Symphony climbs after Q2 PAT rises 41.18% YoY

Symphony rose 3.54% to Rs 520.85 after the company reported a 41.18% year-on-year increase in consolidated net profit to Rs 24 crore in Q2 FY27 from Rs 17 crore in Q2 FY26.

Sequentially, net profit declined 40% from Rs 40 crore in Q1 FY27.

Revenue from operations increased 30.95% year on year to Rs 275 crore from Rs 210 crore. However, revenue declined 27.25% quarter on quarter from Rs 378 crore in Q1 FY27.

Profit before tax stood at Rs 38 crore in Q2 FY27, down 24% vs previous quarter and up 80.95% vs year-ago quarter.

Total expenses rose 19.42% to Rs 246 crore from Rs 206 crore. Cost of materials consumed declined 53.13% to Rs 15 crore from Rs 32 crore. Employee benefits expense remained unchanged at Rs 35 crore, while other expenses were flat at Rs 45 crore.

The Air Cooling and Other Appliances segment reported revenue of Rs 273 crore, up 24.09% from Rs 220 crore a year earlier. Revenue from India increased 12.59% to Rs 161 crore from Rs 143 crore, while revenue from the rest of the world rose 70.15% to Rs 114 crore from Rs 67 crore.

Net cash generated from operating activities for the six months ended 30 September 2026 stood at Rs 326 crore, compared with Rs 104 crore a year earlier.

The board declared a second interim dividend of Rs 2 per equity share of Rs 2 face value. The record date is 4 November 2026.

Symphony is engaged in the manufacturing and trading of residential, commercial, and industrial air coolers in the domestic and international markets.

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