The company achieved volume growth of 25 percent and value growth of over 30 percent for H1FY15 and is confident of maintaining long-term growth of 20-25%, said Nrupesh Shah, Executive Director at Symphony.
Have done some prominent installations in industrial cooling systems globally, which has a market size of USD 650 million
Nrupesh Shah
ED-Corporate Affairs
Symphony
Nrupesh Shah, Executive Director at Symphony in an interview to CNBC-TV18 spoke at length about the outlook for the company going forward.
The company he said has achieved volume growth of 25 percent and value growth of over 30 percent for H1FY15 and is confident of maintaining long-term growth of 20-25%. The company will also be able to sustain high level of EBITDA margins seen until the December quarter, he added.
Improvement in margins will come through new launches and better management of existing models, said Shah.
The company will continue with its focus on sales promotion and marketing going forward too, said Shah.
A world leader in evaporative air coolers, Symphony focuses on innovative design to create better and eco-friendly products for domestic and industrial customers in 60 countries across the globe. Headquartered in Ahmedabad, Gujarat, India, Symphony is a global company committed to develop sustainable and responsible products. This means leading the air-cooling industry's efforts to develop breakthrough green technologies to combat climate change.
for the entire interview watch video
Symphony stock price
On March 23, 2015, at 14:12 hrs Symphony was quoting at Rs 2255.00, up Rs 37.90, or 1.71 percent. The 52-week high of the share was Rs 2385.00 and the 52-week low was Rs 585.00.
The company's trailing 12-month (TTM) EPS was at Rs 33.57 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 67.17. The latest book value of the company is Rs 66.54 per share. At current value, the price-to-book value of the company is 33.89.
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