Gujarat-based Swan Defence and Heavy Industries Ltd on Monday reported a net profit of ₹566.44 crore for the quarter, compared with a loss of ₹0.55 crore in the year-ago period. The profit includes the write-back of excess provisions made in earlier years, as disclosed in the company’s financial results.
Revenue from operations rose 74% year-on-year to ₹69 crore from ₹40 crore. Sequentially, revenue increased 125% from the previous quarter. However, the company reported an earnings before interest, taxes, depreciation and amortisation loss of ₹17.02 crore, compared with a loss of ₹7.97 crore in the corresponding quarter last year.
The EBITDA margin stood at -24.72%, against -20.15% a year ago. Rear Admiral Vipin Kumar Saxena , Chief Executive Officer, Swan Defence and Heavy Industries Ltd, said, "The first half of FY27 marks SDHI’s transition from turnaround to scaled execution.
Having completed our resolution plan and settled our obligations to the Committee of Creditors, we have focused on building the systems, processes and teams needed to deliver our order book. Winning export orders again in H1 FY27 reflects the growing confidence of international customers in SDHI and in India as a credible shipbuilding partner.
Our priority now is to deliver on time and to global quality standards. SDHI is well placed to win at home and abroad, and to turn that into sustained growth for our shareholders."Shares of Swan Defence and Heavy Industries Ltd ended at ₹2,874.55, up by ₹136.85, or 5.00%, on the BSE.