Swaraj Engines Limited has reported record-breaking financial results for the second quarter (Q2) of 2023, showcasing impressive growth. The key highlights include:
- The company achieved its highest-ever engine sales in Q2, totaling 37,876 units, representing a 2.9% increase compared to the previous year.
- The Profit After Tax (PAT) for Q2 reached Rs. 37.67 crores, marking a 5% growth compared to the previous year.
- This marks the sixth consecutive quarter of year-over-year growth.
For the first half of 2023 (H1), SEL continued to demonstrate strong performance:
- H1 engine sales reached an all-time high of 76,313 units, surpassing the previous year’s sales of 75,220 units.
- The net operating revenue for H1 was Rs. 788.73 crores, compared to Rs. 783.10 crores for the same period last year.
- The company achieved a Profit Before Tax (PBT) of Rs. 105.65 crores and a Profit After Tax (PAT) of Rs. 78.59 crores, both of which are the highest ever recorded figures.
Swaraj Engines Limited (SEL) is primarily engaged in supplying engines to the Swaraj Division of Mahindra & Mahindra Ltd. (M&M).
| Subscribe To Our Free Newsletter |
