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Earnings Call

Symphony Earnings Call: Key Takeaways

Symphony Limited reported flat standalone revenue for Q3 FY26, with profits distorted by the prior-year Pathway write-off recovery. Management is rolling back the proposed divestment of international subsidiaries due to valuation gaps.

Highlights
Revenue growthFlat standalone revenue YoY; consolidated 9M revenue down 27%.
MarginsGross margins at 48.3%; EBITDA impacted by water heater promo spends.
Demand visibilityTrade inventory normalized; structural growth story for medium to long-term.
Management confidenceBalanced but defensive regarding valuation gaps in international divestments.

Growth

Standalone revenue remained flat at ₹182 cr; nine-month consolidated revenue fell 27% YoY to ₹793 cr.

Outlook

Rolling back divestment of Inco Mexico and Climate Technologies; focusing on nurturing international business.

Risks

Subdued summer impacting Mexico sales and significant valuation gaps halting international divestment strategy.

Source

Earnings Call filed with NSE, NSE: SYMPHONY. Summary written with AI assistance from the document.

Read the document ↗

Symphony Ltd: key numbers

Share price
₹588.80
Market cap
₹4,043 Cr
Revenue (annual)
₹1,130 Cr
Net profit (annual)
₹-141.1 Cr
P/E (TTM)
-29.1×Sector 45.9×
Promoter holding
73.43%+0.00% QoQ
FII holding
2.43%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Execution
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