Auto Parts & Equipments company Swaraj Engines announced Q2FY24 & H1FY24 results: Q2FY24: Driven by the continued engine demand, the company maintained its growth momentum and posted sales of 37,876 engines for Q2FY24 as compared to Q2FY23's 36,792 engines. Net operating revenue for Q2FY24 reached Rs 388.90 crore compared to Rs 384.75 crore for Q2FY23. The operating profit for Q2FY24 at Rs 52.14 crore compared to last year's Rs 50.51 crore also increased almost in tandem with the volume increase, accompanied by a margin improvement of 30 basis points. PBT stood at Rs 50.60 crore (last year Rs 48.31 crore) PAT at Rs 37.67 crore registered a growth of 5.0% over last year's PAT of Rs 35.88 crore. H1FY24: In the backdrop of overall consistent engine sales demand during the first two quarters of the current fiscal, the H1FY24 also recorded the highest-ever half-yearly engine sales of 76,313 units as compared to last year's sales of 75,220 units. On the net operating revenue of Rs 788.73 crore (last year Rs 783.10 crore) for the said period Company posted a Profit Before Tax of Rs 105.65 crore (last year Rs 101.43 crore) Profit After Tax of Rs 78.59 crore (last year Rs 75.42 crore) Result PDF
Auto Parts & Equipments company Swaraj Engines announced Q1FY24 results: The Company recorded Q1FY24 engine sales of 38,437 units compared to 38,428 units in Q1FY23 Net operating revenue for Q1FY24 was Rs 399.83 crore compared to Rs 398.35 crore in Q1FY23. Though the sales volume during Q1FY24 remained at last year's level, the Company, with its continued focus on cost front and better realization of return on investments, registered a growth of 3.6% in profit over Q1FY23. PBT stood at Rs 55.05 crore compared to Rs 53.12 crore in Q1FY23 PAT was Rs 40.92 crore compared to Rs 39.54 crore in Q1FY23 - Both highest ever PBT & PAT for any quarter Result PDF
Auto Parts & Equipment company Swaraj Engines announced Q4FY23 & FY23 results: Q4FY23: Registering a growth of 45.6%, the company's Q4FY23 engine sales reached 34,841 units as compared to 23,937 units sold during Q4FY22 Net operating revenue for Q4FY23 stood at Rs 359.79 crore as against Rs 242.35 crore - up 48.5% Operating Profit (EBITDA) at Rs 47.98 crore (last year Rs 31.10 crore) grew by 54.3% Profit Before Tax for Q4FY23 grew by 61.3% to reach Rs 47.08 crore (last year Rs 29.18 crore) Profit After Tax stood at Rs 34.96 crore (last year Rs 21.86 crore) - up 59.9% FY23: The engine sales volume at 1,37,005 was higher by 17.3% over last year's sales of 1,16,811 units Net Operating Revenue for FY23 stood at Rs 1,421.82 crore as against Rs 1,138.15 crore for FY22 Profit Before Tax for FY23 reached Rs 179.74 crore (last year Rs 146.86 crore) - up 22.4% Profit After Tax at Rs 133.61 crore (last year Rs 109.47 crore) grew by 22.1% - the highest ever for any financial year The Board, while approving the annual accounts, has recommended an equity dividend of 920% (Rs 92 per share) for FY23 Result PDF
Auto parts & equipment firm Swaraj Engines announced Q3FY23 results: Q3FY23: Registering a growth of 13%, the engine sales for the Q3FY23 stood at 26,944 units as against 23,836 units sold during the corresponding quarter of last year. The increase in engine sales volume, the net operating revenue for the third quarter moved to Rs 278.93 crore as compared to Rs 237.50 crore for Q3FY22. Enhanced level of operations coupled with operational efficiencies, the operating cost, including deprecation, at 10% of net operative revenue remained lower by 120 bps compared to the corresponding quarter of last year. While the operating profit (EBITDA) for the quarter was 33.07 crore (last year Rs 29.21 crore), the PBT stood at Rs 31.23 crore (last year 27.22 crore). The engine sales volume grew by 13%, the Profit after tax is at Rs 23.23 crore (last year Rs 20.19 crore) remained higher by 15.1% over last year. 9MFY23: On the strength of growth witnessed in the first Q3FY23, Swaraj Engines recorded the highest-ever nine months of engine sales & profit. Crossing the 1,00,000 units mark in nine months for the first time, the engine sales volume stood at 1,02,164 units (last year 92,874 units) with net operating revenue of Rs 1,062.03 crore (last year Rs 895.80 crore). The company's nine months PBT stood at Rs 132.66 crore (last year Rs 117.68 crore) - up 12.7%. PAT for the period was Rs 98.65 crore (last year Rs 87.61 crore) - up 12.6%. Result PDF
Automobiles & auto parts manufacturer Swaraj Engines announced Q2FY23 results: Q2FY23: The Q2FY23 engine sales for the current fiscal reached 36,792 units, up 4.3% over last year's sales of 35,291 units. The operating profit for Q2FY23 crossed Rs. 50 crore mark for the second time in a row and stood at Rs. 50.51 crore compared to Rs. 47.74 crore during the corresponding Q2FY22. The net operative revenue for the Q2FY23 stood at Rs. 384.75 crore (last year Rs. 343.59 crore). The PBT for Q2FY23 was Rs. 48.31crore (Q2FY22 Rs. 45.31 crore) - up 6.6% The PAT stood at Rs. 35.88 crores (last year Rs. 33.77 crore) - up 6.2%. H1FY23: The H1FY23 recorded an engine sales volume of 75,220 units, the highest ever H1FY23 engine sales compared to the H1FY22 sales of 69,038 units. The net operating revenue of Rs. 783.10 crore (H1FY22 Rs. 658.30 crores) for the said period The Company H1FY23 PST crossed Rs. 100 crore mark for the first time and stood at Rs. 101.43 crore (H1FY22 Rs. 90.46 crore). The PAT for the period was Rs. 75.42 crore (last year Rs. 67.42 crore) - up 11.9%. Result PDF