Swaraj Engines Q1 Results: Tractor-maker shares surge 10% after sales, profit grow from last year

Shares of Swaraj Engines Ltd., the tractor-manufacturing subsidiary of Mahindra & Mahindra Ltd. reported its quarterly results for the April-June period, and the stock has seen choppy moves in response to the results.

For the June quarter, Net profit for Swaraj Engines increased by 15.7% to ₹50 crore. The company had reported a net profit of ₹43.2 crore during the same period last year.

Revenue for the quarter also grew by a similar quantum on a year-on-year basis to ₹484 crore from ₹418 crore last year.

Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at ₹67 crore, a growth of 15% from last year's figure of ₹58.3 crore.

EBITDA margins for the period remained flat at 13.84% from 13.94% during the year-ago quarter.

Shares of Swaraj Engines nearly gave up most of their gains after the earnings announcement, but are seeing some rebound from the lows. The stock currently trades 3.6% higher at ₹4,322.1. The stock has risen 8% in the last one month and has gained over 42% so far in 2025.