Swan Energy logs record Rs 6,884 crore income in FY25

United News of India

4 days ago

Mumbai, May 30 (UNI) Swan Energy Limited has reported its highest-ever income and profitability for the financial year ended March 31, 2025, with consolidated income rising by 35 per cent to ₹6,884 crore and profit after tax (PAT) surging by 49 per cent to ₹874 crore.
The company had posted an income of ₹5,100 crore and PAT of ₹586 crore in FY24.
The diversified Indian conglomerate, with interests in textiles, real estate, oil and gas, shipbuilding and heavy fabrication, also saw its EBITDA rise sharply by 90 per cent to ₹1,804 crore in FY25, as against ₹951 crore in the previous fiscal. The EBITDA margin improved to 26.2 per cent from 18.6 per cent a year earlier.
According to the company's regulatory filing, the improved financial performance was driven by significant debt reduction following a ₹3,320 crore Qualified Institutions Placement (QIP), successful commissioning of shipyard operations under Swan Defence and Heavy Industries (SDHI), and progress across its real estate and energy verticals.
SDHI, formerly Reliance Naval and Engineering Ltd, resumed operations and delivered three refits ahead of schedule for the Indian Coast Guard. The company has also signed strategic MoUs with major shipbuilding players.
In the real estate segment, the company's flagship residential project Cardinal One in Yeshwanthpur, Bengaluru received its Occupation Certificate, with over 90 per cent of the units sold.
In the LNG business, subsidiary Triumph Offshore Pvt Ltd sold its Floating Storage and Regasification Unit (FSRU) 'Vasant-1' for around $399 million. The onshore LNG terminal at Jafrabad, Gujarat is nearing completion, with long-term regasification agreements secured with public sector undertakings including GSPC, BPCL, IOCL, and ONGC.
Commenting on the results, Managing Director Mr Nikhil Merchant said the financial year marked a significant milestone in Swan Energy's journey. "Our highest ever revenue and profitability reflect the strength of our diversified business model and prudent financial management," he said.
He added that the groundwork laid across verticals, including new energy and shipbuilding, has positioned the company well to capitalise on emerging opportunities.
UNI BDN SSP