M&M-owned Swaraj Engines jumps 12% after Q4 results; declares ₹104.50 dividend

Shares of Mahindra & Mahindra-owned Swaraj Engines Ltd. surged as much as 12% on Wednesday, April 16, after the tractor manufacturer reported its March quarter results.

Swaraj Engines reported a 29% jump in its net profit, compared to the same quarter last year, to ₹45 crore, from ₹35 crore.

The company's revenue went up by 29.4% from last year to ₹454 crore. The base quarter revenue stood at ₹351 crore.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 29% from the same quarter last year to ₹62 crore.

EBITDA margin expanded to 13.6% from 13.7% last year.

The Board of Swaraj Engines Ltd. has recommended an equity dividend of ₹104·50 per share for the financial year ended March 31, 2025.

Based on the recent shareholding pattern, Mahindra & Mahindra owns a 52.1% stake in Swaraj Engines.

Shares of Swaraj Engines Ltd. are currently trading 7.25% higher on Wednesday at ₹4,289. The stock is up over 40% so far this year.