Symphony Limited (517385) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 revenue declined to INR 229 crore from INR 373 crore year-over-year due to a weak, rain-disrupted summer and high prior-year base.

• PAT for the quarter was INR 37 crore, down from INR 69 crore year-over-year, with an exceptional gain of INR 5 crore from a write-back.

• June 2025 quarter sales were the second-highest ever for the company, 10% above June 2022.

• Interim dividend of INR 1 per share (INR 6.87 crore total) approved; final dividend of INR 8 per share to be released.

• Discontinued operations contributed a net profit of INR 3 crore in Q1 FY26.

Financial highlights

• Trailing 12 months standalone revenue: INR 1,038 crore vs INR 996 crore prior period; gross margin up 2% to INR 508 crore.

• EBITDA for trailing 12 months: INR 229 crore (flat year-over-year); standalone EBITDA margin dropped from 22.0% to 10.3%.

• PBT before exceptional items: INR 283 crore, up from INR 275 crore.

• Consolidated turnover (continuing ops): INR 251 crore; PAT: INR 39 crore; PAT margin: 15.4%.

• Buyback of 285,600 shares at INR 2,500 per share completed in FY25 for INR 71.40 crore.

Outlook and guidance

• Current quarter sales expected to remain subdued due to high channel inventory and lack of consumer demand in monsoon season.

• Strategic focus on high-growth, high-margin markets in India and key export geographies, with portfolio expansion and new product launches.

• Growth in non-seasonal and counter-seasonal products (fans, water heaters) expected to continue.

• Exports and new product categories to drive future growth.

• Strategic initiative underway to divest/monetize stakes in subsidiaries in Australia and Mexico, with assets and liabilities reclassified as held for sale.