SWANDEF H1FY27 Revenue Jumps 2.5x to ₹99.46 Cr; Order Book at ₹6,500 Cr
Swan Defence and Heavy Industries Limited (SDHI) reported a 2.5x increase in operating revenue to ₹99.46 crore for H1 FY27. The company's order book stands at approximately ₹6,500 crore, with deliveries extending through FY31. Key orders include ammonia dual-fuel bulk carriers and harbour tugs. SDHI also secured a strategic MoU with DNV and is undertaking brownfield expansion.
The substantial revenue growth, substantial order book value, and strategic initiatives like new orders and expansion plans indicate a significant positive impact on the company's future performance and market position.
The company reported a significant increase in revenue and has a strong order book, indicating positive future prospects. The CEO's commentary also reflects a positive outlook on execution and growth.
Swan Defence and Heavy Industries Limited (SDHI) has announced its unaudited financial results for the half-year ended September 30, 2026. The company reported a significant 2.5x increase in operating revenue, reaching ₹99.46 crore for H1 FY27, compared to ₹39.99 crore in H1 FY26. Total income also saw a substantial rise to ₹167.87 crore from ₹111.49 crore in the prior year period. Despite a reported PBT of (₹38.37) crore and PAT of ₹524.78 crore for H1 FY27, the company highlights a growing order book of approximately ₹6,500 crore, providing revenue visibility through FY31. This order book includes six chemical tankers for Rederiet Stenersen AS, four ammonia dual-fuel bulk carriers for Energy ONE Limited, four harbour tugs for Svitzer, and a training ship for the Royal Navy of Oman.
Key business highlights for the period include securing an order for four ammonia dual-fuel bulk carriers from Energy ONE Limited, marking a first for an Indian shipyard, with deliveries from FY30. SDHI also secured an order for four TRAnsverse 3200 harbour tugs from Svitzer, with deliveries starting in early 2028. The company completed seven ship repair and refit projects, including the refit of ICGS Samudra Pavak, which was delivered ahead of schedule. Steel cutting has commenced for five barge unloaders for L&T Mines and Minerals. Furthermore, SDHI signed a strategic MoU with DNV to enhance capabilities and received in-principle approval for a brownfield expansion under the Shipbuilding Development Scheme, including a 600-tonne Goliath crane and a 40-tonne ELL crane.
Rear Admiral Vipin Kumar Saxena, Chief Executive Officer of SDHI, commented on the company's transition from turnaround to scaled execution, emphasizing the growing confidence of international customers and the expectation of increased domestic shipbuilding demand. The company is backed by the diversified industrial conglomerate Swan Corp Limited.
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