Symphony Ltd has announced a 28% drop in revenue for FY26 compared to the previous year, with a loss of ₹141 crore due to impairment in its Australian operations. The company will be distributing a dividend of ₹5 per share and plans to withdraw from further investments in Australia. Instead, it aims to focus on expanding in the U.S. and China, as well as diversifying its product portfolio.
Symphony Limited
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Symphony is increasing its prices effective July 1, driven by a surge in demand for coolers amid the returning heatwaves across India.
HDFC Securities has revised its recommendations for Q4 FY26 results, downgrading Amber Enterprises to 'Reduce', maintaining 'Sell' for Deepak Nitrite, upgrading KEC International to 'Add', and assigning 'Buy' to Symphony amid mixed outlooks for the companies.
Symphony Limited achieves a revenue of ₹1,131 Crore in FY26, attributed mainly to strategic emphasis on the BISP portfolio and a revamped market strategy.
Symphony's customer demand has been robust in April and May, indicating a promising outlook for the coming months. The company projects a positive trajectory ahead.
Symphony's stock took a dip, reaching a 15-month low, due to losses in Q4 attributed to adverse weather conditions.
Symphony has announced a restructuring of its balance sheet due to underperformance in Australia operations, leading to impairment charges totaling approximately INR 557 crores. The charges consist of write-offs on equity and assets worth around INR 298 crores and INR 259 crores respectively. The company also acquired Climate Tech intellectual property for AUD 3.3 million as part of this move.
Symphony's Q4 report reveals a change from profits to losses due to a significant drop in revenue. Remarkably, the company still plans to distribute dividends, showcasing resilience amidst financial challenges.
Symphony Ltd reported a Q4 net loss of ₹218 crore, primarily due to a 30.7% revenue decline and impairment costs on its Australian division. Despite this setback, the company's shares increased by 2.2%, closing at ₹788.5, possibly indicating investor confidence in future growth prospects. Additionally, the board has approved acquisitions worth ₹53 crore and a ₹5 per share dividend for FY26.
Symphony Ltd has announced a dividend of ₹5 per share, amounting to ₹34.34 crore for the fiscal year 2025-26. The board also decided to reappoint Mr. Nrupesh Shah as Managing Director for another five years and approved corporate restructuring initiatives, including asset reclassification and subsidiary stake transfers.
Symphony experiences a significant net loss of INR 2.18 billion in Q4, significantly higher than the previous year. This is accompanied by a 31% decrease in revenue, falling from INR 4.9 billion to INR 3.4 billion YoY.
Symphony Ltd will present their Q4 and full-year results of the fiscal year 2025-26 at a board meeting on May 15, 2026. The gathering will also include a recommendation for the final dividend distribution for FY 2025-26, as per SEBI regulations.