Key Quantitative Figures

Consolidated Financial Results (Q2 FY27 vs Q2 FY26):

  • Revenue from operations: ₹275 crores (vs ₹210 crores)
  • Total Income: ₹278 crores (vs ₹227 crores)
  • Profit before exceptional items and tax: ₹32 crores (vs ₹21 crores)
  • Exceptional items: ₹(6) crores (vs ₹0)
  • Profit before tax: ₹38 crores (vs ₹21 crores)
  • Net tax expense: ₹14 crores (vs ₹4 crores)
  • Net Profit: ₹24 crores (vs ₹17 crores)
  • EPS: ₹3.56 (vs ₹2.51)

Consolidated Financial Results (H1 FY27 vs H1 FY26):

  • Revenue from operations: ₹653 crores (vs ₹560 crores)
  • Total Income: ₹669 crores (vs ₹599 crores)
  • Profit before exceptional items and tax: ₹82 crores (vs ₹73 crores)
  • Exceptional items: ₹(6) crores (vs ₹1 crore)
  • Profit before tax: ₹88 crores (vs ₹72 crores)
  • Net tax expense: ₹24 crores (vs ₹13 crores)
  • Net Profit: ₹64 crores (vs ₹59 crores)
  • EPS: ₹9.33 (vs ₹8.59)

Standalone Financial Results (Q2 FY27 vs Q2 FY26):

  • Revenue from operations: ₹170 crores (vs ₹155 crores)
  • Total Income: ₹175 crores (vs ₹168 crores)
  • Profit before exceptional items and tax: ₹33 crores (vs ₹38 crores)
  • Exceptional items: ₹(6) crores (vs ₹0)
  • Profit before tax: ₹39 crores (vs ₹38 crores)
  • Net tax expense: ₹10 crores (vs ₹10 crores)
  • Net Profit: ₹29 crores (vs ₹28 crores)
  • EPS: ₹4.14 (vs ₹4.07)

Standalone Financial Results (H1 FY27 vs H1 FY26):

  • Revenue from operations: ₹411 crores (vs ₹384 crores)
  • Total Income: ₹427 crores (vs ₹419 crores)
  • Profit before exceptional items and tax: ₹70 crores (vs ₹82 crores)
  • Exceptional items: ₹(6) crores (vs ₹(5) crores)
  • Profit before tax: ₹76 crores (vs ₹87 crores)
  • Net tax expense: ₹19 crores (vs ₹22 crores)
  • Net Profit: ₹57 crores (vs ₹65 crores)
  • EPS: ₹8.23 (vs ₹9.52)

Dividend Declaration

The Board declared a 2nd interim dividend of ₹2 (100%) per equity share of face value ₹2 each for FY 2026-27, amounting to ₹13.73 crores. The record date for payment is November 4, 2026.

Subsidiary Information

The consolidated results include 8 entities: Symphony Limited (Parent), IMPCO S DE RL DE C V. (Mexico), Guangdong Symphony Keruilai Air Coolers Co. Limited (China), Climate Holdings Pty. Ltd. (Australia), Bonaire USA LLC (USA), Symphony Climatizadores Ltda (Brazil), Dongguan GSK Appliances Co. Ltd. (China), and Climate Technologies Pty. Limited (Australia).

Six subsidiaries with total assets of ₹353.08 crores were reviewed by other auditors. One subsidiary with assets of ₹50.95 crores was not reviewed as it was deemed immaterial to the Group.

Exceptional Items

  • Recovered ₹5.75 crores during H1 FY27 (₹4.50 crores in H1 FY26, ₹8.50 crores in FY26) against write-off of ₹50.22 crores from Pathways Retail Pvt Ltd, Delhi
  • Provided incremental liability of ₹1.40 crores as past service cost on post-employment benefits due to 'New Labour Codes' in FY26
  • Incurred severance cost of ₹3.75 crores and loss of ₹2.30 crores on asset disposal due to closure of manufacturing site in Australia during H1 FY25 and FY26
  • Impaired goodwill of ₹173.09 crores and property, plant & equipment of ₹35.47 crores for Climate Holdings Pty Limited in FY26
  • Reversed deferred tax liabilities/assets of ₹44.32 crores due to impairment losses

Divestment Update

The Board had decided to explore divestment of Climate Holdings Pty Limited (Australia) and IMPCO S de R.L. de C.V. (Mexico) on April 12, 2025. These were classified as discontinued operations. However, on January 28, 2026, the Board rolled back the divestment process as no formal proposals were received. These subsidiaries are no longer classified as discontinued operations.

Asset Acquisition

During Q2 and H1 FY27, the company acquired office premises worth ₹5.57 crores from promoters of Pathways Retail Pvt Ltd, Delhi, adjusted against recoverable amount and classified as investment property.

Internal Restructuring

On May 15, 2026, the Board approved internal restructuring where Climate Technologies Pty Limited transferred its entire shareholding in Bonaire USA LLC to Symphony Limited. The transfer was completed in Q1 FY27. This was a common control transaction with no change in ultimate ownership.

Segment Results

Consolidated Segment Performance (H1 FY27):

  • Air Cooling and Other Appliances: Revenue ₹656 crores, PBIT ₹80 crores
  • Corporate Funds: Revenue ₹13 crores, PBIT ₹12 crores

Geographical Revenue (H1 FY27):

  • India: ₹392 crores
  • Rest of the world: ₹261 crores

Financial Position (Consolidated as of September 30, 2026)

  • Total Assets: ₹996 crores
  • Total Equity: ₹566 crores
  • Current Liabilities: ₹400 crores
  • Non-current Liabilities: ₹30 crores

Cash Flows (Consolidated H1 FY27)

  • Net cash from operating activities: ₹326 crores
  • Net cash used in investing activities: ₹(176) crores
  • Net cash used in financing activities: ₹(173) crores
  • Net decrease in cash: ₹(23) crores

Meeting Details

The Board meeting commenced at 11:35 hours IST and concluded at 13:00 hours IST on October 29, 2026.