Swan Defence reports ₹566 crore Q2 profit after provision reversal
CNBC-TV18 says Swan Defence earned ₹566.44 crore in Q2 versus a ₹0.55 crore loss a year earlier, helped by excess provision write-backs.
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what happened
According to CNBC-TV18, Gujarat-based Swan Defence and Heavy Industries Ltd posted net profit of ₹566.44 crore for the second quarter on Monday, October 12. The company had recorded a ₹0.55 crore loss in the same period a year earlier. Its financial statements said the latest profit included the reversal of surplus provisions created in prior years.
Operating revenue climbed 74% year on year to ₹69 crore from ₹40 crore and was 125% higher than in the preceding quarter. EBITDA nevertheless remained negative at a loss of ₹17.02 crore, versus ₹7.97 crore in the year-earlier quarter. The EBITDA margin was -24.72%, compared with -20.15% previously. Quarter on quarter, the loss narrowed from ₹21 crore and the margin improved from -69%. Shares closed on the BSE at ₹2,874.55, up ₹136.85, or 5.00%.
why it matters
The headline profit was supported by the provision reversal, while operating profitability remained negative. Revenue growth and the narrower quarterly EBITDA loss provide market context for assessing the company’s performance.
instruments
sources
- Swan Defence swings to ₹566 crore net profit in Q2 on provision write-back — cnbctv18.com, 12 October 2026 at 15:57 UTC
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