Swaraj Engines Q2 FY26 Earnings Results

Swaraj Engines was established in 1989 it manufactures diesel engines specifically for tractors in the range of 22 HP to above 65 HP and hi-tech engine components. Presenting below are its Q2 FY26 earnings results.

 

Q2 FY26 Earnings Results

• Revenue from Operations: ₹504.04 crore, up 8.57% YoY and 4.1% QoQ, driven by sustained tractor demand and higher sales volumes.​

• Profit Before Tax (PBT): ₹66.75 crore, up 9.5% YoY and stable QoQ, reflecting operational efficiencies amid cost challenges.​

• Profit After Tax (PAT): ₹49.68 crore, up 9.4% YoY and marginally down by 0.6% QoQ, maintaining consistent profitability.​

• EPS: ₹40.89 in Q2 FY26 vs ₹37.39 in Q2 FY25, reflecting solid earnings growth.​

• Engine Sales: 51,164 units, up 9% YoY and 4.3% QoQ, marking a record quarterly sales performance.​

• Operating Profit: ₹68.03 crore with an 8.3% YoY increase.​

• Margins: Operating profit margin slightly compressed marginally QoQ due to rising raw material and employee costs, but remains healthy at approximately 13.5%.​

• Employee Costs: Marginal sequential increase to ₹13.89 crore from ₹13.22 crore.​

• Capital Expenditure: ₹31.35 crore spent in H1 FY26, up from ₹20.3 crore in the previous year, supporting capacity expansion and operational improvements.​

 

Management Commentary and Strategic Insights

• The company highlighted continued strong rural demand driven by favourable agriculture outlook and improved monsoon across key markets.​

• Operational efficiencies and improved supply chain logistics mitigated inflationary pressures, maintaining healthy profitability.​

• Swaraj Engines expects volume growth to sustain in H2 FY26 amid new product launches and increased tractor adoption owing to government schemes.​

• Management emphasis remains on optimizing cost structures, expanding aftermarket services, and focusing on newer geographies to fuel future growth.​

 

 

Q1 FY26 Earnings Results

• Revenue from Operations: ₹484.10 crore, up 16% YoY.​

• PAT: ₹49.97 crore, up approximately 13% YoY, marginally higher than Q2 PAT.​

• Engine Sales: 49,040 units, showing steady growth QoQ and YoY.​

• Operating Profit: ₹67.10 crore with sustained operating margins.

 

To view the company’s previous earnings and latest concall transcripts, click here  to visit the Alphastreet India news channel.