{"id":178275,"date":"2026-01-29T00:42:18","date_gmt":"2026-01-29T05:42:18","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178275"},"modified":"2026-01-29T00:42:18","modified_gmt":"2026-01-29T05:42:18","slug":"symphony-net-profit-declines-to-inr-200-million-amid-revenue-contraction","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/symphony-net-profit-declines-to-inr-200-million-amid-revenue-contraction\/","title":{"rendered":"Symphony Net Profit Declines to INR 200 Million Amid Revenue Contraction"},"content":{"rendered":"\n

Symphony Ltd (NSE: SYMPHONY; BSE: 517385) shares traded at INR 839.80<\/strong> at the market close on January 29, 2026, representing an intraday move of 1.45%<\/strong>. The stock performance follows the company’s release of its third-quarter financial results for the period ended December 31, 2025.<\/p>\n\n\n\n

\n\n\n\n

Market Capitalization<\/strong><\/h2>\n\n\n\n

As of January 29, 2026, Symphony Ltd holds a market capitalization of INR 57.67 billion<\/strong> (approximately USD 690 million).<\/p>\n\n\n\n

\n\n\n\n

Latest Quarterly Results<\/strong><\/h2>\n\n\n\n

For the third quarter (Q3 FY26), Symphony reported consolidated revenue from operations of INR 1.79 billion<\/strong>, a decline of 7.25% compared to INR 1.93 billion in the corresponding quarter of the previous year.<\/p>\n\n\n\n

Consolidated net profit for the quarter stood at INR 200 million<\/strong>, down 85.07% from INR 1.34 billion reported in Q3 FY25. Earnings per share (EPS) for the period were INR 3.00, compared to INR 19.50 a year earlier.<\/p>\n\n\n\n

Segment Highlights:<\/strong><\/h2>\n\n\n\n
    \n
  • India:<\/strong> Revenue from operations reached INR 1.59 billion.<\/li>\n\n\n\n
  • Rest of the World:<\/strong> Revenue contributed INR 200 million.<\/li>\n<\/ul>\n\n\n\n
    \"\"<\/figure>\n\n\n\n
    \"\"<\/figure>\n\n\n\n
    \n\n\n\n

    Nine-Month View<\/strong><\/h2>\n\n\n\n

    For the nine-month period ended December 31, 2025, Symphony reported total revenue of INR 5.93 billion<\/strong>, down from INR 8.75 billion in the prior year. Net profit for the same period stood at INR 810 million<\/strong>, reflecting a contraction from INR 1.34 billion in the nine-month period of FY25.<\/p>\n\n\n\n

    \n\n\n\n

    Business & Operations Update<\/strong><\/h2>\n\n\n\n

    The company recognized an incremental liability of INR 14 million<\/strong> during the quarter due to the implementation of New Labor Codes, effective November 21, 2025. Additionally, the company reported an exceptional recovery of INR 40 million<\/strong> from Pathways Retail Pvt Ltd. In management changes, Mr. Amit Kumar resigned as Executive Director and Group Chief Executive Officer; Chairman Achal Bakeri will assume these responsibilities during the transition.<\/p>\n\n\n\n

    \n\n\n\n

    M&A or Strategic Moves<\/strong><\/h2>\n\n\n\n

    The Board of Directors has formally rolled back the divestment process for its wholly owned subsidiaries, Climate Holdings Pty Ltd (Australia)<\/strong> and IMPCO S. de R.L. de C.V. (Mexico)<\/strong>. The process, initiated in April 2025, was terminated as proposals did not align with the company\u2019s valuation expectations and strategic requirements.<\/p>\n\n\n\n

    \n\n\n\n

    Equity Analyst Commentary<\/strong><\/h2>\n\n\n\n

    Institutional coverage following the results remains cautious. HDFC Securities<\/strong> maintain an “Add” rating with a price target of INR 1,150, while Anand Rathi<\/strong> maintains a “Buy” rating with a target of INR 1,194. Analysts highlighted the divergence between improved sequential margins and persistent year-on-year revenue declines as a primary area of focus.<\/p>\n\n\n\n

    \n\n\n\n

    Guidance & Outlook<\/strong><\/h2>\n\n\n\n

    The Board declared a third interim dividend of INR 2 per equity share<\/strong> for FY26, with a record date of February 3, 2026. Management has indicated that market conditions remain challenging, with industry-wide inventory overhangs in the air cooler segment. Regulatory shifts regarding labor codes and geopolitical factors influencing international subsidiaries are cited as key factors to watch.<\/p>\n\n\n\n

    \n\n\n\n

    Performance Summary<\/strong> <\/h2>\n\n\n\n

    Symphony stock closed 1.45% higher<\/strong> at INR 839.80 today. The company reported a 7.25% decline in quarterly revenue<\/strong> to INR 1.79 billion and an 85.07% drop in net profit<\/strong>. The domestic India segment remains the primary revenue driver, contributing 89% of quarterly sales.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Symphony Ltd (NSE: SYMPHONY; BSE: 517385) shares traded at INR 839.80 at the market close on January 29, 2026, representing an intraday move of 1.45%. The stock performance follows the company’s release of its third-quarter financial results for the period ended December 31, 2025. Market Capitalization As of January 29, 2026, Symphony Ltd holds a […]<\/p>\n","protected":false},"author":2392,"featured_media":125269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5,1941,392,10444],"tags":[10169,14492,14983],"class_list":["post-178275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-stock-analysis","category-earnings","category-others","tag-earnings","tag-financial-results","tag-symphony"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":141440,"url":"https:\/\/alphastreet.com\/india\/symphony-q3fy23-net-profit-rises-by-86\/","url_meta":{"origin":178275,"position":0},"title":"Symphony Q3FY23 net profit rises by 86%","author":"Chirag Gupta","date":"February 14, 2023","format":false,"excerpt":"Air cooler and appliances maker Symphony on Wednesday reported 85.71 per cent jump in consolidated net profit at INR 39 crore for the third quarter ended December 2022. The company had logged a net profit of INR 21 crore in October-December period a year ago, Symphony said in a regulatory\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":178365,"url":"https:\/\/alphastreet.com\/india\/swiggy-ltd-shares-close-at-inr-324-05-following-q3-fy26-earnings-disclosure\/","url_meta":{"origin":178275,"position":1},"title":"Swiggy Ltd Shares Close at INR 324.05 Following Q3 FY26 Earnings Disclosure","author":"Staff Correspondent","date":"January 29, 2026","format":false,"excerpt":"Swiggy Ltd (SWIGGY) shares traded at INR 324.05 on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) during today\u2019s session, representing a 0.17% increase from the previous close of INR 323.50. The stock reached an intraday high of INR 330.50 and a low of INR 321.65. Total traded\u2026","rel":"","context":"In "Retail"","block_context":{"text":"Retail","link":"https:\/\/alphastreet.com\/india\/category\/retail-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":181153,"url":"https:\/\/alphastreet.com\/india\/maan-aluminium-reports-revenue-and-profit-decline-in-third-quarter\/","url_meta":{"origin":178275,"position":2},"title":"Maan Aluminium Reports Revenue and Profit Decline in Third Quarter","author":"Staff Correspondent","date":"February 17, 2026","format":false,"excerpt":"Maan Aluminium Ltd (NSE: MAANALU, BSE: 532906) closed at 148.02 on the National Stock Exchange today, representing an intraday increase of 0.25%. The stock fluctuated between an intraday low of 145.14 and a high of 149.79. Market Capitalization The market capitalization of Maan Aluminium Ltd stood at INR 887.90 crore\u2026","rel":"","context":"In "LATEST"","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":181265,"url":"https:\/\/alphastreet.com\/india\/rathi-steel-and-power-reports-higher-quarterly-income-and-profit-for-q3-fy26\/","url_meta":{"origin":178275,"position":3},"title":"Rathi Steel And Power reports higher quarterly income and profit for Q3 FY26","author":"Staff Correspondent","date":"February 18, 2026","format":false,"excerpt":"Rathi Steel And Power Ltd (BSE: 504903) shares ended lower on Wednesday, following the disclosure of its third-quarter financial results. The stock closed at 22.15, a decline of 0.09% from the previous session's close. Market Capitalization The market capitalization of Rathi Steel And Power Ltd stood at INR 191.29 crore\u2026","rel":"","context":"In "LATEST"","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":179513,"url":"https:\/\/alphastreet.com\/india\/rashi-peripherals-reports-profit-growth-in-third-quarter-results\/","url_meta":{"origin":178275,"position":4},"title":"Rashi Peripherals reports profit growth in third quarter results","author":"Staff Correspondent","date":"February 4, 2026","format":false,"excerpt":"Rashi Peripherals Ltd (NSE: RPTECH) shares rose on Wednesday following the disclosure of its financial results for the quarter ended December 31, 2025. The company's stock closed at 391.45 per share, representing an intraday increase of 7.26% from the previous close. Market Capitalization As of the market close on February\u2026","rel":"","context":"In "LATEST"","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":180444,"url":"https:\/\/alphastreet.com\/india\/siemens-ltd-reports-increase-in-q3-2026-net-profit-and-revenue\/","url_meta":{"origin":178275,"position":5},"title":"Siemens Ltd Reports Increase in Q3 2026 Net Profit and Revenue","author":"Staff Correspondent","date":"February 12, 2026","format":false,"excerpt":"Siemens Ltd (SIEMENS.NS, SIEMENS.BO) shares closed at INR 7,412.50 on Thursday, representing a 1.45% increase from the previous session's close. The company\u2019s market capitalization stood at INR 2.64 trillion ($31.8 billion) at the conclusion of today's trading on the National Stock Exchange. Latest Quarterly Results For the third quarter ended\u2026","rel":"","context":"In "LATEST"","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2392"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=178275"}],"version-history":[{"count":2,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178275\/revisions"}],"predecessor-version":[{"id":178279,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178275\/revisions\/178279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125269"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=178275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=178275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=178275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}