Symphony Limited’s board has declared an interim dividend of ₹2 per share (100%) for FY 2025-26, payable by February 22, 2026. The board also resolved to roll back the divestment or monetization process for its subsidiaries, Climate Holdings Pty Ltd (Australia) and IMPCO S. de R.L. de C.V. (Mexico), citing evolving geopolitical landscape, macro-economic dynamics, and external uncertainty. Amit Kumar resigned as Executive Director and Group CEO.
Interim Dividend Declared
The Board of Directors has declared a third interim dividend of ₹2 per share (100%) with a face value of ₹2 each, for the financial year 2025-26. This dividend will be paid to shareholders on or before February 22, 2026.
Divestment Plans Reconsidered
Symphony Limited initiated a structured process to explore potential divestment or monetization of its stakes in Climate Holdings Pty Ltd (Australia) and IMPCO S. de R.L. de C.V. (Mexico) following a board decision on April 12, 2025. The company engaged with multiple strategic and financial investors, but no proposal aligned with the company’s value expectations or strategic considerations.
The Board has decided to roll back the divestment or monetization process for these two subsidiaries, citing the rapidly evolving geo-political landscape, shifting macro-economic dynamics, and heightened external uncertainty. The Board believes maintaining a direct presence in these key geographies provides a strategic advantage.
Change in Key Personnel
Mr. Amit Kumar has formally expressed his intention to resign from his position as Executive Director and Group Chief Executive Officer. The Board has accepted his resignation and authorized Mr. Achal Bakeri to finalize the effective date for relinquishment of his responsibilities.
Financial Performance
For the quarter ended December 31, 2025 (Q3 FY26), Symphony Limited reported consolidated total revenues of ₹635 Crores and a net profit of ₹81 Crores. The standalone total revenues were ₹613 Crores with a net profit of ₹99 Crores. The company’s board stated that complete financial results are available in a separate release.
Segment Performance
Air Cooling and Other Appliances business recorded revenues of ₹572 Crores, with the Corporate Funds revenue reported as ₹31 Crores in Symphony Limited’s standalone results for the same period.
Source: BSE
