Ahmedabad | August 5, 2026
Air cooler manufacturer Symphony Limited reported a 5% year-on-year decline in net profit for the first quarter of FY 2026–27 (April–June), even as the company posted higher revenue and stronger operating performance.
The company’s net profit (PAT) declined to ₹40 crore in the June 2026 quarter, compared with ₹42 crore in the corresponding quarter of the previous financial year.
Revenue Rises 8% on Strong Sales
Despite the decline in profit, Symphony reported healthy growth in its top line.
Revenue from operations increased 8% year-on-year to ₹378 crore, up from ₹350 crore in the June quarter of FY26, indicating continued demand for the company’s cooling products.
EBITDA Jumps 28%
The Ahmedabad-headquartered company delivered a strong improvement in operating performance during the quarter.
According to its regulatory filing:
- EBITDA rose 28% to ₹46 crore, compared with ₹36 crore a year earlier.
- EBITDA margin improved to 12.2%, up from 10.3% in the corresponding quarter last year.
The higher margin reflects improved operational efficiency and better cost management despite a challenging business environment.
Asset-Light Business Model Continues to Drive Efficiency
Founded in 1988 by Achal Bakeri, Symphony has grown into one of the world’s leading companies in the evaporative cooling segment, with operations in more than 60 countries.
The company offers cooling solutions for:
- Residential use
- Commercial applications
- Industrial facilities
Symphony follows an asset-light business model, focusing primarily on:
- Research and development (R&D)
- Product innovation
- Design
- Brand building
Most of its manufacturing operations are outsourced, allowing the company to remain capital efficient while positioning its products as energy-efficient and environmentally friendly alternatives to conventional air-conditioning systems.
Stock Declines After Earnings
Investor sentiment remained cautious following the quarterly results.
During afternoon trading, Symphony shares were trading at:
- ₹672.20
- Down ₹10.55, or 1.55%
Symphony Share Performance
The stock has remained under pressure over multiple time frames:
- 1 Week: Down 2.8%
- 6 Months: Down approximately 29%
- 1 Year: Down 36.2%
The recent decline reflects broader market concerns despite the company’s improving operational margins.
Key Highlights
| Metric | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Net Profit (PAT) | ₹40 crore | ₹42 crore | ▼ 5% |
| Revenue | ₹378 crore | ₹350 crore | ▲ 8% |
| EBITDA | ₹46 crore | ₹36 crore | ▲ 28% |
| EBITDA Margin | 12.2% | 10.3% | Improved |
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