Swan Defence and Heavy Industries Ltd

Swan Defence and Heavy Industries Ltd share price slipped 1.49% to Rs 2584.8 after the company's net profit plunged by 70.68% to Rs 41.68 crore, while revenue from operations nosedived 87.05% to Rs 30.61 crore in Q2FY26 over Q1FY26. The market capitalization of Ship Building & Allied Services industry group stocks on BSE stood at Rs 1.55 lakh crore, crashing by 18.05%. It has inched up 6.50% over last one week and crept higher by 0.43% in last one month while the market capitalization of Swan Defence and Heavy Industries Ltd has marginally improved by 1.83% and 34.82% in the same period respectively. Profit before tax (PBT) of Swan Defence and Heavy Industries Ltd stood at Rs 41.68 crore in Q2 FY26, rallying 35.37% year-on-year, and nosediving by 70.68% quarter-on-quarter. EBITDA came in at Rs 32 crore, tanking 35.57% YoY and plunging by 91.61% sequentially. Total expenses slumped by 86.76% to Rs 66.73 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 0.45 crore, slumping by 80.43% YoY, while employee benefits expense was at Rs 12.36 crore, jumping 23.23% YoY. For the TTM ended FY26, revenue from operations remained flat to Rs 7.03 crore, while net profit surged by 49.18% to Rs 181.04 crore, compared to previous TTM. EBITDA tumbled by 4001% to Rs 118.47 crore, and PBT surged 49.18% to Rs 181.04 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 96.21 crore in FY26, as against Rs 70.15 crore in FY25. Swan Defence and Heavy Industries Ltd jumped 594.19% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 3.04% during the same period.

Swan Defence and Heavy Industries Ltd share price slipped 3.59% to Rs 2623.8 after the company's net profit plunged by 70.68% to Rs 41.68 crore, while revenue from operations dropped sharply 87.05% to Rs 30.61 crore in Q2FY26 over Q1FY26. The market capitalization of Ship Building & Allied Services industry group stocks on BSE stood at Rs 1.55 lakh crore, tanking 18.05%. It has inched up 5.97% over last one week and crept higher by 0.58% in last one month while the market capitalization of Swan Defence and Heavy Industries Ltd has improved by 2.55% and 37.85% in the same period respectively. Profit before tax (PBT) of Swan Defence and Heavy Industries Ltd stood at Rs 41.68 crore in Q2 FY26, rallying 35.37% year-on-year, and crashing by 70.68% quarter-on-quarter. EBITDA came in at Rs 32 crore, tumbling by 35.57% YoY and nosediving by 91.61% sequentially. Total expenses saw a steep drop of 86.76% to Rs 66.73 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 0.45 crore, registering a fall of 80.43% YoY, while employee benefits expense was at Rs 12.36 crore, witnessing a strong rise of 23.23% YoY. For the TTM ended FY26, revenue from operations remained flat to Rs 7.03 crore, while net profit saw a strong growth of 49.18% to Rs 181.04 crore, compared to previous TTM. EBITDA tumbled by 4001% to Rs 118.47 crore, and PBT witnessed a strong rise of 49.18% to Rs 181.04 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 96.21 crore in FY26, as against Rs 70.15 crore in FY25. Swan Defence and Heavy Industries Ltd jumped 604.66% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 2.56% during the same period.

Swan Defence and Heavy Industries Limited, formerly Reliance Naval and Engineering Limited, has secured a contract from Denmark-based Svitzer A/S to construct four TRAnsverse 3200 tugs, with deliveries scheduled to begin in early 2028. The order, which follows a competitive evaluation of global shipyards, will see the vessels built at SDHI’s yard in Pipavav, Gujarat, and reflects Svitzer’s commitment to the Indian maritime sector and government initiatives including Maritime India Vision 2030, Make in India, and Atmanirbhar Bharat.

Swan Defence and Heavy Industries Limited, formerly Reliance Naval and Engineering Limited, will hold a board meeting on Tuesday, August 11, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The trading window for securities of the company will remain closed for designated persons and their immediate relatives from July 1, 2026, and will reopen 48 hours after the declaration of the financial results.

Swan Defence & Heavy Industries announced that the 29th Annual General Meeting(AGM) of the company will be held on 2 September 2026.

Net Loss of Swan Defence and Heavy Industries reported to Rs 142.22 crore in the quarter ended March 2026 as against net loss of Rs 22.89 crore during the previous quarter ended March 2025. Sales rose 4712.22% to Rs 236.28 crore in the quarter ended March 2026 as against Rs 4.91 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 225.97 crore in the year ended March 2026 as against net loss of Rs 181.04 crore during the previous year ended March 2025. Sales rose 3913.37% to Rs 282.14 crore in the year ended March 2026 as against Rs 7.03 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales236.284.91 4712 282.147.03 3913 OPM %-105.98-192.26 --109.79-1535.85 - PBDT-124.64-4.74 -2530 -162.64-117.94 -38 PBT-142.15-20.66 -588 -225.91-178.82 -26 NP-142.22-22.89 -521 -225.97-181.04 -25 Powered by Capital Market - Live

Swan Defence & Heavy Industries will hold a meeting of the Board of Directors of the Company on 27 May 2026.

Swan Defence & Heavy Industries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 25 May 2026.

The order is classified as Category 4, indicating a value between Rs 1,501 crore and Rs 3,000 crore. The vessels, to be built for Energy ONE, will be among the largest ever constructed at an Indian shipyard. It will feature next-generation ammonia-based propulsion systems aligned with global decarbonisation trends. The project reflects the company's capability in complex shipbuilding. It also aligns with the global shift toward low-emission shipping. The first vessel is expected to be delivered in October 2029. Subsequent deliveries will follow at four-month intervals. Swan Defence and Heavy Industries, formerly known as Reliance Naval and Engineering, is a leading shipbuilding and heavy fabrication company in India. The company had reported a consolidated net loss of Rs 33.11 crore in the quarter ended December 2025 as against net loss of Rs 53.35 crore during the previous quarter ended December 2024. Sales surged to Rs 5.87 crore in Q3 FY26 from Rs 1.16 crore in Q3 FY25.

Swan Defence and Heavy Industries (SDHI) has secured a Category 4 order (valued between Rs 1,500 crore to Rs 3,000 crore) from Energy ONE for the construction of four (4) 92,500 DWT dual-fuel ammonia bulk carriers - marking a first for the country. These will be the first ammonia dual-fuel ships built in India and are also among the largest commercial vessels ever to be built at an Indian shipyard, representing a significant step forward in both technological capability and scale for the domestic shipbuilding industry. This milestone underscores SDHI's growing capability to execute complex, next-generation shipbuilding programs aligned with the global transition toward lower-emission shipping. Measuring 229.5m in length with a beam of 37m, each of the dual-fuel vessels will be equipped with ammonia-fuelled propulsion system. The vessels will be designed by KMS-EMEC, South Korea and classed by Det Norske Veritas (DNV) - one of the leading Class societies in the world. Commenting on the development, Vivek Merchant, Director, Swan Defence and Heavy Industries (SDHI), said, 'Winning this project is an important step forward for us. It reflects the confidence global stakeholders are placing in Indian shipbuilding, and in the capabilities, we have developed at Pipavav. Ammonia as a marine fuel is still at an early stage, and we are proud to be part of that transition - building vessels that are not just relevant for today but aligned with where the industry is heading.' The first vessel is expected to be delivered in October 2029, with subsequent deliveries scheduled at four-month intervals.