ICICI Securities Ltd | Retail Equity Research The standalone performance of Symphony in Q2FY19 was much below our estimate due to lower volume offtake (as dealers refrained from build-up of new inventories due to low demand of cooling products) and trade discounts to support dealers. First time consolidation of Climate Technology post acquisition, recorded revenue of | 56 crore, nominal PAT of | 20 lakh in the quarter. However, the sharp fall in domestic sales volume weighed on the...