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, 2019.
Q3 (Oct. - Dec. 2019)
In the backdrop of continued de-growth witnessed in the tractor industry in Q3 of FY20 as well, the Company's engine sales for the third quarter ended 31st December, 2020 stood at 19,797 units as compared to 22,569 units during same period last year.
Reflecting the above, the Company's net operating revenue for the third quarter was Rs. 170.07 crores (last year Rs. 198.72 crores). Profit Before Tax (PBT) for this quarter stood at Rs. 17.33 crores (last year Rs. 26.80 crores) and Profit After Tax was Rs. 12.89 crores (last year Rs. 17.34 crores).
Nine month period (Apr. - Dec. 2019)
The engine sales volume for the nine month period ended 31 st December, 2019 was 69,101 units as against 77,871 units sold during the corresponding period of last year.
On cumulative operating revenue of Rs. 598.17 crores (last year Rs. 680.27 crores), Profit Before Tax for the nine month period stood at Rs. 71.64 crores (last year Rs. 101.64 crores) and Profit After Tax at Rs. 55.20 crores (last year Rs. 65.77 crores).
Shares of SWARAJ ENGINES LTD. was last trading in BSE at Rs.1301 as compared to the previous close of Rs. 1341.35. The total number of shares traded during the day was 210 in over 107 trades.
The stock hit an intraday high of Rs. 1330 and intraday low of 1300. The net turnover during the day was Rs. 276092.