Symphony Limited has released the transcript of its Q3 FY26 earnings conference call, held on January 29, 2026. The call discussed the company’s financial performance, market position, and future outlook. Standalone revenue was ₹182 crores for the quarter, with a PAT of ₹34 crores. Consolidated revenue stood at ₹233 crores. The company has decided to roll back the proposed IB transaction and will continue to nurture its existing businesses.
Financial Highlights
For Q3 FY26, Symphony Limited’s standalone performance included revenue of ₹182 crores, consistent with the previous year. EBITDA was ₹31 crores, and PAT reached ₹34 crores. The company cited increased advertising and sales promotion expenses for water heaters as a factor affecting EBITDA. Recovery from Pathways contributed ₹4 crores during the quarter, bringing the total recovery to ₹8.5 crores for the nine-month period.
Consolidated Results
The consolidated revenue for Q3 FY26 was ₹233 crores, compared to ₹242 crores in the previous year. EBITDA stood at ₹24 crores, and PAT was ₹20 crores.
Segment Performance
Products selling year-round comprised approximately 26% of the standalone top line in the first nine months of the fiscal year.
Strategic Decisions
Symphony Limited has decided to roll back the proposed IB transaction, involving the divestment of stakes in IMPCO (Mexico) and Climate Holdings (Australia). This decision was based on a review of the valuation offered and broader strategic considerations. The company intends to nurture these businesses and sees potential for growth, particularly in Mexico and the United States.
Market Position
Symphony estimates the primary market size for air coolers at approximately ₹5,000 crores. The company identifies itself as the market leader in the organized sector, which constitutes about 35% of the total market. Other key segments for Symphony include rural and semi-urban areas, e-commerce, quick commerce, D2C, and institutional sales, which account for 40%-50% of Symphony’s sales to dealers and distributors.
Subsidiary Performance
Climate Holdings (Australia) recorded a top line of ₹128 crores, a negative EBITDA of ₹8 crores, and a negative PAT of ₹18 crores for the nine-month period. IMPCO (Mexico) reported revenue of ₹101 crores, an EBITDA of ₹5 crores, and a negative PAT of ₹1 crore for the same period. GSK China had a top line of ₹80 crores and an EBITDA of ₹8 crores.
Source: BSE
