Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Swaraj Engines Posts its Ever Best Q3 Performance

Posted On: 2021-01-22 05:01:55 (Time Zone: Arizona, USA)

The Board of Directors of Swaraj Engines Limited (SEL) met today to consider and approve the financial results for the third quarter and nine month period ended 31st December, 2020.

Q3 FY21 (Oct. - Dec. 2020)

The tractor industry remained on the strong growth trajectory in the third quarter as well. Consequently, riding on the increased engine demand from the Company's key customer, Swaraj Engines Limited posted its ever best third quarter performance in terms of engine sales and profits. While the engine sales of 31,193 units for Q3 FY21 registered a growth of 57.6% over 19,797 units sold during corresponding quarter last year, Profit Before Tax (PBT) at Rs. 33.63 crores was higher by 94.1 % over same period last year.

Driven by the above growth in engines sale, the net operating revenue for third quarter stood at Rs. 272.39 crores as against Rs. 170.07 crores for the corresponding quarter of last fiscal - up 60.2%. The Company, with its persistent focus on operating costs, posted an operating profit of Rs. 36.60 crores as against Rs. 19.69 crores for Q3 of last year - a growth of 85.9% accompanied with margin improvement of 180 basis points. While the PBT for the third quarter stood at Rs. 33.63 crores (last year Rs. 17.33 crores), the PAT was Rs. 25.02 crores (last year Rs. 12.89 crores). Further, the PBT margin at 12.2% of total revenue also shown improvement by 220 basis points over same period last year.

Nine month period FY21 (Apr. - Dec. 2020)

Despite the significant drop in engine sales volume during Q1 of current fiscal in view of nationwide lockdown due to Covid 19, the Company on the strength of good performance posted during subsequent quarters, surpassed its cumulative engine sales for nine month period ended 31st December, 2020 and posted 15% growth over same period last year. On the total engine sales of 79,438 units (last year 69,101 units), the net operating revenue for the nine month period stood at Rs. 681.66 crores (last year Rs. 598.17 crores) and the Company posted a PBT of Rs. 80.78 crores (last year Rs. 71.64 crores) and PAT of Rs. 59.98 crores (last year Rs. 55.20 crores).

Shares of SWARAJ ENGINES LTD. was last trading in BSE at Rs.1320 as compared to the previous close of Rs. 1349.5. The total number of shares traded during the day was 1752 in over 521 trades.

The stock hit an intraday high of Rs. 1373.85 and intraday low of 1315. The net turnover during the day was Rs. 2333711.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Hero MotoCorp Limited announces exclusive offer for women riders

Mayukh Dealtrade Ltd board to consider Stock Split of Equity Shares

CARE downgrades ratings of Srei Infrastructure Finance Limited to default category

Shish Industries Limited forms subsidiary

Dhani Services Limited board approves sponsored Level III ADR

Prakash Steelage Ltd board approves sale of shares of Tubacex Prakash India Pvt Ltd

Sayaji Hotels Management Ltd enters into management agreement for 7 properties

GRSE Lays Keel of 3rd Ship of Prestigious Project 17A Advanced Stealth Frigate

NMDC revises prices of iron ore w.e.f. 06-03-2021

Aarti Speciality Chemicals Limited receives an approval accorded under PLI Scheme for Pharmaceutical Sector

Mawana Sugars Limited approves investment of Rs. 10 crores in Siel Industrial Estate Ltd

TVS Motor Company to provide free COVID-19 vaccination to all employees and their immediate family members

Satyam Silk Mills Ltd board to consider rights issue on March 10, 2021

GRM Overseas Ltd board to consider interim dividend on March 10, 2021

Rushil Decor Limited starts commercial production of MDF board at new Vizag plant

IIFL Securities Ltd board to consider interim dividend on March 10, 2021

DCW Limited allots debentures to Kotak Special Situations Fund

M G George Muthoot, Chairman of Muthoot Finance Limited passes away

Acuite Ratings & Research Limited update on rating of Edelweiss Financial Services Limited

Kotak Mahindra Bank Appoints Dr Ashok Gulati as an Additional Independent Director on its Board

Xanadu Realty ties up with Poddar Housing Development Limited in a mega portfolio deal

Edelweiss Financial Services Limited updates on credit rating of proposed NCD issue

IndiGrid signs the largest power transmission deal with Sterlite Power AUM to leapfrog to over INR 200 Bn

Indian Bank to divest stake in JV, ASREC India Ltd

Dai-ichi Karkaria Limited updates on Kasarwadi Land Deal

AKI India Ltd approves construction of effluent treatment plant

Kotak Silk Launches Eduseries for Financial Independence of Women

Ind-Ra has assigned ratings to JSW Hydro Energy Ltd

Shriram EPC Limited board to consider issue of preference shares to lenders

Suncare Traders Limited to demerge investment division to Madhav Infra Projects Ltd

Astral Poly Technik Limited fixes March 19, 2021 as record date for bonus issue

Mazagon Dock Shipbuilders Limited gifts refrigerated truck

Sandhar Technologies Ltd announces incorporation of step down subsidiary

NMDC LTD. board to consider interim dividend on Mar 11, 2021

CRISIL revises outlook of Canara Bank's long-term debt instruments

Hero MotoCorp launches 4-day special service and exchange carnival

ICICI Lombard General Insurance Company Limited board approves interim dividend of Rs. 4

Sun Pharma arm to acquire stake in WRS Bioproducts Pty Ltd, Australia

Kirloskar Oil Engines Ltd declares interim dividend of Rs. 1.50 for FY21

Glenmark signs on Rohit Sharma as brand ambassador of Candid Powder

Waa Solar Ltd Board aprovies 1:1 Bonus Issue

Coal India Ltd board approves 2nd interim dividend of Rs. 5

WeP Solutions Limited fixes March 12, 2021 as record date for rights issue

HGS Digital Partners with Automation Anywhere to Deliver End-to-End Process Automation Solutions in the Customer Experience Industry

PNB Housing Finance and YES BANK enter into strategic co-lending partnership

PVR Cinemas unveil Mysuru's Biggest 6-Screen multiplex in Forum Centre City Mall

Shilpa Medicare Ltd receives US FDA tentative approval for Apremilast Tablets, 10 Mg, 20 Mg, And 30 Mg

RITES Ltd Board to consider Second Interim Dividend on Mar 12, 2021

Mexico's GigNet selects Tejas Networks for its Metro Optical network in Cancun

Dilip Buildcon Ltd receives LOA from NHAI for 2 projects under Bangalore Chennai Expressway

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020