The Board of Directors of Swaraj Engines Limited (SEL) has announced the financial results for the second quarter and half year ended 30th September, 2019.
Q2 (July - September 2019)
In the backdrop of de-growth witnessed in the tractor industry during this fiscal, the Company's engine sales also got impacted and stood at 26,271 units (last year - 28,560 units). As a result, net operating revenue for the second quarter was Rs. 222.7 crores compared to Rs. 247.0 crores for the same period last year. The operating profit for the quarter stood at Rs. 30.0 crores as against last year's Rs. 40.1 crores. While the Profit Before Tax for the period was Rs. 28.1 crore (last year - Rs. 39.2 crores), Profit After Tax for the quarter at Rs. 25.4 crores remained at last year's level due to recently announced reduction in corporate tax rates effective from the current financial year.
H1 (April - September 2019)
Engine sales for the first half of the current financial year ended 30th September, 2019 was 49,304 units (last year - 55,302 units). The net operating revenue for the said period stood at Rs. 428.1 crores (last year Rs. 481.5 crores). The Company posted a Profit Before Tax of Rs. 54.3 crores (last year Rs. 74.8 crores) and Profit After Tax of Rs. 42.3 crores (last year Rs. 48.4 crores).
Shares of SWARAJ ENGINES LTD. was last trading in BSE at Rs.1135 as compared to the previous close of Rs. 1127. The total number of shares traded during the day was 430 in over 46 trades.
The stock hit an intraday high of Rs. 1137 and intraday low of 1096.3. The net turnover during the day was Rs. 484493.