Swan (503310) Q2 24/25 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2024.

• Entered into an MoU and SPV formation with Balu Forge Industries for a new business venture in Defence, Aerospace, Railways, and Nuclear sectors.

Financial highlights

• Standalone revenue from operations for Q2 FY25 was ₹2,554.74 lakh, down from ₹3,945.73 lakh in Q1 FY25; half-year revenue was ₹8,453.54 lakh.

• Standalone net profit after tax for Q2 FY25 was ₹121.71 lakh, compared to ₹324.75 lakh in Q1 FY25; half-year net profit was ₹446.46 lakh.

• Consolidated revenue from operations for Q2 FY25 was ₹1,03,219.13 lakh, down from ₹1,14,173.50 lakh in Q1 FY25; half-year revenue was ₹2,17,392.63 lakh.

• Consolidated net profit after tax for Q2 FY25 was ₹6,713.01 lakh, compared to ₹26,767.32 lakh in Q1 FY25; half-year net profit was ₹33,480.33 lakh.

• Basic and diluted EPS (consolidated) for H1 FY25 was ₹10.86.

Outlook and guidance

• New SPV with Balu Forge Industries aims to expand into global Defence, Aerospace, Railways, and Nuclear markets.