Swaraj Engines posted a record Q2 FY27 PAT of ₹60.57 crore, up 21.9%. Engine sales rose 19.6% driven by solid market demand.

The diesel engine maker told exchanges on 12 October that its board approved the unaudited results for the quarter ended 30 September. The company makes engines for tractors.

Revenue grew 26% to Rs 635.2 crore, from Rs 504 crore a year earlier. Profit before tax rose 21.9% to Rs 81.38 crore from Rs 66.75 crore. Both profit figures are the highest the company has reported.

Operating profit, or EBITDA, climbed 27.1% to Rs 86.4 crore against Rs 68 crore. Put simply, that is what the business earns from its core work before interest, taxes and other accounting charges.

The EBITDA margin stood at 13.6%, almost unchanged from 13.5%. Volumes tell the story.

Swaraj Engines sold 61,216 engines in the quarter against 51,164 a year ago, about 10,000 more.

For the first half of the year, sales reached 118,019 units, up from 100,204, a rise of about 17.8%. The company credits sustained customer demand.

In July, the firm had reported first-quarter revenue of Rs 588.39 crore and profit after tax of Rs 55.53 crore, up 11.1%, on sales of 56,803 engines. Second-quarter profit came in about Rs 5 crore higher.

The company, which began commercial production in 1989, closed FY26 with a net profit of Rs 196.40 crore.

Swaraj Engines has also named Sanjay Kshirsagar as whole-time director and CEO for a three-year term from 1 September, taking over from Devjit Sarkar, whose tenure ended on 31 August.

Shareholders are voting on the appointment through a postal ballot, and remote e-voting runs until 22 October.

Kshirsagar, 57, has more than 34 years in manufacturing and previously oversaw engine plants at Mahindra & Mahindra.

The future of investing is here!

Tradz by EquityPandit leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!