Consumer Electronics company Symphony announced Q2FY25 results Revenue from Operations: Rs 259 crore compared to Rs 196 crore during Q2FY24, change 32%. Gross Margin (%) 49.5%, change -40 bps. Profit After Tax: Rs 67 crore compared to Rs 50 crore during Q2FY24, change 36%. EBITDA Margin % 27.8%, change +100 bps. Nrupesh Shah, Managing Director (Corporate Affairs), Symphony has said: "We are delighted to report our highest ever Revenue and EBITDA on a Standalone and Consolidated basis, and PAT on a Standalone basis for the September quarter. This achievement is a testament to our strong brand, diverse product portfolio, and robust market presence. The launch of 17 new air-cooler models has significantly bolstered our market position. Additionally, a record-breaking General Trade advance collection, aided by normal season-end inventory levels and buoyant trade sentiment, further underscores our success. Despite off-season conditions, we have witnessed robust secondary sales, reflecting the resilience and appeal of our offerings. The improvement in Consolidated EBITDA margin is driven by the stellar performance of Symphony India, GSK China, and Symphony Brazil, along with gross margin expansion and positive operating leverage. Moreover, our foray into the water heater market in India has made a promising start, focusing on selected geographies and leveraging chosen distribution channels. We have captured the attention and admiration of both trade partners and customers. Amidst growth in both revenue and profitability, our Company continues to demonstrate efficient capital utilization, as evident in the reduced capital employed in our core business, both on a standalone basis (negative Rs 171 crore v/s negative Rs 70 crore last year) and a consolidated basis (Rs 114 crore v/s Rs 174 crore last year). As a result, we have observed a marked improvement in the ROCE for our core business. On a standalone basis, ROCE increased to an infinite percentage from 296% last year, and on a consolidated basis, it rose to 93% from 37%, calculated on TTM monthly average capital employed, underscoring the efficacy of our business model in optimizing capital efficiency and driving growth. The United Nation Environment Programme (UNEP) Emission Gap Report 2024 indicates a concerning trajectory towards a 3.1°C global temperature rise, highlighting a lack of significant progress in climate action despite persistent calls for urgent measures. In response, our company is leading the industry with innovative products that emphasize sustainability and eco-friendliness. We are expanding our portfolio with geography-specific products in India and our overseas subsidiaries. Our strategic focus on semi-urban and rural markets, as well as adjacent product categories, is designed to meet the needs of these emerging segments." Result PDF