Symphony Limited , a leading air cooling solutions provider, has announced its second interim dividend for the financial year 2025-26. The company's Board of Directors, in a meeting held on November 6, 2025, declared an interim dividend of ₹1 per equity share, representing a 50% payout on the face value of ₹2 per share.

Dividend Details

• Dividend Amount: ₹1 per equity share
• Dividend Percentage: 50% of face value
• Face Value: ₹2 per share
• Record Date: November 12, 2025
• Total Dividend Payout: Approximately ₹6.87 crore

Shareholders whose names appear in the Register of Members of the company as of the record date will be eligible to receive this dividend.

Payment Process

Symphony Limited has outlined the following process for dividend distribution:

1. Electronic Credit: For shareholders with registered bank accounts, the dividend will be paid through electronic transfer.
2. Demand Drafts: Shareholders without registered bank details will receive demand drafts at their registered addresses.

Tax Implications

Following the abolition of Dividend Distribution Tax, Symphony Limited has provided detailed guidelines on Tax Deduction at Source (TDS) for various shareholder categories:

Shareholders are advised to ensure their residential status, PAN, category details, email, and address are updated by the record date. Those eligible for tax exemptions must submit the required documentation to the company's registrar by November 12, 2025.

Financial Performance Context

The dividend declaration comes in the context of Symphony's recent financial performance. For Q2 FY26, the company reported:

• Consolidated Revenue: ₹163.00 crore (44% YoY decrease)
• EBITDA: ₹25.00 crore (68% YoY decrease)
• PAT: ₹19.00 crore (66% YoY decrease)

Despite the challenging quarter, Symphony's decision to maintain its dividend payout reflects the company's commitment to shareholder returns and its confidence in long-term business prospects.

Symphony Limited continues to focus on expanding its product portfolio and implementing strategic initiatives to drive growth across its global operations. The company recently launched multiple new SKUs in both air coolers and water heaters, demonstrating its ongoing commitment to product innovation and market expansion.

Investors and shareholders are advised to consult their tax advisors for specific tax implications related to this dividend announcement.

Symphony Limited , a leading player in the air cooling solutions market, has reported a significant decline in its financial performance for the recent quarter. The company's standalone revenue fell by 40% year-on-year, primarily attributed to inventory overhang in the General Trade channel for air coolers.

Key Financial Highlights

• Revenue: 40% year-on-year decline in standalone revenue
• EBITDA Margin: Fell to 17.30% from 27.80% in the previous year
• Dividend: Board approved a second interim dividend of ₹1.00 per share

Profitability Under Pressure

The company's EBITDA margins witnessed a sharp decline, falling to 17.30% from 27.80% in the previous year. This significant decrease in EBITDA margin reflects the company's struggle to maintain operational efficiency in the face of reduced sales. The contraction is attributed to product mix shifts and operating deleverage.

Product Performance

Despite the overall decline, Symphony's round-the-year product portfolio showed some positive signs:

• Large space venti cooling
• Tower fans
• Kitchen cooling fans
• Water heaters

These product categories recorded growth, albeit on a low base. The company has also expanded its product range:

• AirForce range expanded from three to seven SKUs
• Added six new storage water heater variants
• Introduced two new instant water heater variants

Recovery from Pathways

Symphony achieved an additional recovery of ₹4.00 crore from Pathways, bringing the year-to-date recovery to ₹8.50 crore. This recovery is against ₹50.20 crore written off previously.

International Operations

Symphony's international operations showed mixed performance:

• GSK China: Progressing toward debt-free status through IPR monetization of approximately ₹45.00 crore
• Climate Holdings Australia: Registered its third consecutive quarter of year-on-year growth

Looking Ahead

As Symphony grapples with these financial headwinds, investors and market analysts will be keenly watching for any strategic initiatives or operational changes the company might implement to improve its performance in the coming quarters. The management's ability to address the inventory overhang in the General Trade channel and capitalize on the growth in its round-the-year product portfolio will be crucial for Symphony's path forward.

Symphony's focus on product diversification, as evidenced by the expansion of its AirForce range and water heater variants, may help in addressing the current downtrend. The company's performance in both domestic and international markets in the coming quarters will be a key indicator of its resilience and adaptability in challenging economic conditions.