Symphony Q2 results for the September 2026 quarter were the kind air-cooler investors had been waiting for: consolidated revenue up 31% to ₹275 crore from ₹210 crore, operating profit more than doubled, and a second interim dividend on top. The catch is where the growth came from. Most of it was earned outside India.
The stock jumped as much as 9.3% to an intraday high of ₹549.9 on Thursday, October 29, according to CNBC-TV18. It couldn’t hold that. Symphony closed at ₹511.60 on the NSE, up just 1.70% on the day, and is still down more than 44% for the year so far, as BusinessLine reported.
In this article
Symphony Q2 results: the headline numbers
- Revenue from operations: ₹275 crore, up 31% year-on-year from ₹210 crore.
- EBITDA: ₹36 crore, more than double the year-ago figure. CNBC-TV18 puts the EBITDA margin at 13.1% against 7.1% a year earlier.
- Net profit: ₹24 crore. CNBC-TV18 reports a 41.2% rise from ₹17 crore, while BusinessLine puts the consolidated PAT growth at 44%.
- First half of FY27: consolidated revenue of ₹653 crore, up 17%, and EBITDA of ₹83 crore, up 63%, per BusinessLine.
A September quarter is normally the quiet stretch for a cooler company, since Indian demand peaks in summer. That makes a 31% revenue jump in this quarter worth a closer look.
Overseas did the heavy lifting
The standout was IMPCO Mexico, where revenue rose 131%. CTPL Australia grew 54%, while GSK China fell 29%, and the US arm Bonaire was described as being in a non-seasonal quarter. Symphony’s Beyond India Summer Products segment now brings in ₹625 crore on a trailing twelve-month basis, which is 51% of consolidated revenue. So more than half the business no longer depends on an Indian heatwave.
India itself was steady rather than exciting. Standalone revenue grew 9% to ₹170 crore and standalone EBITDA rose 11% to ₹30 crore, with the margin roughly flat at 17.5%. Standalone profit barely moved, up 1% to ₹29 crore, because of a ₹4 crore forex variance and ₹3 crore lower treasury income. The standalone treasury stood at ₹468 crore as of September 30, 2026.
Dividend and record date
The board declared a second interim dividend for FY27 of ₹2 per equity share of face value ₹2, with November 4, 2026 as the record date. Symphony had paid a first interim dividend of ₹1 in August 2026. For a step-by-step way to read a results release like this one, see our guide on how to analyse quarterly results of a company.
What comes next: ACs, fans and purifiers
The bigger story may be the product push. Symphony plans to launch three new categories in the December 2026 quarter: residential air conditioners (eight inverter variants across standard and heavy-duty series), BLDC ceiling fans (seven models) and air purifiers under the Silenzair brand (two models). The company pegs the combined addressable market for these at over ₹60,000 crore.
That takes Symphony into categories crowded with established brands. For a read on one of them, see our report on Blue Star’s Q2 results. For Symphony, the question is whether its dealer network, which until now mostly sold coolers in a short summer window, can move ACs and fans all year without hurting margins.
The market’s verdict on Thursday was cautious. A 9% intraday pop that faded to under 2% by the close tells us investors liked the quarter but want proof that the India business and the new categories can carry growth once the overseas boost cools. The company’s own filings are on its investor results page.
Disclaimer: This article is for information and education only and is not investment advice. Please do your own research or consult a SEBI-registered adviser before making any investment decision.
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