SYMPHONY Q3 FY26 earnings call.
A source-linked concall view: reported numbers, management language, guidance, commitments and risks that should carry forward.
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Revenue
₹233 Cr
verified against source
Revenue YoY
0%
reported change
EBITDA
₹31 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Symphony reported flat standalone Q3 revenue at ₹182 crore versus ₹182 crore YoY, with EBITDA declining to ₹31 crore from ₹34 crore due to elevated advertisement and sales promotion expenses (₹11 crore, over 90% for water heater category). PAT stood at ₹34 crore versus -₹4 crore in Q3 FY25 (which had pathway write-off). For 9M FY26, standalone revenue was ₹566 crore versus ₹814 crore (decline due to weak summer season), with PAT at ₹99 crore versus ₹132 crore. The proposed IB transaction to divest IMCO Mexico and Climate Technologies has been rolled back due to valuation gaps and geopolitical uncertainty, with management highlighting tariff tailwinds for Mexico and US operations. Counter-seasonal products now contribute 26% of India revenue. Management maintained market leadership position (next five players combined smaller than Symphony), with Google ratings of 4.8 and 2 out of 3 air cooler searches on Google being for Symphony. Key risk: continued losses at Climate Technologies Australia (-₹8 crore EBITDA in 9M) with no firm timeline for profitability; revenue decline in overseas subsidiaries due to subdued summer.
Colored figures show movement against the previous available record.
Guidance to track
No guidance to track were recorded for this quarter.
Risks flagged
- Australia subsidiary reported -₹8 crore EBITDA in 9M FY26 (improved from -₹40 crore but still loss-making) with cash loss of -₹15 crore. Management declined to commit to profitability timeline, stating 'time will tell'.
- Mexico subsidiary revenue fell to ₹101 crore from ₹135 crore in 9M due to subdued summer of 2025, after three bumper years (FY21-24). Management sees improvement potential from tariff dynamics but no specific recovery timeline provided.
- Over 90% of Q3 advertisement and sales promotion (₹11 crore) was for water heater category. Management expects benefits to accrue over medium-to-long term with no specific revenue targets disclosed despite analyst request.
- Management declined to share specific market share percentages, stating market share has been 'within a band of 1-2%' over 3-4 years. Unable to independently verify claims of being larger than next five players combined.
Key quotes
- The IB transaction has been reviewed and it has been decided to roll back the IB proposed IB transaction to divest the stake in IMCO Mexico and climate technologies... the valuation offered didn't meet with our valuation expectation as well as broader strategic consideration
- Considering the tariff situation there seems to be a great potential in Mexico as well as United States and we are already witnessing decent traction
- Two out of three customers look for Symphony while looking for an air cooler
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