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Symphony reports 75% fall in Q4 consolidated net profit

05 May 2023 Evaluate

Symphony has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported flat growth in its net profit at Rs 43 crore for the quarter under review as compared to Rs 43 crore for the same quarter in the previous year. Total revenue of the company marginally decreased by 4.94% at Rs 250 crore for Q4FY23 as compared to Rs 263 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported fall of 75% in its net profit at Rs 16 crore for fourth quarter ended March 31, 2023 as compared to Rs 64 crore for the same quarter in the previous year. Total revenue of the company decreased by 20.50% at Rs 318 crore for Q4FY23 as compared to Rs 400 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 48.65% rise in its net profit at Rs 165 crore as compared to Rs 111 crore for the previous year. Total revenue of the company increased by 37.11% at Rs 931 crore for year under review as compared to Rs 679 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 4.13% marginal fall in its net profit at Rs 116 crore as compared to Rs 121 crore for the previous year. However, total revenue of the company increased by 14.74% at Rs 1238 crore for year under review as compared to Rs 1079 crore for year ended March 31, 2022.


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