Meanwhile, Swaraj Engines introduced a dividend of Rs 50 per share for FY2021
Swaraj Engines shares rallied greater than 5 per cent on the BSE after the corporate reported robust set of numbers for the March quarter. At 2:50 pm, the shares of Swaraj Engines have been buying and selling at Rs 1447.55, larger by 6.41 per cent on the BSE.
Swaraj Engines reported a revenue of Rs 32.56 crore within the March quarter, up 105.6 per cent over the earlier yr’s corresponding quarter. It achieved engine gross sales of 33,831 models within the fourth quarter, up 62 per cent yr on a year-on-year foundation.
The firm’s internet working revenues grew 74 per cent YoY at Rs 305 crore, earnings earlier than curiosity, taxes, depreciation, and amortization (Ebitda) jumped 97.5 per cent YoY at Rs 46.20 crore and Ebitda margins improved 179 foundation factors to fifteen.1 per cent.
Meanwhile, the corporate introduced a dividend of Rs 50 per share for monetary yr ended March 2021.
The Sensex had rebounded from intra-day lows and was buying and selling at 48,040.55, larger by 341.25 factors and the NSE Nifty was at 14,400.85, up 106 factors.
