{"id":178336,"date":"2026-01-29T06:55:45","date_gmt":"2026-01-29T11:55:45","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178336"},"modified":"2026-01-29T06:55:48","modified_gmt":"2026-01-29T11:55:48","slug":"symphony-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/symphony-q3-fy26-earnings-results\/","title":{"rendered":"Symphony Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Symphony was established in 1988, in Ahmedabad, India. The company is engaged in the manufacturing and trading of residential, commercial, and industrial air coolers in the domestic and international markets. It is the largest air cooler manufacturer in the world.\u00a097% of the revenue comes from the sale of Air coolers.<\/p>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results <\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: Consolidated \u20b9179 cr, \u221226% YoY vs \u20b9242 cr, +9.8% QoQ vs \u20b9163 cr; standalone \u20b9182 cr (flat YoY), reflecting persistent demand weakness in air coolers amid unseasonal weather, competitive pressures, and market saturation in India (89% of sales).<\/li>\n\n\n\n<li>EBITDA: Operating profit (excl. OI) \u20b929 cr, margin 16.2% (+422 bps YoY, +148 bps QoQ); driven by aggressive cost cuts including employee expenses down to \u20b923 cr (\u221218% YoY) and finished goods purchases \u221236% YoY.<\/li>\n\n\n\n<li>PAT: Consolidated \u20b920 cr (+5.3% QoQ from \u20b919 cr, but \u221285% YoY vs \u20b9134 cr), EPS \u20b93.00 (\u221284.6% YoY); standalone \u20b934 cr (vs loss of \u20b94 cr YoY); 9M revenue \u20b9593 cr (\u221232% YoY), PAT \u20b981 cr (\u221240% YoY).<\/li>\n\n\n\n<li>Other key metrics: 9M tests\/patients not applicable; cash equivalents low at \u20b920 cr (H1); ROE down to 10.5% from 19%; sales \u221231% vs 4Q avg, third consecutive double-digit YoY decline.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cost rationalisation delivered <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/99802611-189a-404e-b567-d550f4f63127.pdf\" target=\"_blank\" rel=\"noopener\">margin gains amid revenue contraction<\/a> from weak seasonal demand; long-term growth anaemic at 3.2% sales CAGR 5Y, but focus on profitability protection.<\/li>\n\n\n\n<li>Strategic moves: 3rd interim dividend \u20b92\/share declared; rolled back divestment of Australia\/Mexico subsidiaries; Executive Director\/Group CEO Amit Kumar resigned; earnings call Jan 29 for details.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106-839x1024.png\" alt=\"\" class=\"wp-image-178337\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: Consolidated \u20b9163 cr (\u221244% YoY vs \u20b9289 cr, \u221257% QoQ); standalone \u20b9155 cr (\u221240% YoY vs \u20b9259 cr).<\/li>\n\n\n\n<li>EBITDA: \u20b927 cr (\u221263% YoY), margin 10.4% (\u22121,178 bps YoY) from revenue deleverage.\u200b<\/li>\n\n\n\n<li>PAT: \u20b928 cr (\u221258% YoY), EPS impacted; H1 trends weak.<\/li>\n\n\n\n<li>Other key metrics: Lowest quarterly revenue; operating profit \u221270% YoY.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Sharp declines from weak demand beyond seasonality; vulnerability to cycles highlighted.<\/li>\n\n\n\n<li>Strategic moves: Optimism for recovery; cost focus amid market share concerns.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Symphony was established in 1988, in Ahmedabad, India. The company is engaged in the manufacturing and trading of residential, commercial, and industrial air coolers in the domestic and international markets. It is the largest air cooler manufacturer in the world.\u00a097% of the revenue comes from the sale of Air coolers. Q3 FY26 Earnings Results Management [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":178337,"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":[105,6351],"tags":[13572],"class_list":["post-178336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-consumer-stocks","tag-consumer-appliance"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":178532,"url":"https:\/\/alphastreet.com\/india\/voltas-q3-fy26-earnings-results\/","url_meta":{"origin":178336,"position":0},"title":"Voltas Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 30, 2026","format":false,"excerpt":"Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipments and textile industry. Voltas was created 6 decades ago when\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179307,"url":"https:\/\/alphastreet.com\/india\/thermax-q3-fy26-earnings-results\/","url_meta":{"origin":178336,"position":1},"title":"Thermax Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 3, 2026","format":false,"excerpt":"Thermax Limited offers solutions to energy, environment and chemical sectors. The Company\u2019s portfolio includes boilers and heaters, absorption chillers\/ heat pumps, power plants, solar equipment, air pollution control equipment\/system, water and waste recycle plant, ion exchange resins and performance chemicals and related services.\u00a0 Q3 FY26 Earnings Results Revenue from Operations:\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":178856,"url":"https:\/\/alphastreet.com\/india\/rr-kabel-q3-fy26-earnings-results\/","url_meta":{"origin":178336,"position":2},"title":"RR Kabel Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 2, 2026","format":false,"excerpt":"Incorporated in 1995, RR Kabel provides consumer electrical products used for residential, commercial, industrial, and infrastructure purposes in two major segments, namely wires and cables including house wires, industrial wires, power cables, and special cables; and FMEG including fans, lighting, switches, and appliances. Q3 FY26 Earnings Results Revenue from Operations:\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":178541,"url":"https:\/\/alphastreet.com\/india\/swiggy-q3-fy26-earnings-results\/","url_meta":{"origin":178336,"position":3},"title":"Swiggy Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 30, 2026","format":false,"excerpt":"Founded in 2014, Swiggy Ltd is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app. Q3 FY26 Earnings Results Revenue from Operations: \u20b96,148 cr, +54% YoY vs \u20b93,993 cr, +10.6% QoQ vs \u20b95,561 cr; food delivery \u20b92,041 cr (+25% YoY), quick commerce (Instamart)\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178350,"url":"https:\/\/alphastreet.com\/india\/v-guard-q3-fy26-earnings-results\/","url_meta":{"origin":178336,"position":4},"title":"V Guard Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 29, 2026","format":false,"excerpt":"Founded in 1977, V-Guard Industries Ltd. 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While the PG Group had started its journey in 1977, PG Electroplast was formally set up in 2003 and is a leading, diversified Indian Electronic Manufacturing Service provider. It specializes in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM)\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178336","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\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=178336"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178336\/revisions"}],"predecessor-version":[{"id":178339,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178336\/revisions\/178339"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/178337"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=178336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=178336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=178336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}