Swaraj Engines reported its highest-ever quarterly profit before tax of ₹74.64 crore for the first quarter ended June 30, 2026. The company recorded a 21.5% year-on-year increase in net operating revenue to ₹588.39 crore, driven by robust engine demand and record sales volumes. Profit after tax rose 11.1% year-on-year to ₹55.53 crore.

Operational Performance

The company achieved its best-ever quarterly engine sales volume, which grew 15.8% to 56,803 units from 49,040 units in Q1FY26. This surge in volume contributed to the strong topline performance. Cumulative sales volume since inception crossed the 2 million mark during this quarter.

Financial Metrics

Operating profit, or EBITDA, increased 14.4% to ₹76.76 crore from ₹67.10 crore in the same quarter of the previous year. The following table summarises the financial performance for Q1FY27 versus Q1FY26:

Regulatory Disclosures

The Board of Directors approved the unaudited financial results on July 20, 2026. The results were reviewed by the Audit Committee and subsequently subjected to a limited review by the statutory auditors, B. K. Khare & Co., in compliance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The earnings per share (basic) for the quarter stood at ₹45.70.

Swaraj Engines Limited has appointed Mr. Vimal Agarwal as its Internal Auditor effective July 1, 2026, succeeding Mr. K. N. Vaidyanathan who will cease to hold the position at the close of business hours on June 30, 2026. The Board of Directors approved the change based on the recommendation of the Audit Committee, following the conclusion of Mr. Vaidyanathan's term as the Group Chief Internal Auditor of Mahindra and Mahindra Limited, the holding company. Mr. Agarwal has been appointed as the Group Chief Internal Auditor of Mahindra and Mahindra Limited, effective July 1, 2026.

The Board placed on record its appreciation for the valuable contributions made by Mr. K. N. Vaidyanathan during his tenure as the Internal Auditor of the company. The meeting, which commenced at 6:25 P.M. and concluded at 6:40 P.M. on June 26, 2026, also reviewed the necessary disclosures required under the SEBI LODR Master Circular.

Details of Appointment

Mr. Vimal Agarwal is a Chartered Accountant and MBA with 25 years of experience in finance, governance, and business strategy across multinational corporations and listed Indian entities. He is recognized for strengthening governance frameworks, enhancing internal controls, and enabling Boards and leadership teams in shaping and executing growth strategies.

During his tenure at PepsiCo India, Mr. Agarwal advanced through multiple leadership roles, driving financial operations, planning & analytics, and supply chain finance while embedding strong internal controls and governance practices. After joining Mahindra Lifespaces as CFO, he partnered with business leaders to scale sales and increase market capitalization while leading fundraising, digitalization, and private equity joint ventures. As CFO of Mahindra Holidays & Resorts over the last 2 years, he has enabled a comprehensive growth strategy and leveraged his expertise in financial planning, investor relations, and performance optimization.