Swan Energy Share Price Rises 5.67% on Jan 29, 2025

Swan Energy Limited has been in focus on Wednesday. On January 29, 2025, Swan Energy share price opened at ₹542.65, up from its previous close of ₹530.05. At 10:42 AM, the share price of Swan Energy was trading at ₹560.10, up by 5.67% on the NSE. The stock price touched its day’s high so far at ₹562.00.

Recent Developments

Earlier this month, on January 2, 2025, the company provided an update regarding the acquisition of Reliance Naval and Engineering Limited (RNEL) through a Special Purpose Vehicle, Hazel Infra Limited (HIL). The company also stated that as a part of this acquisition process, the National Company Law Tribunal (NCLT) has approved the change of RNEL’s name to “Swan Defence and Heavy Industries Limited,” effective January 2, 2025. The change follows the receipt of a fresh Certificate of Incorporation from the Registrar of Companies, Ahmedabad, reflecting the new name.

Q2 and H1 FY 2025 Financial Highlights

For the quarter ended September 2024, the total income stood at ₹1,06,350.90 lakh, reflecting a decrease compared to ₹1,16,155.45 lakh in the previous quarter (June 2024) and ₹1,23,010.97 lakh for the same quarter in the previous year (September 2023). The net profit after tax (PAT) for Q2 FY25 was ₹6,713.01 lakh, a decline compared to ₹26,767.32 lakh in Q1 FY25 and ₹16,556.60 lakh in Q2 FY24.

For the half-year ended September 2024, the total income reached ₹2,22,506.35 lakh, up from ₹2,03,855.38 lakh for the same period in the previous year. However, the net profit after tax for the first half of FY25 was ₹33,480.33 lakh, showing an increase from ₹31,038.72 lakh during the same period in FY24.

About Swan Energy Limited

Swan Energy Limited (SEL) was initially incorporated in 1909 as Swan Mills Ltd (SML). The company is into the manufacturing and marketing of cotton and polyester textile products in India. Over time, the company diversified its operations and is now involved in real estate development. SEL is currently working on the construction of a Floating Storage and Regasification Units (FSRU)-based liquid natural gas (LNG) import terminal in Jafrabad, Gujarat.

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