Swaraj Engines (SWARAJENG) Q4 25/26 earnings summary

Executive summary

• Achieved record engine sales and profits for both Q4 and full year FY26, with 16 consecutive quarters of profit growth and 6 consecutive years of annual growth.

• Q4 engine sales reached 55,004 units, up from 45,594 units year-over-year; annual sales crossed 200,000 units for the first time.

• Board recommended an equity dividend of 1100% (Rs. 110 per share) for FY26, subject to shareholder approval.

• Statutory auditors issued an unmodified opinion on the financial results.

• Change in Compliance Officer effective June 2026.

Financial highlights

• Q4 FY26 revenue from operations: Rs. 545.79 crores (up from Rs. 454.16 crores in Q4 FY25).

• Q4 FY26 PBT: Rs. 73.19 crores (up 19.5% year-over-year); PAT: Rs. 54.56 crores (up 20.1%).

• FY26 revenue: Rs. 2007.13 crores (up 19.3% year-over-year); PBT: Rs. 266.98 crores (up 19.7%).

• FY26 PAT: Rs. 196.31 crores (up 18.3% year-over-year); EPS (basic): Rs. 161.60 (up from Rs. 136.64).

• Total comprehensive income for FY26: Rs. 196.40 crores.

Outlook and guidance

• Continued growth momentum expected, supported by strong customer demand and robust sales pipeline.