Shares of Symphony Limited saw an 8% decline, the largest since February 2025, following a consolidated net loss in the fourth quarter of FY26 due to significant impairment charges related to its Australian operations. The stock was trading 7.47% lower at Rs 725.5 during noon trade, marking an overall decline of 11% in the last month and 21% in 2026. It has fallen nearly 45% from its recent 52-week high of Rs 1,309.
Symphony reported a consolidated net loss of Rs 218 crore for the March quarter, a stark contrast to the Rs 79 crore net profit in the same period last year. The decline in profitability was primarily due to exceptional impairment charges associated with its Australian subsidiary operations. Revenue from operations also fell by 30.7% year-on-year to Rs 338 crore during the quarter.
The company’s operating performance faced significant pressure, with EBITDA dropping by 53.3% to Rs 50 crore from Rs 107 crore a year ago. The EBITDA margin narrowed to 14.8% from 21.9% during the same period. Symphony acknowledged exceptional impairment charges during the quarter and the financial year ending March 31, 2026.
Symphony recorded an impairment of goodwill attributable to Climate Holdings Pty Limited, formerly known as Symphony AU Pty Ltd, amounting to Rs 173.09 crore. This impairment was a result of deteriorating business performance, profitability, and the failure to achieve expected business synergies despite management efforts, as stated in the company’s filing. The company’s performance in the quarter was affected by various challenges, including weather-related issues, geopolitical uncertainties, and operational problems across its international subsidiaries. However, the management noted that the subsidiary businesses performed relatively better than the standalone operations.
