Q1 2025 Symphony Ltd Earnings Call Transcript
Key Points
- Symphony Ltd (BOM:517385) reported a 76% YoY growth in consolidated top line, reaching INR531 crores.
- The company achieved its highest-ever quarterly consolidated EBITDA margin of 21%, nearly doubling from the previous year.
- Symphony India saw a remarkable 116% growth in top line, with EBITDA margins improving from INR7 crores to INR82 crores.
- The company launched 17 new air cooler models and entered the water heater market with innovative features.
- Subsidiaries like Impco Mexico and GSK China showed significant improvement, contributing positively to the overall performance.
- Climate Technologies subsidiary underperformed due to demand headwinds and logistical delays.
- Despite improvements, the industrial cooling segment remains a small contributor to overall revenue.
- The company faced a demand-supply mismatch, potentially leaving INR60-70 crores worth of sales on the table.
- The water heater market is highly competitive, and Symphony Ltd (BOM:517385) is entering a space with established players.
- The company refrained from providing specific guidance for future quarters, creating some uncertainty for investors.
Ladies and gentlemen, good day, and welcome to the Q1 FY25 earnings conference call of Symphony Limited hosted by IIFL Securities Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Hardik Rawat from IIFL Securities Limited. Thank you, and over to you, Mr. Rawat.
Good afternoon, everyone. On behalf of IIFL Securities, I welcome everyone to Symphony's 1Q FY25 earnings conference call. We have the pleasure of having with us the senior management team of Symphony, led by the Chairman and Managing Director, Mr. Achal Bakeri; Managing Director, Corporate Affairs, Mr. Nrupesh Shah; and Group CEO and Executive Director, Mr. Amit Kumar.
Without further delay, I will now hand over the floor to the management for their opening remarks, which will then be followed by a Q&A session. Over to you, sir.
Thank you
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