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Swan Defence and Heavy Industries results

NSE: SWANDEFBSE: 533107Industrial ManufacturingSmall Cap

Formerly Reliance Defence and Engineering
Last close ₹2,711.90down ₹142.70 (5.00%)BSE ₹2,696.90

Share price at the NSE close on 23 Oct 2026. Previous close ₹2,854.60.

52-week range of traded prices to 23 Oct 2026
₹736.45Low, 27 Oct 2025₹3,020.00High, 13 Oct 2026
Market cap
₹14,287 Cr562nd largest listed
P/E
40.9
P/B
6.3
Dividend yield
Nonein the last 12 months
ROE
27.9%
ROCE
−11.0%
Debt to equity
0.51
Volume, NSE
18,854

Q2 results, quarter to Sep 2026

Consolidated: the company and its subsidiaries together. ₹ crore.Swan Defence and Heavy Industries annual results and balance sheet

Revenue
₹69 Cr+74.0% on a year ago · +124.9% on the quarter before
Operating profit
−₹17 Cr
Net profit
₹566 Cr
Earnings per share
₹107.52
Operating margin
−24.7%
Net margin
822.8%

From revenue to net profit, ₹ crore

  1. Revenue69
  2. Materials and goods−7.7
  3. Employee costs−17
  4. Other expenses−62
  5. Operating profit−17
  6. Depreciation−17
  7. Other income+57
  8. Finance costs−19
  9. Profit before tax4.0
  10. Tax+563
  11. Joint ventures−0.7
  12. Net profit566

Swan Defence and Heavy Industries results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Sep 2026. Results for the quarter to Dec 2026 are due by 14 Feb 2027, 45 days after it ends.Results filings and date

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
₹ croreDec 2022Q3Filed 12 NovMar 2023Q4Filed 12 NovJun 2023Q1Filed 12 NovSep 2023Q2Filed 12 NovDec 2023Q3Filed 12 NovMar 2024Q4Filed 12 NovJun 2024Q1Filed 12 NovSep 2024Q2Filed 12 NovDec 2024Q3Filed 8 FebMar 2025Q4Filed 12 JunJun 2025Q1Filed 1 AugSep 2025Q2Filed 12 NovDec 2025Q3Filed 4 FebMar 2026Q4Filed 27 MayJun 2026Q1Filed 11 AugSep 2026Q2Filed 12 Oct
Revenue from operations000000011504062363169
14565612283537143247264875286
Materials and goods bought00000011201418043808
Employee costs11111246667910101217
Other expenses13454592428308112016393962
Operating profit before depreciation−14−5−6−5−6−12−28−34−36−9−32−8−20−250−21−17
Operating margin−3,382.5%––––––−3,550.0%−3,118.1%−192.3%−7,528.6%−19.4%−341.4%−106.0%−68.4%−24.7%
Depreciation and amortisation17171717171715151516151516181517
Other income101110211718551301157
Finance costs4654385101062222351619
Profit before one-off items and tax−495−25−25−30−27−39−51−54−53−21−31−20−33−143−424
One-off items19,52100000000−2000000
Profit before tax19,026−25−25−30−27−39−51−54−53−23−31−20−33−143−424
Tax000––0000000000−563
Tax rate0.0%––––––––––––––−14,247.3%
Share of profit of joint ventures and associates0–0–––010000000−1
19,026−25−25−29−27−39−52−53−53−23−31−20−33−142−42566
Other comprehensive income00000000000000−1−3
Total comprehensive income19,026−25−25−29−27−39−52−53−53−23−31−20−33−142−43564
Net margin47,56,595.0%––––––−5,561.5%−4,600.0%−463.7%−7,331.0%−50.2%−563.8%−60.2%−136.2%822.8%
Net margin without joint ventures and associates47,56,622.5%––––––−5,656.3%−4,557.8%−466.2%−7,421.4%−51.4%−568.6%−60.4%−135.9%823.7%
Earnings per share₹70,935.72−₹94.66−₹94.06−₹109.35−₹100.59−₹145.55−₹192.12−₹10.13−₹10.13−₹4.32−₹5.84−₹3.77–−₹26.98−₹7.91₹107.52
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarters to Dec 2021, Mar 2022, Jun 2022 and Sep 2022.

Filed results, as an XML file each

13 earlier filings