News Earnings Symphony Limited Reports Q3FY26 Results: Net Profit Falls to ₹20 Crores, Board Declares Interim DividendSymphony Limited Reports Q3FY26 Results: Net Profit Falls to ₹20 Crores, Board Declares Interim Dividend
Symphony Limited reported Q3FY26 consolidated net profit of ₹20 crores, down from ₹134 crores in Q3FY25, with revenue declining to ₹179 crores. The Board declared a 3rd interim dividend of ₹2 per share and rolled back the divestment process for subsidiaries in Australia and Mexico. The company also announced the resignation of Executive Director and Group CEO Mr. Amit Kumar.
*this image is generated using AI for illustrative purposes only.
Symphony Limited announced its Q3FY26 financial results for the quarter ended December 31, 2025, showing mixed performance with declining profitability despite strategic dividend distribution and key corporate decisions.
Financial Performance Overview
The company reported consolidated financial results that reflected challenging market conditions during the third quarter of FY26.
| Metric | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹179 crores | ₹193 crores | -7.25% |
| Total Income | ₹187 crores | ₹200 crores | -6.50% |
| Net Profit | ₹20 crores | ₹134 crores | -85.07% |
| Earnings Per Share | ₹3.00 | ₹19.50 | -84.62% |
For the nine months ended December 31, 2025, the company achieved revenue from operations of ₹593 crores compared to ₹875 crores in the corresponding period of FY25, while net profit stood at ₹81 crores versus ₹134 crores in the previous year.
Dividend Declaration and Corporate Actions
The Board of Directors approved several significant decisions during their meeting held on January 28, 2026.
| Decision | Details |
|---|---|
| Interim Dividend | ₹2 per equity share (100%) |
| Record Date | February 03, 2026 |
| Payment Date | On or before February 22, 2026 |
| Total Amount | ₹13.73 crores |
Strategic Divestment Process Rolled Back
In a major strategic reversal, Symphony Limited decided to roll back the divestment process for its wholly owned subsidiaries that was initiated in April 2025. The company had engaged with multiple strategic and financial investors through a comprehensive global outreach for Climate Holdings Pty Ltd., Australia and IMPCO S. de R.L. de C.V., Mexico.
The Board cited several factors for this decision:
- No proposal received aligned with the company's value expectations
- Long-term strategic considerations remained unmet
- Rapidly evolving geopolitical landscape
- Shifting macroeconomic dynamics
- Heightened external uncertainty reinforced strategic advantage of maintaining direct presence
Leadership Changes
The company announced a significant change in its key managerial personnel. Mr. Amit Kumar (DIN: 01946117) formally expressed his intention to resign from his position as Executive Director and Group Chief Executive Officer. The Board has accepted his resignation and authorized Mr. Achal Bakeri, Chairman and Managing Director, to finalize the effective date for relinquishment of responsibilities.
Exceptional Items and Recovery
The company reported exceptional items during the quarter, including recovery of ₹4.00 crores from M/s Pathways Retail Pvt Ltd, Delhi, and recognition of ₹1.40 crores incremental liability due to New Labour Codes effective from November 21, 2025.
Segment Performance
The Air Cooling and Other Appliances segment showed varied performance across different geographies, with India contributing ₹159 crores and Rest of the world contributing ₹20 crores to the revenue from operations during Q3FY26.
The company continues to maintain its position as a world leader in air cooling solutions, operating across residential, commercial, and industrial spaces in over 60 countries worldwide.
Historical Stock Returns for Symphony
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.45% | -1.76% | -2.51% | -24.75% | -33.81% | -18.63% |
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