Symphony shares fell as much as 1% on Tuesday, touching a day low of Rs 672.15, after the air cooler maker’s Q1 profit slipped 5%.

The dip in profit is what triggered the fall. Net profit for the quarter came in at Rs 40 crore, down 5% from Rs 42 crore in the same period last year.

Revenue told a different story though, climbing 8% year on year to Rs 378 crore from Rs 350 crore. Operationally, things actually improved.

EBITDA jumped 28% to Rs 46 crore, and margins expanded to 12.2% from 10.3% a year earlier, pointing to better cost control even as the bottom line slipped slightly.

Alongside the results, the board declared the company’s first interim dividend for this financial year, Rs 1 per share on a face value of Rs 2. Shareholders can expect the payout by August 31.

This quarter marks a turnaround of sorts for Symphony. The previous quarter had been a rough one, with the company posting a large consolidated loss after taking a hefty impairment charge tied to its Australian arm, Climate Technologies.

Since then, the company has restructured that international business and also completed the acquisition of Bonaire USA from its Australian unit, moves aimed at reducing the drag from overseas operations going forward.

Symphony makes air coolers and other cooling appliances, and its stock has had a tough year overall, down more than 26% so far in 2026 even after today’s numbers.

At 14:40 pm, Symphony shares were trading at Rs 675 on the NSE, down 1.14% for the day.

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