Swaraj Engines (SWARAJENG) Q4 24/25 earnings summary

Executive summary

• Achieved record engine sales and profits in Q4 and FY25, with highest-ever quarterly and annual PBT and PAT.

• Board approved audited results and recommended a 1045% dividend (Rs. 104.50 per share) for FY25.

• Announced engine capacity expansion from 195,000 to 240,000 units per annum, funded by internal accruals.

Financial highlights

• Q4 FY25 engine sales: 45,594 units (up from 35,344 YoY); net operating revenue: Rs. 454.16 crore (up from Rs. 350.96 crore YoY).

• Q4 FY25 PBT: Rs. 61.22 crore (up from Rs. 47.19 crore YoY); PAT: Rs. 45.42 crore (up from Rs. 35.18 crore YoY).

• FY25 engine sales: 168,820 units (up 21.7% YoY); net operating revenue: Rs. 1,681.89 crore (up from Rs. 1,419.24 crore YoY).

• FY25 PBT: Rs. 223.05 crore (up from Rs. 184.97 crore YoY); PAT: Rs. 165.98 crore (up 20.4% YoY).

• EPS for FY25: Rs. 136.64 (basic), up from Rs. 113.50 YoY.

Outlook and guidance

• Capacity expansion to 240,000 units per annum to meet future demand and technology needs.

• Positive outlook based on sustained demand and robust financial performance.