Swan Defence Q2 profit rises on tax provision reversal
In short
Swan Defence reported a quarterly profit of ₹566 crore, up from a ₹55 lakh loss a year ago. Revenue also rose 72.5%, helped by a tax provision reversal.
This is important because the company moved from loss to strong profit in one year. The report does not say how big the tax reversal was or what drove the revenue jump.
What the reporting says
Swan Defence reported a net profit of ₹566 crore in the quarter, compared with a ₹55 lakh loss a year earlier, and revenue rose 72.5%. The reporting says the profit was boosted by a tax provision reversal. It does not state the size of the reversal, the quarter covered, or whether the revenue growth will continue.
Why it matters
Swan Defence reported a quarterly net profit of ₹566 crore, compared with a ₹55 lakh loss in the year-ago period, and revenue rose 72.5%. The reporting says a tax provision reversal boosted the result. The source does not provide the reversal amount or any operational breakdown behind the revenue increase.