Swaraj Engines has reported results for first quarter ended June 30, 2012.
The company has posted a rise of 22.77% in its net profit at Rs 16.82 crore for the quarter under review as compared to Rs 13.70 crore for the same quarter in the previous year. Total income has increased by 24.54% at Rs 147.16 crore for Q1FY13 as compared Rs 118.16 crore for the corresponding quarter previous year.
SEL 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).
