(PTI) Air cooler and appliances maker Symphony on Wednesday reported 85.71 per cent jump in consolidated net profit at ₹39 crore for the third quarter ended December 2022.
The company had logged a net profit of ₹21 crore in October-December period a year ago, Symphony said in a regulatory filing.
Revenue from operations rose 35.12 per cent to ₹277 crore during the quarter under review against ₹205 crore in the year-ago period.
This was led by robust off-season sales and quite positive and buoyant trade sentiment during the quarter, Symphony said in its earnings statement.
The company's revenue from the Indian market was at ₹198 crore, while the global markets contributed ₹79 crore.
Total expenses in the quarter were ₹243 crore, up 32.06 per cent as compared to the year-ago period.
Symphony also said its board, in a meeting held on Wednesday, approved a share buyback of ₹200 crore, buying back up to 10,00,000 equity shares at ₹2,000 per scrip, subject to shareholders' approval.
Symphony Ltd stock on Wednesday settled at ₹1,047, up 8.47 per cent, on the BSE.