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Symphony Limited — Earnings Release 2026
May 15, 2026
60717_rns_2026-05-15_6cdf6bf4-f9d4-4b71-835f-d1a3fb9e33ba.pdf
Earnings Release
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Thinking of Tomorrow
Symphony
May 15, 2026
To,
To,
National Stock Exchange of India Limited
BSE Limited
Symbol – Symphony
Security Code – 517385
Sub.: Media Release
Dear Sir / Madam,
This is in reference to the above captioned subject line and in continuation with our today's announcement, we are enclosing herewith media release.
Kindly consider this in due Compliance of Regulation 30 and other applicable provisions, if any of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Kindly take note of the same and oblige.
Thanking you,
Yours Truly,
For, Symphony Limited
Mayur
Digitally signed by
Mayur Chimanbhai
Chimanbha Barvadiya
Date: 2026.05.15
i Barvadiya 23:58:03 +05'30'
Mayur Barvadiya
Company Secretary and Head - Legal
Encl: as above
Registered Office: Symphony Limited, Symphony House, Third Floor, FP-12, TP-50, Off S.G. Highway, Bodakdev, Ahmedabad - 380 059, India
T: +91-79-66211111, F: +91-79-66211139-40 | Email – [email protected] | www.symphonylimited.com
CIN - L32201GJ1988PLC010331
Symphony
Thinking of Tomorrow
Media Release
Financial Highlights: (₹ crore)
| Particulars | Consol. | Standalone | ||||
|---|---|---|---|---|---|---|
| FY 24-25 | FY 25-26 | YoY (▲/▼) | FY 24-25 | FY 25-26 | YoY (▲/▼) | |
| Revenue from Operations | 1,576 | 1,131 | (-28%) | 1,182 | 765 | (-35%) |
| EBITDA | 316 | 128 | (-60%) | 287 | 115 | (-60%) |
| EBITDA Margin (%) | 20.1% | 11.3% | (-8.8%) | 24.2% | 15.0% | (-9.2%) |
| PBT* | 326 | 149 | (-54%) | 329 | 164 | (-50%) |
| Particulars | Consol. | Standalone | ||||
| --- | --- | --- | --- | --- | --- | --- |
| Mar'25 Qtr. | Mar'26 Qtr. | YoY (▲/▼) | Mar'25 Qtr. | Mar'26 Qtr. | YoY (▲/▼) | |
| Revenue from Operations | 488 | 338 | (-31%) | 368 | 199 | (-46%) |
| EBITDA | 103 | 52 | (-49%) | 99 | 34 | (-66%) |
| EBITDA Margin (%) | 21.2% | 15.5% | (-5.7%) | 26.9% | 17.0% | (-9.9%) |
| PBT* | 110 | 52 | (-53%) | 109 | 41 | (-63%) |
*before exceptional items
The Board of Directors of the Company in its today's meeting has proposed a final dividend of ₹5 per share (Face Value: ₹2/-) for the financial year 2025-26, taking the year-to-date dividend payout to ~ ₹62 crore.
May 15, 2026: Mr. Nrupesh Shah, Managing Director (Corporate Affairs), Symphony Limited has commented:
- The company reported a softer revenue performance on a standalone basis, against a historically high base in March 2025 that was also partly influenced by spillover from December 2024.
- Beyond India Summer Portfolio (BISP) — comprising LSV, tower fans, kitchen cooling fans, water heaters, India exports, and overseas subsidiary sales — contributed 49% of FY26 consol. revenue, advancing strategic diversification.
- Revenue at IMPCO Mexico and SCL Brazil remained broadly flat, with performance affected by channel inventory overhang.
- In China, GSK China repaid ₹26 crore of the Symphony loan during CY26 year-to-date, reducing the outstanding amount to ₹4 crore from a peak of ₹60 crore in May 2024.
- In the United States, the business recorded strong momentum and remained profitable on both a quarterly and annual basis.
- In Australia, Climate Technologies Pty Ltd (CTPL)'s transformation efforts continued to face challenges, with stagnant revenue and negative profit after tax.
- Domestic demand remained under pressure during the March-2026 quarter, as channel partners adopted a cautious approach amid inventory overhangs. Export revenue was affected by ongoing geopolitical headwinds in the Middle East.
27C
www.symphony.com
WORD LADER IN AIR COOLING SOLUTIONS FOR RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL SPACES. Trusted in Over 60 Countries Worldwide. Now Offering Advanced Tower Fans and Geysers.
Registered Office: Symphony Limited, Symphony House, FP-12 TP-50, Bodakdev, Off SG Highway, Ahmedabad 380059, Gujarat, India.
CIN: L32201G21988PLC010331 | Web: www.symphonylimited.com | Email: [email protected] | Phone: +91-79-66211111 | Fax: +91-79-66211139
Blue GOLDEN STAINES
WOW@L DIET? TSUCH CLUJU SIEVER
DIET JODU, winter DUN, JUNG DIET, Arctic Circle Atoshr Cool SPA SAUNA SOUL 41
BBONAIRE
Symphony
Thinking of Tomorrow
- Business momentum has shown signs of improvement from early April, supported by favorable weather conditions in South and West; however, summer is yet to fully set in across North and Northeast.
- In FY26 standalone financials, BISP revenue stood at ₹192 crore (25% of revenue), lowering India-specific household air cooler summer seasonality.
- EBITDA margin contractions both on standalone and consol. basis are primarily attributed to operating deleverage.
Australia Balance Sheet Reset:
- The company has approved a strategic reset of its Australia business along with steps to sharpen ownership clarity and capital discipline.
- The Company undertook a balance sheet reset for its Australian operations, including impairments at both standalone (~₹298 crore) and consol. (~₹259 crore) levels for the FY 2025-26, to align carrying values with current business realities and structural market changes.
- The decision follows prolonged challenges in Australia, including weakness in the housing and construction cycle, regulatory changes affecting legacy gas-based products, and continued pressure on the acquired business’s financial performance.
- The reset is intended to remove legacy balance sheet ambiguity, improve transparency, and create a cleaner base for future evaluation, while also confirming that no incremental capital will be allocated to Australian subsidiaries beyond the already approved transactions and any essential regulatory or shareholder-protection requirements.
Acquisition of CTPL’s IPRs and Bonaire USA LLC:
- The Board of Director in today’s board meeting has approved the acquisition of intellectual property rights held by CTPL for ~₹23 crore and the acquisition of 100% equity in Bonaire USA LLC for ~₹30 crore, both funded through Symphony’s treasury and subject to requisite regulatory approvals.
- These moves will bring key brands, patents, trademarks and designs directly under the listed parent, while also placing a profitable and strategically relevant U.S. business under Symphony’s direct ownership.
- The transactions will improve ownership clarity, strengthen control over core intangible assets, enhance visibility of the U.S. business’s standalone performance and materially reduce balance working capital borrowings of CTPL.
ABOUT SYMPONY LIMITED:
Symphony Limited, an Indian Multi-National Company with presence in over 60 countries is the world’s leading air cooler company. From inventions to innovations, energy responsibility to environment stewardship, Symphony is a market leader which has been providing comfort cooling to its customers for generations. The massive supremacy of Symphony coolers in the residential, industrial and commercial segments has made the brand synonymous with ‘air-cooling’.
Founded in 1988, in Gujarat, India, Symphony Limited established a new category of evaporative air-cooling in India, taking it to the globe. As a disruptor of a highly unorganized sector, the company has set high benchmarks by defining the golden standard of air cooling. At Symphony, research and development and engineering technology provide sustainable competitive advantages. The company delivers market-leading products that comprise of design innovation, energy efficiency, distinctive styling, and customer-centricity.
As a pioneer in the air-cooling industry, Symphony develops breakthrough technologies to combat climate change. It provides solutions for affordable cooling and comfortable environments for maximum efficiency, productivity, and well-being.
27C
Symphony
Thinking of Tomorrow
World Leader in Air Cooling Solutions for Residential, Commercial, and Industrial Spaces. Trusted in Over 60 Countries Worldwide. Now Offering Advanced Tower Fans and Geysers.
Registered Office: Symphony Limited. Symphony House, FP-12 TP-50, Bodakdev, Off SG Highway, Ahmedabad 380059, Gujarat. India.
CIN: L32201G21988PLC010331 | Web: www.symphonylimited.com | Email: [email protected] | Phone: +91-79-66211111 | Fax: +91-79-66211139
One Global Science
WOWEL DIETARY TWEEN CLOUD SIEVER
DIET JOBBL WINTER BUNG JUNIUS BIKS Arctic Circle Atador Cool SPA SAUNA SOUL 4G ABONAIRE