Swaraj Engines Ltd Q1FY22 PAT at Rs. 33.65 crores

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SWARAJ ENGINES LTD. published its financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) – QoQ Comparison

The company reported total income of Rs.317.32 crore during the period ended June 30, 2021, compared to Rs.307.15 crore during the period ended March 31, 2021.

The company posted a net profit / (loss) of Rs.33.65 crore for the period ended June 30, 2021 compared to a net profit / (loss) of Rs.32.56 crore for the period ended March 31 2021.

The company reported EPS of 27.70 rupees for the period ended June 30, 2021, compared to 26.82 rupees for the period ended March 31, 2021.

Total revenue ₹ 317.32 crs 307.15 crs 3.31%
Net profit ₹ 33.65 crs ₹ 32.56 crs Check mark up 3.35%
EPS ₹ 27.70 26.82 Check mark up 3.28%

Financial Results (Q1 FY 2021-2022) – Year-over-year comparison

The company reported total income of Rs 317.32 crore during the period ended June 30, 2021 compared to Rs 119.05 crore during the period ended June 30, 2020.

The company posted a net profit / (loss) of Rs.33.65 crore for the period ended June 30, 2021 compared to a net profit / (loss) of Rs.7.84 crore for the period ended June 30, 2020.

The company reported EPS of 27.70 rupees for the period ended June 30, 2021 compared to 6.45 rupees for the period ended June 30, 2020.

Total revenue ₹ 317.32 crs ₹ 119.05 crs Check mark up 166.54%
Net profit ₹ 33.65 crs ₹ 7.84 cents Check mark up 329.21%
EPS ₹ 27.70 6.45 Check mark up 329.46%

Continuing its growth path, Swaraj Engines reported its best first quarter performance in terms of highest ever first quarter engine sales of 33,747 units and after tax profit of Rs. 33.65 crore. Said volumes are 145% higher compared to the sale of 13,756 units in the corresponding quarter of fiscal 2021. Although this is not fully comparable to engine sales in the first quarter of last year which have been affected by the blockages.

With the increase in engine sales volume, net operating income for the quarter amounted to Rs. 314.71 crore compared to Rs. 116.99 crore for the corresponding quarter of last year. The increase in raw material prices had an impact on the contribution margin, however, with total operating expenses restricted to 7.5% of net operating income, the Company posted a higher operating margin. healthy 15.0%. Profit before tax and after tax for the quarter was Rs. 45.15 crore (last year Rs. 10.71 crore) and Rs. 33.65 crore (last year Rs. 7.84 crore) ) respectively. This quarterly profit is also the highest on record for a quarter.

Moreover, even on the basis of QoQ, the above performance is better compared to the Q4FY21 where the company posted a PAT of Rs. 32.56 crore on a sale of 33,831 engine units.

Shares of SWARAJ ENGINES LTD. was last trading on BSE at Rs.1769 from the previous close of Rs. 1769.4. The total number of shares traded during the day was 323 in more than 147 trades.

The share hit an intraday high of Rs. 1,783.2 and an intraday low of 1751.5. The net turnover during the day was Rs. 573,038.


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