Swan Energy Ltd. has released its audited consolidated financial results for the quarter (Q4) and year ending March 31, 2024.
Q4FY24 Consolidated Financial Highlights:
Revenue: ₹140,704.85 Lakh
Profit After Tax (PAT): ₹5,558.90 Lakh
Total Comprehensive Income: ₹5,871.63 Lakh
FY24 Consolidated Financial Highlights:
Revenue: Surged by 251.99% YoY
Total Comprehensive Income: Rose by 1,001.48% in FY24
FY24 EPS: Soared to Rs 20.57, a significant uptick from FY23 (Rs -2.52)
Dividend: The Board of Directors has recommended a final dividend of Rs 0.10 per share of FV of Rs 1 each, subject to shareholder approval at the AGM.
Management Commentary:
Mr. Chetan Selarka, CFO of Swan Energy Limited, stated that FY24 was a year of establishing a strong foundation for growth across all business verticals. The company made substantial progress in debt reduction and took management control of RNEL. They are also revamping RNEL's shipyard infrastructure and building a proficient leadership team. In addition, the Veritas (India) business has been fully integrated, and the real estate segment is showing growth momentum.
Other Key Points:
Swan Energy has recently obtained an occupation certificate for a premium residential project in Bengaluru.
The company is actively working on the completion of its LNG terminal project.
For further information:
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/swan-energy-ltd
Swan Energy Annual Reports: https://swan.co.in/reports
Comments