Symphony Limited — Important, 01-08-2025: Updates

Symphony Limited's Board approved the financial results for the quarter, reporting consolidated revenue from operations at ₹251 Cr, a notable decline from ₹393 Cr year-over-year. Net profit fell to ₹42 Cr from ₹88 Cr. The company declared an interim dividend of ₹1.00 per share. Strategically, the Board announced exploring divestment of its Australian and Mexican subsidiaries, classifying them as 'Discontinued Operations'. This move includes closing the Australian manufacturing site, incurring a ₹6.05 Cr exceptional cost, reflecting a shift to an outsourced model. Additionally, ₹4.50 Cr was recovered from a prior receivable.