Symphony Limited has informed the Exchange regarding 'Declaration of 1st Interim Dividend for the FY 2025-26 at the rate of Re. 1/- per share'.
SYMPHONY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Symphony Limited's board declared a 1st interim dividend of Re. 1 per share (50% on face value of ₹2), amounting to ₹6.87 crores in payout. Consolidated revenue from operations fell to ₹251 crores in Q1 FY26 from ₹393 crores in Q1 FY25, a drop of about 36% year-on-year. Net profit (including discontinued operations) declined to ₹42 crores from ₹88 crores, while EPS dropped to ₹6.08 from ₹12.76. The company recorded a ₹4.50 crore exceptional item from recovery of previously written-off dues from Pathways Retail. The company is also exploring divestment of its Australian (SAPL/Climate Technologies/Bonaire) and Mexican (IMPCO) subsidiaries, which have been classified as discontinued operations, and closed the Salisbury manufacturing unit in Australia in July 2025.
The dividend is modest in payout size, so the main focus for shareholders is the steep year-on-year decline in both revenue and profits, reflecting weakness in the core air cooling business. The divestment of overseas subsidiaries is a strategic restructuring move that could change the company's future earnings profile.