Q2 revenue rises 31%, margin expands; Symphony plans new product launches
SYMPHONY · price
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On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 1.1 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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Q2 FY27 consolidated revenue rose 31% to Rs 275 crore from Rs 210 crore. Operating profit increased to Rs 36 crore from Rs 13 crore, lifting margin to 13% from 6.4%, while net profit was Rs 24 crore. Input costs reduced gross margin by about 4%. Management expects the standalone margin to improve in the next two quarters. Symphony will launch room air conditioners, brushless DC ceiling fans and air purifiers through an outsourced model.
Profit growth and a possible margin lift support sentiment. New products may widen revenue and cut summer dependence, but execution remains a risk.