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Swaraj Engines reports 12% fall in Q2 net profit

19 Oct 2015 Evaluate

Swaraj Engines has reported results for second quarter ended September 30, 2015.

The company has reported 12.35% fall in its net profit at Rs 15.54 crore for the quarter ended September 30, 2015 as compared to Rs 17.73 crore for the same quarter in the previous year. The company’s total income from operations has decreased by 8.41% to Rs 153.18 crore for the quarter under review from Rs 167.24 crore for the corresponding quarter of the previous year.

Swaraj Engines is a joint venture between erstwhile Punjab Tractors (PTL), which has since been merged with Mahindra & Mahindra (M&M) and Kirloskar Oil Engines. (KOEL). Originally set up to manufacture engines for PTL, in recent years SEL has also been a supplier of hi-tech engine components to Swaraj Mazda (SML).

Swaraj Engines Share Price

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Company Name CMP
Cummins India 5141.75
Greaves Cotton 161.40
Swaraj Engines 4049.20
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