Outcome of Board Meeting
SYMPHONY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.4 pts less than Nifty Microcap 250 and 6.3 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Symphony Limited reported a net loss of ₹141 Crores for FY2025-26 compared to a net profit of ₹213 Crores in the prior year. Revenue from operations declined significantly to ₹1,131 Crores from ₹1,576 Crores (approx 28% decline), impacted by subdued demand in the air cooling business. The company recorded exceptional items of ₹208.57 Crores primarily comprising goodwill impairment of ₹173.09 Crores and PPE/intangible asset impairment of ₹35.47 Crores for its Climate Holdings subsidiary due to underperformance. The Board recommended a final dividend of ₹5 per share (250%) with total dividend for the year at ₹9 per share (450%), subject to shareholder approval. The statutory auditor issued an unmodified opinion. Comparative figures for FY2024-25 were restated due to exchange difference reclassification. Mr. Nrupesh Shah was reappointed as Managing Director – Corporate Affairs for a further five years.
The company swung to a net loss driven by major goodwill and asset impairments and revenue decline. While the auditor gave a clean opinion and the dividend was maintained, the significant loss and revenue contraction signal stress in the overseas operations and domestic cooling business.