Symphony Limited, the Ahmedabad-based air cooling company, reported a 5 per cent decline in consolidated profit after tax (PAT) to ₹40 crore for the quarter ended June 2026, down from ₹42 crore in the same period last year, even as revenue grew 8 per cent to ₹378 crore. The results were disclosed in an earnings call presentation on August 4, 2026.On a standalone basis, the PAT drop was sharper at 24 per cent, falling to ₹28 crore from ₹37 crore in Q1FY26, while standalone revenue rose 5 per cent to ₹241 crore. The company attributed the standalone PAT decline partly to ₹16.9 crore of higher other income in the year-ago quarter, comprising forex gains, treasury income and one-off items, which did not recur this quarter.Despite the PAT fall, EBITDA performance was stronger. Consolidated EBITDA rose 26 per cent to ₹48 crore, with margins expanding 190 basis points to 12.6 per cent. Standalone EBITDA grew 25 per cent to ₹30 crore, with margins improving 200 basis points to 12.3 per cent. Gross margins held steady at the standalone level at 50.9 per cent, while consolidated gross margins improved 140 basis points to 49.8 per cent.India business was the primary growth engine. Domestic revenue grew 15 per cent, led by volume gains. Modern trade more than doubled year-on-year, and direct-to-consumer digital channels were described as highly profitable. The company also flagged that trade and company inventory had fully normalised, with no season-end overhang.Internationally, Bonaire USA posted 35 per cent revenue growth driven by new air cooler SKUs, and GSK China grew 43 per cent with improved profitability on operating leverage. However, IMPCO Mexico revenue fell 18 per cent amid a weak summer season, and CTPL Australia declined 11 per cent.The company’s Beyond India Summer Products (BISP) segment, covering large space ventilation cooling, tower fans, water heaters, exports and overseas subsidiaries, contributed ₹560 crore to trailing twelve-month consolidated revenue, amounting to 48 per cent of the total. On a standalone TTM basis, BISP contributed 23 per cent or ₹179 crore, underscoring the company’s stated strategy of reducing dependence on the Indian summer season.Consolidated ROCE stood at 67 per cent against 56 per cent a year ago, while standalone ROCE moderated to 164 per cent from 166 per cent.Symphony declared a first interim dividend of ₹1 per share (face value ₹2), amounting to a total payout of ₹6.87 crore.On the NSE, Symphony shares closed at ₹672.30, down 1.53 per cent on the day, taking the stock’s year-to-date decline to over 26 per cent. The company’s total market capitalisation stood at approximately ₹4,622 crore as of market close.Published on August 4, 2026