoy. Even on the international front Mexico and GSK China has reported robust performance, while CT Australia continues to remain subdued. Business transformation in CT Australia is under...
NEUTRAL Symphony Ltd For Target Rs. 1,549 By Yes Securities
NEUTRAL Symphony Ltd For Target Rs. 1,549 By Yes Securities
Source: Yes Securities Ltd
2024-08-22 02:10:32 pm
Reduce Symphony Ltd For Target Rs.1,513 By Geojit Financial Services Ltd Noteworthy performance, Premium Valuations Symphony Ltd and its subsidiaries manufacture and trade in residential, commercial and industrial air coolers in the domestic and international markets. The company operates through the air coolers and corporate funds segments, and offers residential, packaged and central air coolers. * In Q1FY25, its consolidated revenue rose 75.8% YoY to Rs. 531cr, driven by increased sales of air coolers and other durables in the domestic as well as export ...
Reduce Symphony Ltd For Target Rs.1,513 By Geojit Financial Services Ltd
Reduce Symphony Ltd For Target Rs.1,513 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd.
2024-08-22 12:07:48 pm
Neutral Symphony Ltd For Target Rs. 1,549 By Yes Securities Strong all-round beat, sharp runup in stock price results in NEUTRAL rating Result Synopsis Symphony on consolidated basis delivered higher than expected revenue on back of strong summer season. Expectations were there for strong growth in domestic air-cooling business; however, the company has even surpassed bullish expectations with domestic air-cooling business growing at 118% yoy. Even on the international front Mexico and GSK China has reported robust performance, while CT Australi...
Neutral Symphony Ltd For Target Rs. 1,549 By Yes Securities
Neutral Symphony Ltd For Target Rs. 1,549 By Yes Securities
Source: Yes Securities Ltd
2024-08-14 04:57:30 pm
Accumulate Symphony Ltd Target Rs. 1,151 - Geojit Financial Services Profitability doubles in Q4; Outlook positive Symphony Ltd and its subsidiaries manufacture and trade in residential, commercial and industrial air coolers in the domestic and international markets. The company operates through the air coolers and corporate funds segments, and offers residential, packaged and central air coolers. • In Q4FY24, Symphony reported a revenue increase of 7.8% YoY, driven by a rise in the sale of air conditioners and other durables in the Indian and inter...
Accumulate Symphony Ltd Target Rs. 1,151 - Geojit Financial Services
Accumulate Symphony Ltd Target Rs. 1,151 - Geojit Financial Services
Source: Geojit Financial Services Ltd
2024-05-04 03:49:38 pm
Add Symphony Ltd For Target Rs.s 1,028 - Yes Securities Result Synopsis Symphony on consolidated basis reported lower than expected revenue on back of subdued domestic sales. Lower off take was on account of high channel inventory of the cooling products resulting from the poor summer sales. Gross margins have seen expansion on back of tactical pricing, value engineering and softening of commodity prices, higher gross margin has resulted in expansion in EBITDA margin. Subsidiaries on the other hand has seen 12% yoy revenue growth on back of st...
Add Symphony Ltd For Target Rs.s 1,028 - Yes Securities
Add Symphony Ltd For Target Rs.s 1,028 - Yes Securities
Source: Yes Securities Ltd.
2024-04-30 12:58:41 pm
Add Symphony Ltd For Target Rs.1,028 - Yes Securities Higher domestic channel inventory leads to below than estimated performance; downgrade to ADD Result Synopsis Symphony on consolidated basis reported lower than expected revenue on back of subdued domestic sales. Lower off take was on account of high channel inventory of the cooling products resulting from the poor summer sales. Gross margins have seen expansion on back of tactical pricing, value engineering and softening of commodity prices, higher gross margin has resulted in expansi...
Add Symphony Ltd For Target Rs.1,028 - Yes Securities
Add Symphony Ltd For Target Rs.1,028 - Yes Securities
Source: Yes Securities Ltd.
2024-04-27 11:58:13 am
Buy Symphony Ltd . for Target Rs.1,065 - Yes Securities Ltd Improved performance to script a turnaround Our interaction with the various dealers and the channel partners is suggesting that the excess inventory in the channel post poor summer has been liquidated, and dealers are now feeling confident of the upcoming summer season as there have been prediction of harsh summer across the country. On the international front performance is expected to see marked improvement as fears of recessionary conditions especially in the US have been abated. On th...
Buy Symphony Ltd . for Target Rs.1,065 - Yes Securities Ltd
Buy Symphony Ltd . for Target Rs.1,065 - Yes Securities Ltd
Source: Yes Securities Ltd
2023-12-28 11:39:05 am
Add Symphony Ltd For Target Rs. 996 - Yes Securities Demand to see gradual improvement on macro headwinds; maintain ADD Result Synopsis Symphony on consolidated basis reported flattish revenue for the quarter, while margin saw improvement on back of stable commodity prices, change in product mix and value engineering. Domestic business has been flattish as there has been higher than normal inventory in certain places. Gross margins have seen expansion on back of value engineering and softening of commodity prices, higher gross margin has ...
Add Symphony Ltd For Target Rs. 996 - Yes Securities
Add Symphony Ltd For Target Rs. 996 - Yes Securities
Source: Yes Securities Ltd
2023-10-29 10:51:33 am