New Delhi, Feb. 5 -- Symphony share price slumped over 10% on Wednesday's session after the company reported a net loss of Rs.10 crore for the fiscal's third quarter ended December (Q3FY25) as against net profit of Rs.41 crore in Q3FY24. The consumer durables manufacturer reported a net loss primarily attributed to a one-time loss of Rs.46 crore, which significantly impacted their financial performance. In contrast, the same quarter of the previous year did not include any exceptional items.

In its filing, the company mentioned that for the quarter ending December 31, 2024, it has recognised a provision for doubtful debts totaling Rs.45.99 crores, categorised as an exceptional item. This new provision adds to those established in previou...