Swan Defence and Heavy Industries Limited has informed the Exchange regarding a press release dated May 27, 2026 on the Consolidated and Standalone Audited Financial Results for the quarter and year ended March 31, 2026.
SWANDEF · price
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Swan Defence and Heavy Industries Limited (SDHI) reported a landmark turnaround in FY26 with Total Income of ~₹440 Crores, a massive jump from ₹17.5 Crores in FY25. The company posted an Adjusted PAT of ₹34.5 Crores after exceptional losses on legacy OSV sales. SDHI successfully concluded its CIRP Resolution Plan by prepaying creditor obligations ahead of schedule. The company secured an order book of ~$500 million, including landmark orders for 6 chemical tankers from Rederiet Stenersen AS, 4 ammonia dual-fuel bulk carriers for Energy ONE Limited, and a defence export order from the Sultanate of Oman. The promoters also completed an OFS aggregating ~₹500 Crores, diluting ~5% equity at a valuation of ~₹10,000 Crores.
The sharp turnaround from near-zero revenue to ₹440 Crores, combined with a $500M order book, signals strong recovery potential and execution capability under new management, which could be positive for the stock. The successful CIRP closure and OFS at a ₹10,000 Crores valuation also indicate improved financial health and investor confidence.