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).
Company Name | CMP |
---|---|
Cummins India | 3713.80 |
Greaves Cotton | 123.35 |
Swaraj Engines | 2465.00 |
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