On standalone basis
Quarter ended March 2026 compared with Quarter ended March 2025.
Net sales (including other operating income) of Swaraj Engines has increased 20.18% to Rs 545.79 crore. Operating profit margin has jumped from 13.64% to 13.74%, leading to 21.10% rise in operating profit to Rs 75.01 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 78.67% to 77.77%. Employee cost decreased from 2.57% to 2.18%. Other expenses rose from 4.90% to 6.14%. Other income fell 20.82% to Rs 3.69 crore. PBIDT rose 18.17% to Rs 78.7 crore. Provision for interest up 12.50% to Rs 0.09 crore. PBDT rose 18.17% to Rs 78.61 crore. Provision for depreciation rose 2.26% to Rs 5.42 crore. Profit before tax grew 19.55% to Rs 73.19 crore. Provision for tax was expense of Rs 18.63 crore, compared to Rs 15.8 crore. Effective tax rate was 25.45% compared to 25.81%. Profit after tax rose 20.12% to Rs 54.56 crore. Promoters’ stake was 52.12% as of 31 March 2026 ,compared to 52.12% as of 31 March 2025 .
Full year results analysis
Net sales (including other operating income) of Swaraj Engines has increased 19.34% to Rs 2,007.13 crore. Operating profit margin has jumped from 13.52% to 13.56%, leading to 19.71% rise in operating profit to Rs 272.12 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 78.78% to 78.27%. Employee cost decreased from 2.88% to 2.63%. Other expenses rose from 4.76% to 5.55%. Other income up 7.86% to Rs 17.7 crore. PBIDT rose 18.92% to Rs 289.82 crore. Provision for interest up 18.18% to Rs 0.39 crore. PBDT rose 18.92% to Rs 289.43 crore. Provision for depreciation rose 10.37% to Rs 22.45 crore. Profit before tax grew 19.70% to Rs 266.98 crore. Provision for tax was expense of Rs 67.27 crore, compared to Rs 57.07 crore. Effective tax rate was 25.52% compared to 25.59%. Profit after tax rose 18.27% to Rs 196.31 crore. Promoters’ stake was 52.12% as of 31 March 2026 ,compared to 52.12% as of 31 March 2025 . Business Highlights
The board recommended an equity dividend of Rs 110 per share for
the financial year ended 31 March, 2026. The record date for the purpose is
Friday, 3 July, 2026.
In Q4 FY26, the company achieved its highest Q4 engine sales of
55,004 units, marking a 20.6% increase from 45,594 units in the same quarter
last year, driven by strong demand.
In FY26, the company achieved engine sales of 2,02,771 units,
marking 19.3% increase from 1,68,820 units in FY25.
| Swaraj Engines : Standalone Results | | Quarter ended | Year ended |
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| Particulars | 202603 | 202503 | Var.(%) | 202603 | 202503 | Var.(%) |
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| Net Sales (including other operating income) | 545.79 | 454.16 | 20.18 | 2,007.13 | 1,681.89 | 19.34 | | OPM (%) | 13.74 | 13.64 | 11 bps | 13.56 | 13.52 | 4 bps | | OP | 75.01 | 61.94 | 21.10 | 272.12 | 227.31 | 19.71 | | Other Inc. | 3.69 | 4.66 | -20.82 | 17.70 | 16.41 | 7.86 | | PBIDT | 78.70 | 66.60 | 18.17 | 289.82 | 243.72 | 18.92 | | Interest | 0.09 | 0.08 | 12.50 | 0.39 | 0.33 | 18.18 | | PBDT | 78.61 | 66.52 | 18.17 | 289.43 | 243.39 | 18.92 | | Depreciation | 5.42 | 5.3 | 2.26 | 22.45 | 20.34 | 10.37 | | PBT | 73.19 | 61.22 | 19.55 | 266.98 | 223.05 | 19.70 | | PBT before EO | 73.19 | 61.22 | 19.55 | 266.98 | 223.05 | 19.70 | | EO Income | 0 | 0 | - | -3.4 | 0 | - | | PBT after EO | 73.19 | 61.22 | 19.55 | 263.58 | 223.05 | 18.17 | | Taxation | 18.63 | 15.8 | 17.91 | 67.27 | 57.07 | 17.87 | | PAT | 54.56 | 45.42 | 20.12 | 196.31 | 165.98 | 18.27 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 54.56 | 45.42 | 20.12 | 196.31 | 165.98 | 18.27 | | EPS (Rs)* | 44.91 | 37.38 | 20.12 | 163.66 | 136.61 | 19.80 | | | * EPS is on current equity of Rs 12.15 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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