Swan Energy Share Price Falls 1.5%; Down for the 2nd Straight Day

Swan Energy’s share price is currently trading at ₹685.95, reflecting a decline of ₹10.90 as of 11:45 AM. The stock opened at ₹698.00, reached a high of ₹702.70, and dipped to a low of ₹683.65. This marks the second consecutive day of losses, following a 4.05% drop yesterday, which erased the gains from January 7, 2025.

Recent Business Developments 

In a recent business development on January 02, 2025, Swan Energy informed exchanges, that the company and its special purpose vehicle, Hazel Infra Limited, successfully acquired Reliance Naval and Engineering Limited.

This acquisition led to the renaming of RNEL to “Swan Defence and Heavy Industries Limited” as of January 2, 2025, following approval from the Registrar of Companies.

In another business development, the company informed exchanges that it has entered into a heads of agreement with AG&P LNG to jointly develop LNG supply ventures. This collaboration will involve setting up joint ventures for LNG supply and regasification, with Swan Energy holding a 51% stake, and AG&P LNG the remaining 49%.

Swan Energy Q2 FY25 Results Highlights

Swan Energy’s Q2 FY25 results showed a 39.38% drop in net profit to ₹51.27 crore compared to the same period last year, attributed to a 15.61% decrease in revenue to ₹1,032.19 crore.

Profit before tax fell by 67.82%, while expenses were reduced by 4.33%. Significant revenue declines were observed across its textile, energy, and construction segments. However, on a half-year basis, the company saw a 19.27% increase in net profit and a 7.21% rise in revenue

About Swan Energy

Swan Energy operates in various sectors including textiles, real estate, and energy. The company produces fabrics such as cotton, polyester-cotton, and linen, and engages in the development of residential and commercial properties. Swan Energy also operates a liquefied natural gas (LNG) terminal in Gujarat with a 10MMTPA capacity and is involved in power generation, warehousing, and petrochemical manufacturing.

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