Swaraj Engines Ltd Share Price – NSE  / BSE

Capital Goods-Non Electrical Equipment, Small Cap

The Board of Swaraj Engines at its meeting held on 27 August 2024 has approved the appointment of Devjit Sarkar (DIN: 10745850) as Additional Director designated as Whole Time Director and Chief Executive Officer of the Company with effect from 1 September 2024.

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Revenue from operations stood at Rs 417.99 crore in Q1 FY25, registering the growth of 4.54% as against Rs 399.83 crore posted in corresponding quarter last year.

Profit before tax rose 5.41% to Rs 58.03 crore in Q1 FY25 as against Rs 55.05 crore recoded in Q1 FY24.

Operating profit (EBITDA) was at Rs 58.24 crore in Q1 FY25, witnessing a growth of 5.6% against last year's Rs 55.16 crore and also accompanied with margin improvement over same period last year.

In Q1 FY25, the engine sales stood at 41,849 units, registering a growth of 8.9% as against 38,437 units sold during the corresponding quarter of last year.

The company's capacity augmentation program from 1,50,000 units to 1,95,000 units per annum has also been completed and the aforesaid enhanced engine production capacity has now become fully operational to meet the future engine demand.

Swaraj Engines primarily engaged in the business of supplying engines to the Swaraj Division of Mahindra & Mahindra (M&M).

The scrip hit an all-time high at Rs 3,200 in intraday today.

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Net profit of Swaraj Engines rose 5.55% to Rs 43.19 crore in the quarter ended June 2024 as against Rs 40.92 crore during the previous quarter ended June 2023. Sales rose 4.54% to Rs 417.99 crore in the quarter ended June 2024 as against Rs 399.83 crore during the previous quarter ended June 2023.

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Swaraj Engines will hold a meeting of the Board of Directors of the Company on 18 July 2024.

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