SWARAJ ENGINES

On the back of a robust increase in sales volume and better spread of fixed costs, the company ended Q1FY17 on a very good note. Engine volumes rose 14% (YoY) at 20,910 units while the net revenue rose 12% at Rs.172 crore. EBITDA came in at Rs.28 crore, up 27% while EBITDA margin was up from 14.38% to 16.28%. Net profit for the quarter was at Rs.19 crore, up 25%.

The company’s equity stands at Rs.12.42 crore and EPS for the current Q1 is at Rs.15.30 (FV of Rs.10/share). Reserve stood at a very healthy Rs.251 crore. As at 30th June 2016, promoters stake was at 50.62% of which 17.39% is held by Kirloskar Industries and 33.22% by Mahindra & Mahindra.