Swaraj Engines Limited (SEL) has announced its financial results for the second quarter and half-year ended September 30, 2025, showcasing robust growth and record-breaking performance.

Q2 Highlights

SEL reported impressive growth in its Q2 FY26 results:

The company's performance was driven by sustained strong demand, leading to a sales volume that surpassed 50,000 units in a single quarter for the first time.

H1 FY26 Performance

The strong momentum continued in the first half of FY26:

SEL achieved its highest-ever half-yearly engine sales, exceeding 100,000 units for the first time. This performance resulted in record-breaking Profit Before Tax and Profit After Tax figures for the company.

Management Changes

The Board of Directors has approved several key management changes:

• Mr. Rajesh Jejurikar has resigned as Director and Chairman, effective from the close of October 16, 2025.
• Mr. Rajya Vardhan Kanoria, currently a Non-Executive Independent Director, will assume the role of Chairman of the Board of Directors from October 17, 2025.
• Mr. Gaganjot Singh has been appointed as an Additional Director (Non-Executive Non-Independent) effective from October 17, 2025.

Financial Position

As of September 30, 2025, SEL maintains a strong financial position:

• Total Assets: ₹671.32 crore
• Total Equity: ₹392.02 crore
• Current Assets: ₹507.87 crore
• Current Liabilities: ₹270.05 crore

The company's robust balance sheet provides a solid foundation for future growth and expansion opportunities.

Conclusion

Swaraj Engines Limited's record-breaking performance in Q2 and H1 FY26 demonstrates strong growth in the engine manufacturing sector. The company's ability to meet increasing demand while maintaining profitability positions it well in the market. SEL primarily supplies engines to Mahindra & Mahindra's Swaraj Division, contributing to its success in the agricultural machinery sector.

Swaraj Engines Limited (SEL) has announced its financial results for the first quarter, showcasing impressive growth and setting new records in both engine sales and profits.

Financial Highlights

• Revenue: SEL reported a robust 16% year-over-year growth in net operating revenue, reaching ₹484.00 crore compared to the same quarter last year.
• EBITDA: The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to ₹67.00 crore, up 15% from Q1 of the previous year.
• Net Profit: SEL's net profit after tax rose by 15.7% to ₹50.00 crore, compared to ₹43.19 crore in the corresponding quarter of the previous year.
• Engine Sales: The company achieved a record-breaking quarterly engine sales volume of 49,040 units, marking a significant 17.2% increase from 41,849 units sold in the same quarter last year.

Key Performance Metrics

Management Commentary

Devjit Sarkar, Whole Time Director & CEO of Swaraj Engines Limited, commented on the results, stating, "We are pleased to report an all-time high quarterly performance in both engine sales and profitability. The strong demand for our engines has driven this impressive growth, and we remain committed to maintaining this momentum."

About Swaraj Engines Limited

Established in 1985 and headquartered in Mohali, Punjab, Swaraj Engines Limited is primarily engaged in the business of supplying engines to the Swaraj Division of Mahindra & Mahindra Ltd. (M&M). The company continues to play a crucial role in the agricultural machinery sector.

The financial results for the quarter were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on July 15. The company's statutory auditors have conducted a limited review of the financial results, ensuring compliance with applicable accounting standards and regulations.

Investors and stakeholders can access the detailed quarterly financial results on the stock exchange websites ( www.nseindia.com and www.bseindia.com ) as well as on the company's official website ( www.swarajenterprise.com ).

Market Response

Following the announcement of Q1 FY2024 results, Swaraj Engines' stock is currently trading 3.6% higher at ₹4,322.10, reflecting positive investor sentiment towards the company's strong performance.