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Symphony reported a net loss of ₹10 crore for the third quarter of fiscal year 2025, a sharp decline from a profit of ₹41 crore in the same period last year. The company's revenue fell by 2% to ₹242 crore, down from ₹247 crore year-over-year. Additionally, Symphony experienced a one-time loss of ₹46 crore, compared to no such loss in the previous year. Profit before exceptional items and tax decreased by 44% to ₹28 crore from ₹50 crore. Following the announcement of these results, Symphony's shares dropped 10.65% to a day's low of ₹1,276.3 on the NSE during intra-day trading.
Asian Paints shares tumbled over 3 percent after missing profit expectations for the September quarter. Meanwhile, shares of consumer durables manufacturer Symphony plunged nearly 10 percent after posting a net loss of Rs 10 crore, compared to a net profit of Rs 41 crore in the…
#Q3WithETNOW | What led to Symphony's weak Q3 performance? Nrupesh Shah reveals the factors behind the decline across all metrics. Watch the full interview here: https://t.co/4Gf0TaIH9c @symphonylimited @AyeshaFaridi1 @SrishtiSharma_ #EarningsWithETNOW https://t.co/WPvuROTDgi
#MarketsWithBS | Symphony's shares fell 10.65% to the day's low of Rs 1,276.3 on #NSE during intra-day deals on Wednesday, after the company announced its #Q3FY25 results. #sharemarketindia #symphony https://t.co/4GZBJfmvLW