Stock Report

Swaraj Engines Ltd Q1FY22 PAT up at Rs. 33.65 crore



Posted On : 2021-07-19 13:43:20( TIMEZONE : IST )

Swaraj Engines Ltd Q1FY22 PAT up at Rs. 33.65 crore

SWARAJ ENGINES LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.317.32 crores during the period ended June 30, 2021 as compared to Rs.307.15 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.33.65 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.32.56 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.27.70 for the period ended June 30, 2021 as compared to Rs.26.82 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 317.32 crs₹ 307.15 crsUp Tick 3.31%
Net Profit₹ 33.65 crs₹ 32.56 crsUp Tick 3.35%
EPS₹ 27.70₹ 26.82Up Tick 3.28%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.317.32 crores during the period ended June 30, 2021 as compared to Rs.119.05 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.33.65 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.7.84 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.27.70 for the period ended June 30, 2021 as compared to Rs.6.45 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 317.32 crs₹ 119.05 crsUp Tick 166.54%
Net Profit₹ 33.65 crs₹ 7.84 crsUp Tick 329.21%
EPS₹ 27.70₹ 6.45Up Tick 329.46%

Continuing its growth journey, Swaraj Engines reported its ever best Q1 performance in terms of achieving highest ever first quarter engine sale of 33,747 units and Profit After Tax of Rs. 33.65 crores. The said volumes are higher by 145% as compared to sale of 13,756 units during the corresponding quarter of fiscal 2021. Although, the same is not fully comparable with last year's Q1 engine sales which were impacted due to lockdowns.

With increase in the engine sales volume, the Net Operating Revenue for quarter stood at Rs. 314.71 crores as compared to Rs. 116.99 crores for the corresponding quarter of last year. The increase in the commodity prices has impacted the contribution margin, however, with total operating expenses restricted at 7.5% of the net operating revenue, the Company posted a healthier operating margin of 15.0%. Profit before tax & after tax for the quarter stood at Rs. 45.15 crores (last year Rs. 10.71 crores) and Rs. 33.65 crores (last year Rs. 7.84 crores) respectively. This quarterly profit is also the highest ever for any quarter.

Also, even on Q-o-Q basis, the above performance is better when compared with Q4FY21 where the Company posted a PAT of Rs. 32.56 crores on a sale of 33,831 units of engines.

Shares of SWARAJ ENGINES LTD. was last trading in BSE at Rs.1769 as compared to the previous close of Rs. 1769.4. The total number of shares traded during the day was 323 in over 147 trades.

The stock hit an intraday high of Rs. 1783.2 and intraday low of 1751.5. The net turnover during the day was Rs. 573038.

Source : Equity Bulls

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