Symphony Limited , a leading player in the air cooling solutions market, has reported a significant decline in its financial performance for the second quarter of the fiscal year. The company's consolidated net profit fell by 66% to ₹190 million, down from ₹560 million in the same period last year, reflecting challenging market conditions and reduced consumer spending.

Key Financial Highlights

Profitability Under Pressure

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) witnessed a sharp decline, falling to ₹240.00 million from ₹770.00 million year-over-year. This 69.00% decrease in EBITDA reflects the company's struggle to maintain operational efficiency in the face of reduced sales.

The EBITDA margin, a key indicator of a company's operating profitability as a percentage of its total revenue, compressed significantly to 14.72% compared to 26.64% in the previous year. This substantial contraction of 1192 basis points suggests that Symphony faced challenges in managing its operating expenses relative to its revenue during the quarter.

Revenue Decline

Symphony's revenue for Q2 FY2024 was ₹1,630.00 million, compared to ₹2,890.00 million in Q2 FY2023, representing a decline of 44.00%.

Market Implications

The sharp decline in Symphony's financial performance may raise concerns among investors about the company's near-term growth prospects and its ability to navigate the current market challenges. Factors such as reduced consumer spending or increased competition in the air cooling segment could be contributing to the company's difficulties.

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 commentary on the factors behind the decline and their outlook for the rest of the fiscal year will be crucial for understanding Symphony's path forward.

Symphony's ability to innovate, manage costs, and potentially explore new market opportunities will be critical in addressing the current downtrend. The company may need to focus on operational efficiency, product diversification, or market expansion strategies to regain its growth momentum in the competitive air cooling solutions market.

As the Indian market continues to evolve, Symphony's performance in the coming quarters will be a key indicator of its resilience and adaptability in challenging economic conditions.

Symphony Limited , a leading air cooler manufacturer, has announced its 24th interim dividend for the fiscal year 2025-26. The company has set November 12, 2025, as the record date for the payment of this dividend, subject to approval by the Board of Directors in their upcoming meeting scheduled for November 6, 2025.

Key Details

• Record Date: Wednesday, November 12, 2025
• Board Meeting Date: Thursday, November 6, 2025
• Dividend Type: 2nd Interim Dividend for FY2025-26

Eligibility Criteria

Shareholders whose names appear in the Register of Members of the company as of the closing hours on November 12, 2025, will be entitled to receive the interim dividend, if declared by the Board.

Regulatory Compliance

The company has adhered to regulatory requirements by submitting newspaper clippings of the record date notice to both the National Stock Exchange of India Limited and BSE Limited. This submission was made by Mayur Barvadiya, Company Secretary and Head-Legal of Symphony Limited, on October 30, 2025.

Investor Information

Symphony Limited has ensured transparency by making this information available on various platforms:

• Company website: www.symphonylimited.com
• Stock exchange websites: www.bseindia.com and www.nseindia.com

Investors and shareholders are advised to take note of these dates and monitor the company's announcements for further details on the dividend declaration.

The announcement of an interim dividend typically signals the company's confidence in its financial performance and commitment to returning value to shareholders. However, investors should note that the final decision on the dividend declaration rests with the Board of Directors and will be confirmed in the upcoming meeting.

Symphony Limited, known for its innovative cooling solutions, continues to maintain its tradition of regular dividend payments, reflecting its stable financial position in the competitive appliance market.