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Swaraj Engines Posts its Ever Best Q3 Performance
Posted On: 2021-01-22 05:01:55 (Time Zone: Arizona, USA)
The Board of Directors of Swaraj Engines Limited (SEL) met today to consider and approve the financial results for the third quarter and nine month period ended 31st December, 2020.
Q3 FY21 (Oct. - Dec. 2020)
The tractor industry remained on the strong growth trajectory in the third quarter as well. Consequently, riding on the increased engine demand from the Company s key customer, Swaraj Engines Limited posted its ever best third quarter performance in terms of engine sales and profits. While the engine sales of 31,193 units for Q3 FY21 registered a growth of 57.6% over 19,797 units sold during corresponding quarter last year, Profit Before Tax (PBT) at Rs. 33.63 crores was higher by 94.1 % over same period last year.