Swan Energy Limited, listed on the Bombay Stock Exchange as BSE Swan Energy, is making waves yet again.
The company is all set to establish India’s second-largest solar plant, thanks to a significant project secured in Karnataka.
Swan Limited is steadily progressing towards becoming a powerhouse in the energy sector.
A Sustainable Future Beckons with Karnataka Project
Swan Energy Limited recently clinched a pivotal contract with the Government of Karnataka, propelling them into the spotlight.
They’ve earned the opportunity to spearhead the creation of India’s second-largest solar plant.
This project underscores Swan Energy’s unwavering dedication to a sustainable future, further solidifying its position as a leading energy player.
Surprising Financial Performance
Analysts and investors were taken aback by Swan Energy Limited’s remarkable financial performance in the June quarter.
With the company’s current stock value resting at Rs 310, they have their sights set on a two-year target of Rs 5000. Here’s a snapshot of their outstanding Q2 results:
Consolidated Net Sales: ₹804.30 crore, a staggering 208.89% YoY growth.
Consolidated Net Profit: ₹144.82 crore, an impressive 649.51% YoY increase.
EBITDA: ₹241.50 crore, a remarkable 2972.52% YoY growth.
Earnings Per Share (EPS): ₹5.41, showcasing an outstanding 288.89% YoY performance.
These figures can largely be attributed to the surge in liquefied natural gas (LNG) prices and heightened activity at Swan Energy’s Jaffrabad LNG terminal. Notably, the absence of unexpected shutdowns during the quarter played a pivotal role in the company’s triumphant performance.
