Shipping company Swan Defence and Heavy Industries announced Q1FY27 results Consolidated Financial Highlights: Revenue from Operations for Q1FY27 stood at Rs 3,061.14 lakh, representing a significant YoY increase of 7,205.82% from Rs 41.90 lakh in Q1FY26, while recording a QoQ decrease of 87.04% compared to Rs 23,627.79 lakh in Q4FY26. Other Income for the quarter was Rs 1,100.04 lakh, reflecting a YoY decline of 38.70% from Rs 1,794.60 lakh in Q1FY26 and a QoQ decrease of 91.54% from Rs 13,006.66 lakh in Q4FY26. Total Income for Q1FY27 reached Rs 4,161.18 lakh, up 126.58% YoY from Rs 1,836.50 lakh in Q1FY26, but down 88.64% QoQ from Rs 36,634.45 lakh in Q4FY26. Loss Before Tax for the quarter was Rs 4,168.22 lakh, compared to a loss of Rs 3,078.58 lakh in Q1FY26 and a loss of Rs 14,214.97 lakh in Q4FY26. Total Comprehensive Loss for the period (attributable to owners) was Rs 4,254.33 lakh in Q1FY27, against a loss of Rs 3,078.58 lakh in Q1FY26 and a loss of Rs 14,221.94 lakh in Q4FY26. Earnings Per Share (EPS) for Q1FY27 was reported at a negative Rs 7.91, compared to a negative Rs 5.84 in Q1FY26 and a negative Rs 26.98 in Q4FY26. Standalone Financial Highlights: Total Income for Q1FY27 was Rs 4,161.18 lakh, an increase of 126.58% YoY from Rs 1,836.50 lakh in Q1FY26 and a decrease of 88.64% QoQ from Rs 36,634.45 lakh in Q4FY26. Loss Before Tax stood at Rs 4,160.00 lakh for the quarter, compared to a loss of Rs 3,117.03 lakh in Q1FY26 and a loss of Rs 14,262.78 lakh in Q4FY26. Net Loss (Total Comprehensive Income) for Q1FY27 was Rs 4,246.11 lakh, representing a YoY loss increase of 36.22% from Rs 3,117.03 lakh in Q1FY26, and a QoQ loss narrowing of 70.23% from Rs 14,262.78 lakh in Q4FY26. Basic and Diluted EPS (not annualised) for the quarter was a negative Rs 7.90, compared to a negative Rs 5.92 in Q1FY26 and a negative Rs 27.07 in Q4FY26. Business Highlights: Merger Update: The NCLT Ahmedabad has approved the Scheme of Arrangement and Amalgamation between Triumph Offshore Private Limited (TOPL) and the company. The certified copy of the order is awaited, and the financial impact of this merger will be carried out in the quarter ending September 30, 2026. Consolidation Details: The consolidated results include the performance of an associate company, M/s. Conceptia Software Technologies Private Limited. Subsidiary Information: Financial information for three subsidiaries for Q1FY27 was unavailable and therefore not included in the consolidated results. However, management believes this information is not material to the group Result PDF
Shipping company Swan Defence and Heavy Industries announced Q4FY26 & FY26 results Q4FY26 Financial Highlights: Total Income for Q4FY26 stood at Rs 366.34 crore, an increase of 3,239.5% QoQ (compared to Rs 10.97 crore in Q3FY26) and an increase of 2,935.1% YoY (compared to Rs 12.07 crore in Q4FY25). The Company reported a loss of Rs 142.63 crore in Q4FY26, compared to a loss of Rs 33.39 crore in Q3FY26 and a loss of Rs 22.88 crore in Q4FY25. FY26 Financial Highlights: Total Income for FY26 stood at Rs 439.98 crore, an increase of 2,408.4% YoY from Rs 17.54 crore in FY25. The Company reported a loss of Rs 227.51 crore for FY26, compared to a loss of Rs 181.49 crore in FY25. Vivek Merchant, Director, Swan Defence & Heavy Industries, (SDHI) said: “FY26 has been a watershed year for SDHI. Within a record 12 months, we have successfully transformed a defunct shipyard into a world-class asset, effectively unlocking a quarter of India’s total shipbuilding capacity. Over the past year, we aggressively upgraded our infrastructure, sharpened our operational capabilities, and scaled our execution teams. At the same time, we diversified our revenue streams across newbuilds, repairs & refits, and heavy engineering. This operational turnaround is strongly backed by structural tailwinds. Progressive government initiatives, including the revised Shipbuilding Financial Assistance Scheme (SBFAS), have significantly sharpened the cost competitiveness of Indian yards. This macro support, paired with our mega infrastructure, powered SDHI to secure several landmark commercial and defence orders this year - a clear stamp of global stakeholder confidence in our execution. Looking ahead, we see growing momentum in the global maritime sector, supported by decarbonization and the diversification of supply chains beyond traditional shipbuilding hubs. SDHI is well-positioned to participate in these opportunities through its existing scale and infrastructure. Our focus remains on disciplined execution and building long-term capabilities to contribute to India’s growing role in global maritime manufacturing.” Result PDF
Shipping company Swan Defence and Heavy Industries announced Q3FY26 results Revenue: Rs 587.18 lakh against Rs 116.22 lakh during Q3FY25, change 405%. PAT: Rs -3,310.8 lakh against Rs -5,335.43 lakh during Q3FY25, change 38%. EPS: Rs -6.28 for Q3FY26. Rear Admiral V.K. Saxena (retd), CEO, Swan Defence and Heavy Industries, said: “This contract stands as a testament to our advanced technical expertise and world-class shipbuilding capabilities that meet global benchmarks. Earning the confidence of the Royal Navy of Oman reinforces SDHI’s commitment to excellence and drives us to consistently deliver high-quality vessels distinguished by innovation, reliability and performance.” Result PDF