Swan (503310) Q4 23/24 earnings summary

Executive summary

• Consolidated revenue reached ₹5,01,714.60 lakhs, a 249% year-on-year increase, driven by the oil and gas segment.

• EBITDA surged by 292% year-on-year, marking the highest margin growth in company history.

• Profit Before Tax improved to ₹60,933.89 lakhs, reversing a prior year loss of ₹6,224.33 lakhs.

• Major strategic moves included the acquisition of Reliance Naval and Engineering Limited and progress on the Swan LNG Project.

• Qualified Institutional Placement raised ₹3,31,917.24 lakhs, strengthening the balance sheet.

Financial highlights

• Consolidated revenue from operations: ₹5,01,714.60 lakhs (up from ₹1,43,814.37 lakhs year-over-year).

• Consolidated EBITDA: ₹95,059.79 lakhs (up from ₹24,190.35 lakhs year-over-year).

• Consolidated Profit After Tax: ₹58,596.68 lakhs (compared to a loss of ₹6,104.92 lakhs year-over-year).

• Standalone revenue from operations: ₹38,581.34 lakhs (down from ₹54,722.62 lakhs year-over-year).

• Standalone PAT: ₹217.30 lakhs (down from ₹363.50 lakhs year-over-year).

• Dividend of ₹0.10 per equity share recommended for FY 2023-24.

Outlook and guidance

• Swan LNG Project is on track to commence operations in the next fiscal year.

• Real estate division expects full inventory sales in Bengaluru and is exploring new opportunities in Mumbai and Bengaluru.

• Restoration of the acquired shipyard is expected to create over 4,000 direct jobs and commence operations in the coming year.

• Continued focus on sustainability, innovation, and community engagement.