Symphony declines 10% on weak Q1 numbers, declared first interim dividend
The operating profit (EBITDA) shed 50.4 percent at Rs 19.4 crore and EBITDA margin was down 1000 bps at 15 percent.
Shares of Symphony declined nearly 10 percent intraday Thursday on the back weak Q1 (April-June) numbers declared by the company.
The company's Q1 net profit decreased 23 percent at Rs 24 crore against Rs 31.6 crore, reported in same quarter last year.
Revenue of the company was down 15 percent at Rs 130 crore against Rs 152.6 crore.
The operating profit (EBITDA) fell 50.4 percent at Rs 19.4 crore and EBITDA margin was down 1000 bps at 15 percent.
The board at its meeting held on August 10, has considered and approved and declared first interim dividend of Re 1 (50 percent) per equity share having face value of Rs 2 each.
At 12:36 hrs Symphony was quoting at Rs 1,225.35, down Rs 106.40, or 7.99 percent on the BSE.Posted by Rakesh Patil