Swaraj Engines Reports Record Q4 FY23 Results, Declares 1045% Dividend
Swaraj Engines Limited (SEL) has reported strong financial results for Q4 and FY23. Q4 revenue increased by 29.40% to ₹454.16 crore, with net profit rising 29.11% to ₹45.42 crore. For FY23, revenue grew 18.51% to ₹1,681.89 crore, and profit after tax increased 20.39% to ₹165.98 crore. Engine sales volume reached 168,820 units, up 21.66%. The company declared a 1045% dividend (₹104.50 per share) and approved a capacity expansion plan to increase annual engine production from 195,000 to 240,000 units.