Interim report
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SWARAJ ENGINES LIMITED 02/SP/EXCH 12th October, 2026 BSE Limited Listing Department P.J. Towers, pt Floor, Dalal Street, Fort, Mumbai - 400 001 Email: corp.relations@bseindia.com Scrip Code: 500407 Works: Plot No.2, Indl. Focal Point, Phase-IX, S.A.S. Nagar Distt. S.A.S. Nagar (Mohali) (Near Chandigarh) Tel. : 0172-2234941-47, 2234950 National Stock Exchange of India Limited Capital Market-Listing, Exchange Plaza, Sandra Kurla Complex, Sandra (E), Mumbai- 400051 Email: cmlist@nse.co.in Scrip Name: SWARAJENG Sub: Outcome of the Board Meeting This is to inform that Board of Directors of Swaraj Engines Limited in their meeting held today on 12th October, 2026 has approved the Unaudited Financial Results of the Company for the second quarter and half year ended 30th September, 2026. Copies of the Unaudited Financial Results, Limited Review Report from the Company's Statutory Auditors and Press Release are enclosed herewith. The meeting of the Board of Directors of the Company commenced at 11 :45 A.M. and concluded at \;t. ~ ~ SP.M. This intimation is also being uploaded on the Company's website at www.swarajenterprise.com. You are requested to kindly take note of the above. With regards, For Swaraj Engines Limited (Rajesh K. KapiJa) Company Secretary M.No.: ACS-9936 Regd. Office: Industrial Area, Phase IV, S.A.S. Nagar, Mohali, Near Chandigarh-160 055 Tel. : +91-172-2271620-22, Fax: +91-172-2272731 Website: www.swarajenterprise.com CIN - L50210PB1985PLC006473
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SWARAJ ENGINES LIMITED CIN: L50210PB1985PLC006473 Regd. Office: Phase IV, Industrial Area, SAS.Nagar (Mohali), Punjab -160 055 Tel: 0172-2271620-27, Fax: 0172-2272731, Email: selinvestor@swarajenterprise.com, Website: www.swarajenterprise.com STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2026 a s Particulars Quarter Ended Half Year Ended Year Ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue from Operations 63519 58839 50404 122358 98814 200713 Other Income 158 371 461 529 1027 1770 Total Income 63677 59210 50865 122887 99841 202483 Expenses (a) Cost of Materials Consumed 50288 46158 39863 96446 77190 157181 (b) Changes in Inventories of Finished Goods and (375) 295 (366) (80) 339 (104) Work-in-Progress (c) Employee Benefits Expense 1624 1543 1389 3167 2711 5279 (d) Finance Costs 10 9 10 19 20 39 (e) Depreciation and Amortization Expense 655 574 579 1229 1128 2245 (f) Other Expenses 3337 3167 2715 6504 5061 11145 Total Expenses 55539 51746 44190 107285 86449 175785 Profit before Exceptional Items and Tax 8138 7464 6675 15602 13392 26698 Exceptional Items - - - - - 340 Profit before Tax 8138 7464 6675 15602 13392 26358 Tax Expense - Current Tax 2058 1922 1724 3980 3455 6896 - Deferred Tax 23 (11 ) (17) 12 (28) (169) - Total 2081 1911 1707 3992 3427 6727 Profit for the Period 6057 5553 4968 11610 9965 19631 Other Comprehensive Income A) (i) Items that will not be reclassified to Profit or Loss - - - - - 12 (ii) Income Tax relating to items that will not be reclassified - - - - - (3) to profit or loss B) (i) Items that will be reclassified to Profit or Loss - - - - - - (ii) Income Tax relating to items that will be - - - - - - reclassified to profit or loss Other Comprehensive Income (Net of Tax) - - - - - 9 Total Comprehensive Income for the Period 6057 5553 4968 11610 9965 19640 Paid-up Equity Share Capital (Face Value ~1 0) 1215 1215 1215 1215 1215 1215 Other Equity - - - - - 47677 Earning Per Share (not annualized) - Basic ~ 49.86 ~ 45.70 ~ 40.89 ~ 95.56 ~ 82.03 ~ 161.60 - Diluted ~ 49.84 ~ 45.70 ~ 40.88 ~ 95.54 ~ 82.01 ~ 161.56 f L kh
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SWARAJ ENGINES LIMITED CIN: L50210PB19B5PLC006473 Regd. Office: Phase IV, Industrial Area, S.A.S.Nagar (Mohali), Punjab -160 055 Tel: 0172-2271620-27. Fax: 0172-2272731, Email: selinvestor@swarajenterprise.com, Website: www.swarajenterprise.com STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2026 Balance Sheet as at 30th September 2026 Particulars As At As At 30.09.2026 31.03.2026 (Unaudited) (Audited) I. ASSETS Non-Current Assets (a) Property, Plant and Equipment 19964 10668 (b) Capital Work-in-Progress 2926 5481 (c) Investment Property 20 20 (d) Intangible Assets 1 1 (e) Financial Assets 88 2672 (f) Income tax assets (net) 112 291 (g) Other Non-Current Assets 349 841 (h) Deferred tax assets (net) 476 488 Total - Non-Current Assets 23936 20462 Current Assets (a) Inventories 7821 7481 (b) Financial Assets (i) Investments 4538 1926 (ii) Trade Receivables 24908 20618 (iii) Cash and Cash Equivalents 449 1726 (iv) Other Balances with Banks 5259 10457 (v) Other Financial Assets 350 3972 (c) Other Current Assets 17304 11241 Total - Current Assets 60629 57421 Total Assets 84565 77883 II. EQUITY AND LIABILITIES Equity (a) Equity Share Capital 1215 1215 (b) Other Equity 45932 47677 Total Equity 47147 48892 Liabilities Non-Current Liabilities (a) Financial Liabilities - Lease Liabilities 170 145 (b) Long Term Provisions 936 934 Total - Non-Current Liabilities 1106 1079 Current Liabilities (a) Financial Liabilities (i) Lease Liabilities 78 60 (ii) Trade Payables 31879 24826 (iii) Other Financial Liabilities 2849 2137 (b) Short Term Provisions 640 751 (c) Current Tax Liabilities 717 - (d) Other Current Liabilities 149 138 Total - Current Liabilities 36312 27912 Total - Equity And Liabilities 84565 77883 f Lakhs
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SWARAJ ENGINES LIMITED CIN: L50210PB19B5PLC006473 Regd. Office: Phase IV, Industrial Area, SAS.Nagar (Mohali), Punjab - 160055 Tel: 0172-2271620-27, Fax: 0172-2272731, Email: selinvestor@swarajenterprise.com, Website: www.swarajenterprise.com STA TEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2026 Statement of Cash Flow for the Half Year ended 30th September 2026 Particulars a s As At As At 30.09.2026 30.09.2025 (Unaudited) (Unaudited) A_ CASH FLOW FROM OPERATING ACTIVITIES Profit before Exceptional Items and Tax 15602 13392 Adjustments for: Depreciation and Amortization Expense 1229 1128 Employee Stock Compensation 10 11 Interest (Income)1 Expense (Net) (462) (893) (Profit)/Loss on Mutual Fund Investment (60) (112) (Profit)/Loss on disposal of Property, Plant and Equipment (Net) 24 13 Net gain on financial assets measured at FVTPL (3) (6) Operating Profit Before Working Capital Changes 16340 13533 Movements in working capital: (Increase)/Decrease in Trade and Other Receivables (9737) (1999) (Increase)/Decrease in Inventories (340) 474 (Decrease)/lncrease in Trade and Other Payables 6983 2197 Cash generated from Operations 13246 14205 Income taxes paid (Net) (3085) (2909) Net cash from Operating Activities 10161 11296 B_ CASH FLOW FROM INVESTING ACTIVITIES Investments (Purchase) I Sales - Net (2609) (2124) Bank Deposit Matured I (Placed) - Net 6699 6829 Other Corporate Deposits (Placed) I Matured - Net 3000 (1000) Interest received 481 913 Net Proceeds from disposal of Mutual Fund Investments 60 112 Purchase of Property, Plant and Equipment (6752) (1377) Changes in earmarked balances and margin accounts with banks 1089 (2484) Proceeds from disposal of Property, Plant and Equipment 10 12 Net cash from Investing Activities 1978 881 C_ CASH FLOW FROM FINANCING ACTIVITIES Repayment of lease liabilities (including interest) (41) (36) Dividends paid to Shareholders of the Company (13365) (12694) Equity Shares issued under ESOP* - - Interest and Finance Charges paid (10) (12) Net cash used in Financing Activities (13416) (12742) Net (Decrease) I Increase in Cash and Cash Equivalents (1,277) (565) Opening Balance of Cash and Cash Equivalents 1726 656 Closing Balance of Cash and Cash equivalents 449 91 f L kh * Equity Shares issued under ESOP as at 30.09.2026- Rs. Nil (30.09.2025- Rs. Nil) Notes: 1. The financial results for the quarter and half year ended 30th September, 2026 were reviewed by the Audit Committee and thereafter approved by the Board of Directors in their meeting held on 12th October, 2026.
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SWARAJ ENGINES LIMITED CIN : L50210PB1985PLC006473 Regd. Office: Phase IV, Industrial Area, SAS.Nagar (Mohali), Punjab - 160 055 Tel: 0172-2271620-27, Fax: 0172-2272731, Email: selinvestor@swarajenterprise.com, Website: www.swarajenterprise.com STA TEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2026 2. In compliance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, a limited review of the above financial results has been carried out by the Statutory Auditors. 3. These financial results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34 'Interim Financial Reporting' prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles relevant thereto. 4.The Company is primarily engaged in the business of manufacturing of diesel engines, diesel engine components and spare parts which constitutes a single business segment. The Chief Operating Decision Maker monitors and reviews the performance of the aforesaid single business segment. Considering that there is only one reportable segment, there are no additional disclosures to be provided under Ind AS 108 - Segment information. The Company operates only in India. 5. The Company have no Subsidiary, Associate or Joint Venture company(ies), as on 30th September, 2026. 6. Previous year/period figures have been regrouped / recast, wherever necessary, to make them comparable. for and on behalf of the Board of Directors Place: SAS. Nagar (Mohali) Date: 12th October, 2026 s~ Whole Time Director & Chief Executive Officer DIN: 11745844
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B. K. Khare & Co. Chartered Accountants 706/708, Sharda Chambers, New Marine Lines, Mumbai - 400 020, India Independent Auditors' Review Report on the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026 pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) The Board of Directors Swaraj Engines Limited 1. We have reviewed the accompanying Statement of Unaudited Financial Results ("the Statement"), of Swaraj Engines Limited ("the Company") for the quarter and half year ended September 30, 2026, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ("Listing Regulations"). 2. The Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ("lnd AS 34"), prescribed under Section 133 of the Companies Act, 2013 ("the Act"), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards of Auditing specified under Section 143(10) ofthe Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For B. K. Khare & Co. Chartered Accountants Firm Registration No. 105102W S y,J~ ~ Karthik Srinivasan Partner Membership No. 215782 UDIN: 26215782NJYDRP7142 Place; Chennai Date: October 12, 2026
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Swaraj Engines Ltd. Press Release Swaraj Engines Reports Growth in Q2 Sales and Profit 12th October 2026: The Board of Directors of Swaraj Engines Limited (SEL) today approved the financial results of the company for the second quarter, and the half year ended 30th September 2026. Q2 FY27 (Jul. - Sept. 2026) Supported by sustained customer demand, the Company continued its growth and recorded engine sales of 61,216 units during the quarter ended 30th September 2026, compared to 51,164 units in the corresponding quarter last year. Net Operating Revenue for the second quarter reached Rs. 635.19 crores compared to Rs. 504.04 crores for the same period last year. The Operating Profit for the quarter increased to Rs. 86.45 crores compared to last year's Rs. 68.03 crores - up by 27.1 %. While the PST stood at Rs. 81.38 crores - grew by 21.9% (last year Rs. 66.75 crores), the PAT at RS.60.57 crores registered a growth of 21.9% over last year's Rs. 49.68 crores - the highest ever PST & PAT. The financial summary for Q2 is given below: Rs. Crores FY27 FY26 Engine Sale Volume (Nos.) 61216 51164 Net Operating Revenue 635.19 504.04 Operating Profit 86.45 68.03 Profit Before Tax (PBT) 81.38 66.75 Profit After Tax (PAT) 60.57 49.68 H1 FY27 (Apr. - Sept. 2026) The Company continued to see steady demand and recorded its half-yearly engine sales in H1 FY27 at 118,019 units, compared to 100,204 units in the corresponding period of the previous year - up by 17.8%. On the Net Operating Revenue of Rs. 1223.58 crores (last year Rs. 988.14 crores) for the said period, the company posted a Profit Before Tax of Rs. 156.02 crores (last year Rs. 133.92 crores) - up 16.5% and Profit After Tax of Rs. 116.10 crores (last year Rs. 99.65 crores) - up by 16.5%. About Swaraj Engines Ltd. Swaraj Engines Limited (SEL) was set up in 1985 in Mohali, Punjab. SEL is primarily in the business of supplying engines to the Swaraj Division of Mahindra & Mahindra Ltd. (M&M). For further information please contact: Mr. Sanjay Kshirsagar Whole Time Director & CEO Swaraj Engines Ltd.
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SWARAJ ENGINES LIMITED CIN : l50210PB1985PlC006473 Regd. Office: Phase IV, Industrial Area, S.A.S.Nagar (Mohali), Punjab - 160055 Tel: 0172-2271620-27, Fax: 0172-2272731, Email: selinveslor@swarajenterprise.com, Website: www.swarajenterprise.com EXTRACT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2026 a s Quarter Ended Half Year Ended Quarter Ended S.No. Particulars 30.09.2026 30.09.2026 30.09.2025 (Unaudited) (Unaudited) (Unaudited) 1 Total Income from Operations 63519 122358 50404 2 Net Profit for the period (before tax and exceptional items) 8138 15602 6675 3 Net Profit for the period before tax (after exceptional items) 8138 15602 6675 4 Net Profit for the period after tax (after exceptional items) 6057 11610 4968 Total Comprehensive Income for the period [Comprising 5 Profit for the period (after tax) and Other Comprehensive 6057 11610 4968 Income {after tax)l 6 Paid-up Equity Share Capital (Face Value ~101-) 1215 1215 1215 7 Other Equity - - - 8 Earning Per Share (of ~10 each) (not annualized) - Basic ~ 49.86 ~ 95.56 ~ 40.89 - Diluted ~ 49.84 ~ 95.54 ~ 40.88 H kh NOTES: 1. The financial results for the quarter and half year ended 30th September, 2026 were reviewed by the Audit Committee and thereafter approved by the Board of Directors in their meeting held on 12th October, 2026. The Statutory Auditors of the Company has conducted a Limited Review of the said financial results. 2.The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Quarterly Financial Results are available on the Stock Exchange Websites, www.nseindia.com and www.bseindia.com, and on the Company's website www.swarajenterprise.com. Place: SAS. Nagar (Mohali) Date: 12th October, 2026 for and on behalf of the Board of Directors san&- Whole Time Director & Chief Executive Officer DIN: 11745844