Swaraj Engines reports 15% yoy jump in revenue at Rs1,138.15 crore for FY22; PAT grew 18% yoy

28 Apr 2022 , 01:59 PM

Swaraj Engines Limited announced its results for the quarter and financial year ended March 31, 2022. The company reports a heavy decline in performance during the period under consideration.

Net Operating Revenue grew by 15% yoy in FY22 and crossed the Rs1,000 crore mark for the first time and stood at Rs1,138.15 crore as compared to Rs986.57 crore for the last year.

The company’s net operating revenue for Q4FY22 declines 20.52% yoy at Rs242.35 crore as compared to Rs304.91 crore in Q4FY21.

The commodity prices witnessed further hikes during the quarter and the impact was mitigated to the extent possible by aggressively focusing on operational efficiencies.

Its PBT during Q4FY22 was reported at Rs29.18 crore, registering a downfall of 49.76% yoy as compared to Rs43.70 in Q4FY21.

PAT during the quarter under review witnessed a drop of 33% yoy at Rs21.86 crore as compared to Rs32.56 crore in the previous corresponding quarter. Profit After Tax for FY22 grew by 18% yoy to reach Rs109.47 crore as compared to PAT of Rs92.54 crores during the previous year. – the highest ever net profit for any financial year.

The Board, while approving the annual accounts, has recommended an equity dividend of 800% at Rs80 per share for the financial year ended March 31, 2022 – the highest ever dividend, both in terms of per share and absolute payout.

Swaraj Engines is currently trading at Rs1,504.50 up by Rs8.65 or 0.58% from its previous closing of Rs1,495.85 on the BSE. It touched intraday high and low of Rs1,525 and Rs1,498.65 respectively.