Swan Defence posts ₹566 crore net profit in Q2
In short
Swan Defence reported a ₹566 crore net profit in the quarter, after a ₹55 lakh loss a year earlier. Revenue from operations rose to ₹69 crore, up 74% from last year and 125% from the previous quarter.
This matters because the company has sharply improved its bottom line. The reporting says provision write-back helped, but it does not give the exact amount.
What the reporting says
Swan Defence reported a ₹566 crore net profit in the quarter, compared with a ₹55 lakh loss in the year-ago period, while revenue from operations rose to ₹69 crore. The publisher summaries say revenue grew 74% year on year and 125% sequentially, and the result was helped by a provision write-back. The available reporting does not state the full quarter dates or the size of the write-back.
Why it matters
Swan Defence swung to a ₹566 crore net profit in the quarter from a ₹55 lakh loss in the year-ago period. Publisher summaries say revenue from operations rose to ₹69 crore, up 74% year on year and 125% sequentially, with the profit helped by a provision write-back. The available reporting does not specify the quarter dates or the write-back amount.