Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results and Dividend

Audit Opinion:

The Statutory auditors, B S R & Co. LLP, have expressed an unmodified conclusion on both the standalone and consolidated financial results.

Key Financial Highlights [unit: ₹ Crores]

Consolidated Results:

Quarter Ended June 30, 2026 (Unaudited)

  • Revenue from Operations: ₹378
  • Total Income: ₹391
  • Profit before exceptional items and tax: ₹50
  • Exceptional items: ₹0 (Refer to Note 5 for prior periods)
  • Profit/(Loss) before tax: ₹50
  • Tax expense: ₹10
  • Current tax: ₹5
  • Deferred tax: ₹5
  • Net Profit/(Loss) for the period: ₹40
  • EPS: Not explicitly stated in consolidated section
  • Other Comprehensive Income/(Loss) for the period, net of tax: ₹1
  • Total Comprehensive Income/(Loss) for the period: ₹41

Comparison with Previous Periods:

  • Revenue from Operations for Q1 FY26 (June 30, 2025): ₹350
  • Net Profit for Q1 FY26: ₹42
  • Net Loss for Q4 FY26 (March 31, 2026): ₹(218)

Standalone Results:

Quarter Ended June 30, 2026 (Unaudited)

  • Revenue from Operations: ₹241
  • Total Income: ₹252
  • Profit before exceptional items and tax: ₹37
  • Exceptional items: ₹0
  • Profit/(Loss) before tax: ₹37
  • Tax expense: ₹9
  • Current tax: ₹6
  • Deferred tax: ₹3
  • Net Profit/(Loss) for the period: ₹28
  • EPS: ₹4.09 (Basic & Diluted)
  • Other Comprehensive Income/(Loss) for the period, net of tax: ₹1
  • Total Comprehensive Income/(Loss) for the period: ₹29
  • Paid-up Equity Share Capital: ₹14 Crores (Face Value ₹2 per share)
  • Reserves excluding Revaluation Reserve: ₹266 Crores

Comparison with Previous Periods:

  • Revenue from Operations for Q1 FY26 (June 30, 2025): ₹229
  • Net Profit for Q1 FY26: ₹37
  • Net Loss for Q4 FY26 (March 31, 2026): ₹(265)

Segment-wise Performance [unit: ₹ Crores]

Consolidated Segment Results (Quarter Ended June 30, 2026):

Segment Revenue:

  • Air Cooling and Other Appliances: ₹383
  • Corporate Funds: ₹8
  • Total: ₹391

Segment Results (PBIT):

  • Air Cooling and Other Appliances: ₹45 (Profit before exceptional items: ₹45)
  • Corporate Funds: ₹8
  • Segment Total: ₹53
  • Less: Finance costs: ₹3
  • Less: Net tax expense: ₹10
  • Net Profit for the period: ₹40

Geographical Revenue (Consolidated):

  • India: ₹231
  • Rest of the world: ₹147
  • Total: ₹378

Standalone Segment Results (Quarter Ended June 30, 2026):

Segment Revenue:

  • Air Cooling and Other Appliances: ₹242
  • Corporate Funds: ₹8
  • Un-allocable: ₹2
  • Total: ₹252

Segment Results (PBIT):

  • Air Cooling and Other Appliances: ₹27 (Profit before exceptional items: ₹27)
  • Corporate Funds: ₹8
  • Un-allocable: ₹2
  • Segment Total: ₹37
  • Less: Finance costs: ₹0
  • Less: Net tax expense: ₹9
  • Net Profit for the period: ₹28

Geographical Revenue (Standalone):

  • India: ₹231
  • Rest of the world: ₹10
  • Total: ₹241

Corporate Actions:

The Board declared a 1st interim dividend of ₹1/- (50%) per equity share having a face value of ₹2/- each for the financial year 2026-27, amounting to ₹6.87 crores. The said interim dividend shall be payable to the shareholders on or before August 31, 2026.

Other Significant Information:

Exceptional Items (Note 5):

The notes detail exceptional items from previous periods, including:

  • Recovery of ₹4.50 crores (Q1 FY25) and ₹8.50 crores (FY26) against a write-off of ₹50.22 crores from M/s Pathways Retail Pvt Ltd.
  • Incremental liability of ₹1.40 crores as past service cost on post-employment defined benefits due to 'New Labour Codes' (FY26).
  • Severance cost of ₹3.75 crores and loss of ₹2.30 crores on sale/disposal of assets due to closure of manufacturing site of Climate Technologies Pty Limited, Australia (Q1 FY25 and FY26).
  • Impairment of goodwill (₹173.09 crores) and property, plant & equipment and intangible assets (₹35.47 crores) for Climate Holdings Pty Limited during FY26.
  • Reversal of deferred tax liabilities/assets of ₹44.32 crores due to impairment losses.

Divestment Rollback (Note 6):

The Board, in its meeting dated January 28, 2026, decided to roll back the divestment process for subsidiaries Climate Holdings Pty Ltd (Australia) and IMPCO S de R.L. de C.V. (Mexico). Consequently, these subsidiaries are no longer classified as 'Discontinued Operations' and their assets/liabilities have been reclassified to their original line items. This reclassification had no impact on total profit/loss or net assets for comparative periods.

Internal Restructuring (Note 7):

On May 15, 2026, the Board approved an internal restructuring whereby Climate Technologies Pty Limited transferred its entire shareholding in Bonaire USA LLC to Symphony Limited. This was completed during the quarter.

Additionally, certain intellectual properties (patents, trademarks, commercial designs) owned by Climate Technologies Pty Limited were transferred to Symphony Limited. The agreement was executed and payment completed during the quarter.

Entities in Consolidation:

The consolidated results include the following entities:

1. Symphony Limited (Parent)

2. IMPCO S DE RL DE C V., Mexico (Subsidiary)

3. Guangdong Symphony Keruilai Air Coolers Co. Limited, China (Subsidiary)

4. Climate Holdings Pty Ltd (Australia) (Subsidiary)

5. Bonaire USA LLC, USA (Subsidiary w.e.f 15 May 2026)

6. Symphony Climatizadores Ltda, Brazil (Subsidiary)

7. Dongguan GSK Appliances Co. Ltd., China (Step down subsidiary)

8. Climate Technologies Pty. Limited, Australia (Step down subsidiary)