Swan Energy Profit Surges Despite Revenue Slump

Swan Energy Ltd reported a net profit of ₹30.18 million for the January–March quarter, up sharply from ₹1.83 million a year earlier, even as revenue plunged 64.6% to ₹423.23 million. On a sequential basis, profit rose 91.9%, while revenue increased 50.4%. Other income climbed to ₹97.58 million from ₹59.99 million.

Total expenditure, including finance costs, fell to ₹492.64 million, down from ₹1.25 billion a year earlier. Finance costs plunged 97.5% to ₹451,000. The company recorded a tax write-back of ₹2 million, compared with a tax expense of ₹3.73 million a year earlier.

For 2024–25, net profit surged more than fourfold to ₹90.55 million, though revenue from operations dropped 64.9% to ₹1.35 billion. The board declared a dividend of ₹0.10 per share and approved a proposal to rename the company Swan Corp. Ltd., subject to regulatory and shareholder approval.