Swaraj Engines Q3 earnings: Firm clocks highest revenue of ₹473 crore; net profit up 31% YoY

The company’s revenue from operations jumped 37% on a year-on-year (YoY) basis to ₹473 crore in the October to December quarter as against ₹346 crore seen in Q3 FY25. This was the highest ever revenue reported by the firm.

The Mohali-based diesel engine maker reported stable operating performance as its operating profit, also known as earnings before interest, taxes, depreciation and amortisation (EBITDA), advanced 37% to ₹62 crore from ₹45.1 crore in the corresponding quarter of FY25.

Its margin remained stable and advanced marginally to 13.07% YoY from 13.03%.

In a regulatory filing, Swaraj Engines said that, driven by robust and sustained engine demand, the company has achieved its highest-ever Q3 engine sales volume of 47,563 units during the third quarter that ended on December 31, 2025, as compared to 34,415 units in the corresponding quarter of the previous year.

“In light of the growth observed in the first three-quarters of FY26, Swaraj Engines achieved the highest ever sales and profits for a nine-month period,” the firm said in a statement.

The engine making firm recorded sales of 147,767 units (last year 123,226 units) and net operating revenue of ₹1,461 crore (previous year ₹1,228 crore). Swaraj Engines posted a PBT (before exceptional items) of ₹194 crore, up by 19.7%, and a PBT (after exceptional items) of ₹190.39 crore.

For the nine months ending December 31, the company saw a PAT of ₹142 crore, rising 17.6% as compared to the previous year.

Swaraj Engines Limited was set up in 1985 in Mohali, Punjab, and is primarily engaged in the business of supplying engines to the Swaraj Division of Mahindra & Mahindra Ltd (M&M).

Swaraj Engines share price

On Wednesday, Swaraj Engines shares settled at ₹3,615 apiece on the National Stock Exchange, rising 0.37%.

Over a month’s time, the stock has fallen over 3%, while the stock has declined 21% in 6 months. On a year-on-year basis, Swaraj Engines shares have rallied over 24%.

Shares of the firm had hit a 52-week high of ₹4,720 on July 16, 2025, and a 52-week low of ₹2,517 on February 19, 2025.

The company has a total market capitalisation of ₹4,392.18 crore, according to data on the NSE.