Symphony Ltd shares tumbled more than 7% after the air-cooling major reported disappointing financial results for the second quarter of FY2025, reflecting sluggish demand and weak seasonal sales. As of 12:30 PM, the shares were trading 6.21% lower at Rs 879.55.
The company posted a 66% year-on-year decline in net profit, which fell to ₹19 crore compared to ₹56 crore in the same quarter last year. Revenue from operations also dropped 44% YoY to ₹163 crore, down from ₹289 crore in Q2 FY2024, as consumer sentiment remained muted during the off-season for air coolers.
Operating performance also weakened sharply, with EBITDA plunging 69% YoY to ₹24 crore, against ₹77 crore in the previous year. The EBITDA margin contracted to 15%, compared to 26.6% a year ago.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
