Symphony Limited , a leader in air cooling solutions, has announced its unaudited financial results for the first quarter, revealing a decline in revenue and profit compared to the same period last year. The company has also declared an interim dividend and disclosed plans for potential divestments.

Financial Performance

Symphony reported a consolidated revenue from operations of ₹251.00 crores for Q1, down from ₹393.00 crores in the corresponding quarter of the previous year, marking a significant year-on-year decrease of 36.13%. The company's net profit from continuing operations also saw a substantial decline, dropping to ₹39.00 crores from ₹73.00 crores in the same quarter last year, representing a 46.58% decrease.

Dividend Declaration

Despite the challenging quarter, Symphony's Board of Directors has declared a first interim dividend of ₹1.00 per equity share (50% on face value of ₹2.00 each). This dividend declaration amounts to a total payout of ₹6.87 crores.

Strategic Initiatives

The company has announced plans to explore divestment of stakes in two of its wholly-owned subsidiaries:

1. Symphony AU Pty Limited (Australia)
2. IMPCO S de R.L. de C.V. (Mexico)

These subsidiaries are now classified as discontinued operations. During the quarter, they contributed ₹3.00 crores profit from discontinued operations.

Segment Performance

Symphony's financial results reveal insights into its segment-wise performance:

1. Air Cooling and Other Appliances: This segment generated revenue of ₹256.00 crores.
2. Corporate Funds: This segment contributed ₹16.00 crores to the total revenue.

Geographical Performance

The company's revenue breakdown by geography shows:

1. India: ₹201.00 crores
2. Rest of the world: ₹50.00 crores

Outlook

The exploration of divestment opportunities for its Australian and Mexican subsidiaries indicates that Symphony is reassessing its global strategy. This move could potentially lead to a more focused approach on core markets and products.

As Symphony navigates through what appears to be a challenging period, investors and market watchers will be keen to see how the company's strategic initiatives and potential divestments impact its performance in the coming quarters.

Symphony Limited continues to position itself as a world leader in air cooling solutions for residential, commercial, and industrial spaces, with a presence in over 60 countries worldwide. The company has also expanded its product portfolio to include advanced tower fans and geysers.

Symphony Limited , a leader in air cooling solutions, has reported a significant downturn in its financial performance for the first quarter of the fiscal year 2025-26. The company's unaudited standalone financial results, released on August 1, 2025, reveal substantial declines across key financial metrics.

Revenue Contraction

Symphony's revenue from operations for Q1 FY26 dropped to ₹229.00 crore, marking a considerable decrease from ₹373.00 crore in the same quarter of the previous fiscal year. This represents a year-on-year decline of approximately 38.60%.

Profit Margins Under Pressure

The company's profitability took a substantial hit during the quarter:

• Net profit fell to ₹37.00 crore, down from ₹69.00 crore in Q1 FY25, representing a 46.38% decrease.
• Profit before tax (PBT) declined to ₹49.00 crore from ₹91.00 crore year-over-year, a 46.15% reduction.

EBITDA Performance

The earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw a significant contraction:

• EBITDA for Q1 FY26 stood at ₹26.00 crore, down from ₹87.00 crore in the corresponding quarter of the previous year.
• The EBITDA margin compressed to 11.35% from 23.32% year-over-year.

Operational Highlights

Despite the challenging quarter, Symphony implemented several strategic initiatives:

1. The company declared a first interim dividend of ₹1.00 per equity share (50%) for FY 2025-26.
2. Symphony recovered ₹4.50 crore from a previously written-off receivable, which was presented as an exceptional item in the financial results.
3. The Board of Directors announced a strategic initiative to explore divestment or monetization of stakes in wholly-owned subsidiaries in Australia and Mexico.

Management Commentary

Achal Bakeri, Chairman and Managing Director of Symphony Limited, commented on the results: "The first quarter has been challenging for Symphony, reflecting broader market conditions. However, we remain focused on our long-term strategy, including expanding our product portfolio and optimizing our global operations. The recovery of previously written-off receivables and our strategic initiatives demonstrate our commitment to enhancing shareholder value."

Outlook

While Symphony faces headwinds in the short term, the company's management expressed confidence in its strategic direction. The ongoing efforts to streamline operations, expand product offerings, and explore potential divestments are aimed at positioning Symphony for future growth and improved performance.

Investors and analysts will be closely watching Symphony's performance in the coming quarters to assess the effectiveness of these strategic measures in navigating the current challenging business environment.

Symphony Limited will host an interaction with electronic media on August 4, 2025, to discuss the financial results, business outlook, and industry perspectives in more detail.