SAS Nagar (Mohali), January 15, 2026: Swaraj Engines Limited (BSE: 500407, NSE: SWARAJENG) reported a strong operating and financial performance for the third quarter of FY26, driven by robust engine demand, higher volumes, and improved operating leverage. The company recorded its highest-ever Q3 engine sales, along with healthy growth in revenue and profitability for both the quarter and the nine-month period ended December 31, 2025.
Q3 FY26 Financial Performance (Standalone)
During the October–December 2025 quarter, Swaraj Engines reported revenue from operations of ₹473.20 crore, marking a year-on-year growth of 37.0 percent compared with ₹345.50 crore in the corresponding quarter last year. Total income stood at ₹476.94 crore.Profit before tax for the quarter came in at ₹56.47 crore, while profit after tax rose to ₹42.10 crore, up 31.8 percent from ₹31.95 crore in Q3 FY25. Earnings per share for the quarter stood at ₹34.66 on a basic basis.
Q3 FY26 vs Q3 FY25 Snapshot
| Particulars | Q3 FY26 | Q3 FY25 |
|---|---|---|
| Engine sales volume (units) | 47,563 | 34,415 |
| Revenue from operations (₹ crore) | 473.20 | 345.50 |
| Profit before tax (₹ crore) | 56.47 | 42.82 |
| Profit after tax (₹ crore) | 42.10 | 31.95 |
| EPS – Basic (₹) | 34.66 | 26.30 |
Nine-Month Performance Shows Sustained Momentum
For the nine months ended December 31, 2025, Swaraj Engines delivered its highest-ever sales and profits for a comparable period. Revenue from operations rose to ₹1,461.34 crore from ₹1,227.73 crore in the year-ago period.Profit before tax for the nine months stood at ₹190.39 crore, while profit after tax increased 17.6 percent year-on-year to ₹141.75 crore. The company sold 1,47,767 engines during the period, compared with 1,23,226 units in the corresponding period of the previous year.
9M FY26 vs 9M FY25 Snapshot
| Particulars | 9M FY26 | 9M FY25 |
|---|---|---|
| Engine sales volume (units) | 1,47,767 | 1,23,226 |
| Revenue from operations (₹ crore) | 1,461.34 | 1,227.73 |
| Profit before tax (₹ crore) | 190.39 | 161.83 |
| Profit after tax (₹ crore) | 141.75 | 120.56 |
| EPS – Basic (₹) | 116.69 | 99.25 |
Cost Structure and Margins
The company benefited from higher volumes, which supported operating leverage during the quarter. Total expenses for Q3 FY26 stood at ₹417.07 crore, compared with ₹306.34 crore in Q3 FY25. Employee benefit expenses and depreciation rose in line with scale, while finance costs remained negligible.An exceptional charge of ₹3.40 crore was recorded during the quarter, linked to an estimated incremental impact on employee-related obligations. Despite this, profitability remained strong.
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