Integrated Filing — IndAS



General information about company

Scrip Code 500407
NSE Symbol SWARAJENG
MSEI Symbol NOTLISTED
ISIN INE277A01016
Name of company SWARAJ ENGINES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 16-10-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 01-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Diesel Engine and its components
Start date and time of board meeting 16-10-2025   12:00:00
End date and time of board meeting 16-10-2025   13:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 17-01-2025
Indicate Company website link for updated RPT policy of the Company https://swarajenterprise.com/policies
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Company does not have any loan and debt security.



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 50,404.00 98,814.00
Other income 461.00 1,027.00
Total income 50,865.00 99,841.00
2 Expenses
(a) Cost of materials consumed 39,863.00 77,190.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (366.00) 339.00
(d) Employee benefit expense 1,389.00 2,711.00
(e) Finance costs 10.00 20.00
(f) Depreciation, depletion and amortisation expense 579.00 1,128.00
(f) Other Expenses
1 Other Expenses 2,715.00 5,061.00
Total other expenses 2,715.00 5,061.00
Total expenses 44,190.00 86,449.00
3 Total profit before exceptional items and tax 6,675.00 13,392.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 6,675.00 13,392.00
6 Tax expense
7 Current tax 1,724.00 3,455.00
8 Deferred tax (17.00) (28.00)
9 Total tax expenses 1,707.00 3,427.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 4,968.00 9,965.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 4,968.00 9,965.00
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period 4,968.00 9,965.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1,215.00 1,215.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 40.89 82.03
Diluted earnings (loss) per share from continuing operations 40.88 82.01
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 40.89 82.03
Diluted earnings (loss) per share from continuing and discontinued operations 40.88 82.01
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 11,177.00
Capital work-in-progress 521.00
Investment property 20.00
Goodwill 0.00
Other intangible assets 2.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 3,452.00
Total non-current financial assets 3,452.00
Deferred tax assets (net) 346.00
Other non-current assets 827.00
Total non-current assets 16,345.00
2 Current assets
Inventories 7,361.00
Current financial asset
Current investments 4,049.00
Trade receivables, current 19,881.00
Cash and cash equivalents 91.00
Bank balance other than cash and cash equivalents 13,629.00
Loans, current 0.00
Other current financial assets 3,715.00
Total current financial assets 41,365.00
Current tax assets (net) 0.00
Other current assets 2,061.00
Total current assets 50,787.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 67,132.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,215.00
Other equity 37,987.00
Total equity attributable to owners of parent 39,202.00
Non controlling interest
Total equity 39,202.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 160.00
Total non-current financial liabilities 160.00
Provisions, non-current 765.00
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities 0.00
Total non-current liabilities 925.00
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 10,435.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 13,835.00
Total Trade payable 24,270.00
Other current financial liabilities 1,601.00
Total current financial liabilities 25,871.00
Other current liabilities 113.00
Provisions, current 474.00
Current tax liabilities (Net) 547.00
Deferred government grants, Current 0.00
Total current liabilities 27,005.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 27,930.00
Total equity and liabilites 67,132.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Amount of items that will not be reclassified to profit and loss 0 0
Total Amount of items that will not be reclassified to profit and loss 0.00 0.00
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
1 Amount of items that will be reclassified to profit and loss 0 0
Total Amount of items that will be reclassified to profit and loss 0.00 0.00
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 0.00 0.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 13,392.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0.00
Adjustments for decrease (increase) in inventories 474.00
Adjustments for decrease (increase) in trade receivables, current (2,159.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 146.00
Adjustments for decrease (increase) in other non-current assets 3.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 11.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 2,155.00
Adjustments for increase (decrease) in trade payables, non-current 33.00
Adjustments for increase (decrease) in other current liabilities (64.00)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,128.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 73.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 893.00
Adjustments for share-based payments 11.00
Adjustments for fair value losses (gains) (6.00)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 13.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 925.00
Net cash flows from (used in) operations 14,317.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 2,909.00
Other inflows (outflows) of cash (112.00)
Net cash flows from (used in) operating activities 11,296.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 12.00
Purchase of property, plant and equipment 1,377.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 913.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 1,333.00
Net cash flows from (used in) investing activities 881.00
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 0.00
Payments of lease liabilities 36.00
Dividends paid 12,694.00
Interest paid 12.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (12,742.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (565.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (565.00)
Cash and cash equivalents cash flow statement at beginning of period 656.00
Cash and cash equivalents cash flow statement at end of period 91.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 B.K. Khare and Co. Yes 31-03-2028


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Swaraj Engines Limited Mahindra & Mahindra Ltd. Holding Company Sale of goods or services 2,00,000.00 Approved by Audit Committee 98,185.64 17,722.29 19,880.67
2 Swaraj Engines Limited Mahindra & Mahindra Ltd. Holding Company Purchase of goods or services 10,000.00 Approved by Audit Committee 1,685.12 0.00 0.00
3 Swaraj Engines Limited Mahindra & Mahindra Ltd. Holding Company Any other transaction Deputation of Personnel from Related Parties 1,250.00 Approved by Audit Committee 291.75 0.00 0.00
4 Swaraj Engines Limited Mahindra & Mahindra Ltd. Holding Company Any other transaction Reimbursement to Parties 350.00 Approved by Audit Committee 211.19 (159.47) (38.19)
5 Swaraj Engines Limited Mahindra & Mahindra Ltd. Holding Company Any other transaction Other Income 22.00 Approved by Audit Committee 8.40 0.00 0.00
6 Swaraj Engines Limited Mahindra & Mahindra Ltd. Holding Company Any other transaction Reimbursement from Parties 108.00 Approved by Audit Committee 4.01 0.00 0.00
7 Swaraj Engines Limited Mahindra & Mahindra Ltd. Holding Company Dividend paid Refer Note 6,616.04 0.00 0.00 Textual Information(1)
8 Swaraj Engines Limited Mahindra and Mahindra Financial Services Ltd. Subsidiary of Holding Company (M&M) Any other transaction Other expenses 100.00 Approved by Audit Committee 29.22 0.00 0.00
9 Swaraj Engines Limited Mahindra Summit Agriscience Ltd. Joint Venture of Holding Company (M&M) Any other transaction Other Income 3.00 Approved by Audit Committee 0.82 0.12 0.04
10 Swaraj Engines Limited Mahindra Logistics Ltd. Subsidiary of Holding Company (M&M) Purchase of goods or services 100.00 Approved by Audit Committee 10.16 0.00 (0.04)
11 Swaraj Engines Limited Mahindra Integrated Business Solutions Pvt. Ltd. Subsidiary of Holding Company (M&M) Purchase of goods or services 150.00 Approved by Audit Committee 54.59 (0.40) (8.53)
12 Swaraj Engines Limited Mahindra Integrated Business Solutions Pvt. Ltd. Subsidiary of Holding Company (M&M) Any other transaction Reimbursement from Parties 5.00 Approved by Audit Committee 0.08 0.00 0.00
13 Swaraj Engines Limited Erkunt Traktor Sanayii Anonim Sirketi Subsidiary of Holding Company (M&M) Any other transaction Reimbursement from Parties 10.00 Approved by Audit Committee 1.65 0.00 0.00
14 Swaraj Engines Limited S Nagarajan KMP (Independent Director) Any other transaction Sitting Fees & Commission Refer Note 9.50 0.00 0.00 Textual Information(2)
15 Swaraj Engines Limited Nikhilesh Panchal KMP (Independent Director) Any other transaction Sitting Fees & Commission Refer Note 7.20 0.00 0.00 Textual Information(3)
16 Swaraj Engines Limited Rajya Vardhan Kanoria KMP (Independent Director) Any other transaction Sitting Fees & Commission Refer Note 9.55 0.00 0.00 Textual Information(4)
17 Swaraj Engines Limited Smita Mankad KMP (Independent Director) Any other transaction Sitting Fees & Commission Refer Note 7.90 0.00 0.00 Textual Information(5)
18 Swaraj Engines Limited Devjit Sarkar KMP (Whole Time Director & Chief Executive Officer) Remuneration Refer Note 90.69 0.00 0.00 Textual Information(6)
19 Swaraj Engines Limited Mahesh Gupta KMP (Chief Financial Officer) Remuneration Refer Note 41.79 0.00 0.00 Textual Information(7)
20 Swaraj Engines Limited Rajesh Kumar Kapila KMP (Company Secretary) Remuneration Refer Note 10.12 0.00 0.00 Textual Information(8)
21 Swaraj Engines Limited Geeta Kharat KMP (Compliance Officer) Remuneration Refer Note 7.23 0.00 0.00 Textual Information(9)
Total value of transaction during the reporting period 1,07,282.65



Text Block

Textual Information(1) Dividend is paid as approved by the shareholders of the Company in its 39th Annual General Meeting held on 15th July, 2025.
Textual Information(2) The amount mentioned represents sitting fees and commission as approved by the Board.
Textual Information(3) The amount mentioned represents sitting fees and commission as approved by the Board.
Textual Information(4) The amount mentioned represents sitting fees and commission as approved by the Board.
Textual Information(5) The amount mentioned represents sitting fees and commission as approved by the Board.
Textual Information(6) The amount mentioned represents remuneration as approved by NRC, Board & Shareholders and excludes stock option from Holding Company - Mahindra & Mahindra Limited.
Textual Information(7) The amount mentioned represents remuneration as approved by NRC & Board and excludes stock option from Holding Company - Mahindra & Mahindra Limited.
Textual Information(8) The amount mentioned represents remuneration as approved by NRC & Board and excludes stock option from Holding Company - Mahindra & Mahindra Limited.
Textual Information(9) The amount mentioned represents remuneration as approved by NRC & Board and excludes stock option from Holding Company - Mahindra & Mahindra Limited.