Symphony Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
SYMPHONY · price
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Symphony Limited reported a net loss of Rs 141 Crores for FY26, a sharp reversal from net profit of Rs 213 Crores in FY25. Revenue from operations declined significantly to Rs 1,131 Crores from Rs 1,576 Crores, representing approximately 28% revenue decline. The loss was driven by exceptional items totaling Rs 208 Crores, primarily comprising Rs 173 Crores impairment of goodwill (Climate Holdings Pty Ltd) and Rs 35 Crores impairment of property, plant and equipment. The company's overseas subsidiaries reported combined losses of Rs 172 Crores. The board recommended a final dividend of Rs 5 per share (250%), with total FY26 dividend aggregating to Rs 9 per share. The statutory auditor issued an unmodified opinion on both standalone and consolidated results.
The stock is likely to face significant negative sentiment due to the massive net loss, sharp revenue decline, and large impairment charges. However, the continued dividend payout despite losses may provide some support to shareholders. The goodwill write-off signals potential overvaluation in past acquisitions.