The Board of Directors of Swaraj Engines Limited (SEL) today announced the audited financial results for the quarter and year ended 31st March, 2021.
FY21 Q4 (Jan. - Mar. 21)
On the strength of impressive growth witnessed in the tractor industry and resultant higher engine demand emerged during Q4 of fiscal 2021, Swaraj Engines Limited (SEL) posted yet another strong quarterly financial performance by achieving its highest ever quarterly profit.
While Company achieved its ever best Q4 engine sales of 33,831 units by registering a growth of 62.4% over same period last year's sale of 20,827 units, Company's Profit After Tax at Rs. 32.56 crores grew by 105.6% over corresponding quarter of last year - the highest ever profit for any quarter.
On the net operating revenue of Rs. 304.91 crores (last year Rs. 175.13 crores), operating profit for FY21Q4 stood at Rs. 46.18 crores against last year's profit of Rs. 23.38 crores - up 97.5%. With better spread of fixed costs over higher engine sales, the operating margin has also improved over last year. Profit Before Tax for the quarter stood at Rs. 43.70 crores (last year Rs. 21.43 crores) and Profit After Tax (before net comprehensive income) reached Rs. 32.56 crores (last year Rs. 15.84 crores). With other comprehensive income (net of tax) of Rs. 0.05 crore (last year Rs. (0.43) crore), the total comprehensive income for the quarter stood at Rs. 32.61 crores (last year Rs. 15.41 crores)
FY 2020-21 (Apr. - Mar. 2021)
During fiscal 2021, Company posted its highest ever annual engines sales of 1, 13,269 units against 89,928 units sold in FY20 - up 26%. Net Operating Revenue, grew by 27.6% and stood at Rs.986.57 crores as against Rs. 773.30 crores for the last year.
The focus on all operating costs helped to improve the yearly operating margin as percentage to net operating revenue to 13.8% (last year 13.0%). While Profit Before Tax for the year reached Rs. 124.48 crores (last year Rs. 93.07 crores) - up 33.7%, Profit After Tax (before net comprehensive Income) grew by 30.3% and stood at Rs. 92.54 crores (last year Rs. 71.04 crores) - the highest ever profit for any financial year. The total comprehensive income for the year was Rs. 92.59 crores (last year Rs. 70.61 crores)
Shares of SWARAJ ENGINES LTD. was last trading in BSE at Rs.1371.05 as compared to the previous close of Rs. 1364.55. The total number of shares traded during the day was 1251 in over 286 trades.
The stock hit an intraday high of Rs. 1394 and intraday low of 1338.45. The net turnover during the day was Rs. 1715049.