Swan Defence Q2 FY27: Posts ₹395 Crore Profit on Standalone Basis
Swan Defence reported standalone profit of ₹395.27 Lakhs for Q2 FY27, a turnaround from a loss. Consolidated profit was ₹320.59 Lakhs. The company completed the amalgamation of Triumph Offshore Private Limited, effective September 17, 2026, and restated financials. A tax provision of ₹56,315.17 Lakhs was written back.
The announcement of profitable results after a period of losses, coupled with the completion of a major corporate action like amalgamation and the write-back of a substantial tax provision, is expected to have a significant impact on the company's financial standing and investor perception.
The company has reported a significant turnaround from losses to profits on both standalone and consolidated bases for the quarter and half-year ended September 30, 2026. The successful amalgamation and subsequent write-back of a tax provision further contribute to the positive sentiment.
Swan Defence and Heavy Industries Limited announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The Board of Directors approved these results during a meeting held on October 12, 2026, which commenced at 2:45 PM and concluded at 5:45 PM.
On a standalone basis, the company reported a profit of ₹395.27 Lakhs for the quarter ended September 30, 2026, a significant improvement from a loss of ₹4,157.59 Lakhs in the previous quarter. For the half-year ended September 30, 2026, the standalone profit stood at ₹52,552.84 Lakhs, compared to a loss of ₹1,600.97 Lakhs in the corresponding period of the previous year.
Consolidated financial results also indicated a turnaround, with a profit of ₹320.59 Lakhs for the quarter ended September 30, 2026, a substantial recovery from a loss of ₹4,165.81 Lakhs in the prior quarter. The consolidated profit for the half-year ended September 30, 2026, was ₹52,477.94 Lakhs, a marked improvement from a loss of ₹1,516.61 Lakhs in the same period last year.
The company also provided an update on the amalgamation of Triumph Offshore Private Limited, which became effective on September 17, 2026. Following the amalgamation, the company approved the allotment of 159,49,68,750 preference shares of ₹10 each to the equity shareholders of the transferor company. The financial information has been restated to reflect the amalgamation from the appointed date of April 1, 2024.
Additionally, a tax provision of ₹56,315.17 Lakhs, carried forward from the transferor company, was written back in the books of the combined entity as it was considered no longer necessary.
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Swan Defence and Heavy Industries Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Swan Defence and Heavy Industries Limited. Read the original for the full detail.