NewsEarningsSwadeshi Industries Reports Robust Q1 Growth, Appoints New Leadership, and Approves Strategic InitiativesSwadeshi Industries Reports Robust Q1 Growth, Appoints New Leadership, and Approves Strategic Initiatives
Swadeshi Industries & Leasing Ltd reported impressive Q1 FY2026 results with total income rising 294% to INR 929.43 lacs and net profit surging 578% to INR 34.56 lacs. The company appointed Mr. Dilip Jagdish Pendse as Independent Director and Mr. Naresh Poonamchand Jain as CFO. Strategic initiatives include approval to borrow up to INR 25 crore, acquire shares in Swadeshi Agrotech Industries, amend the memorandum of association, and a previous preferential allotment of warrants.
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Swadeshi Industries & Leasing Ltd has reported impressive financial results for the first quarter ended June 30, alongside significant corporate developments and strategic decisions.
Financial Performance
The company witnessed substantial growth in its Q1 performance:
| Particulars | Q1 FY2026 (INR Lacs) | Q1 FY2025 (INR Lacs) | YoY Growth |
|---|---|---|---|
| Total Income | 929.43 | 235.90 | 294.00% |
| Net Profit | 34.56 | 5.10 | 578.00% |
| Basic EPS | 0.32 | 0.05 | 579.00% |
Swadeshi Industries' revenue from operations surged to INR 929.43 lacs, compared to INR 228.93 lacs in the same quarter last year, marking a significant year-on-year growth of over 306%.
Key Appointments
The Board of Directors has made two crucial appointments:
Mr. Dilip Jagdish Pendse as Independent Director
- A seasoned banking and finance professional with over three decades of experience
- Chartered Accountant and Law Graduate
- Certified Independent Director (IICA, MCA)
- Expertise in GST implementation, risk management, and regulatory compliance
Mr. Naresh Poonamchand Jain as Chief Financial Officer
- Over 28 years of experience in finance and management in the metals industry
- Specializes in manufacturing and supply of copper products for the electrical sector
- Strong background in corporate finance, banking relations, and strategic business expansion
Strategic Initiatives
The Board has approved several strategic initiatives:
Borrowing Approval: Authorization to borrow up to INR 25 crore from banks or financial institutions.
Acquisition: Approval to acquire 350,000 equity shares in Swadeshi Agrotech Industries Private Limited.
Memorandum of Association: Amendments to the company's memorandum of association have been approved.
Preferential Allotment: The company had previously allotted 1,23,10,000 warrants at INR 10 each on a preferential basis to promoters and non-promoters on May 21.
Business Focus
Swadeshi Industries & Leasing Ltd primarily engages in trading copper items and facilitating wholesale trade. The company operates within a single operating segment as per Ind AS 108 requirements.
Conclusion
With robust financial growth, strategic appointments, and forward-looking initiatives, Swadeshi Industries & Leasing Ltd appears to be positioning itself for continued expansion and improved performance in the coming quarters.
Historical Stock Returns for Swadeshi Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.00% | -5.85% | +25.04% | +542.77% | +5,057.53% | +24,588.52% |
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