Swaraj Suiting Q2 FY27 Revenue Surges 72.3% to ₹2,195 Cr, Net Profit Nearly Doubles
Swaraj Suiting reported a strong Q2 FY27 with standalone revenue up 72.3% YoY to ₹219.52 crore and net profit up 94.5% YoY to ₹17.29 crore. For H1 FY27, revenue grew 97.3% to ₹402.89 crore and net profit rose 96.9% to ₹33.51 crore. The company plans to expand finished fabric capacity by 30 million meters by Q4 FY28 and aims to meet 50% of its energy needs via renewables by FY28.
The significant revenue and profit growth, coupled with concrete expansion plans for manufacturing capacity and a strategic move towards renewable energy, are material developments that are likely to have a substantial impact on the company's financial performance and market position.
The company reported substantial year-on-year growth in revenue and net profit, along with progress on strategic expansion plans and renewable energy initiatives, indicating strong business performance and positive future outlook.
Swaraj Suiting Limited announced strong financial results for the quarter and half-year ended September 30, 2026 (Q2 & H1 FY27), reporting significant year-on-year growth in revenue and profitability.
For standalone operations, revenue from operations increased by 72.3% to ₹2,195.2 million (₹219.52 crore) in Q2 FY27 and by 97.3% to ₹4,028.9 million (₹402.89 crore) in H1 FY27. EBITDA grew by 47.0% YoY to ₹412.0 million (₹41.20 crore) in Q2 FY27 and by 46.8% YoY to ₹767.2 million (₹76.72 crore) in H1 FY27. Net profit saw a substantial rise of 94.5% YoY to ₹172.9 million (₹17.29 crore) in Q2 FY27 and a 96.9% YoY increase to ₹335.1 million (₹33.51 crore) in H1 FY27. Earnings Per Share (EPS) for Q2 FY27 stood at ₹6.55, an increase of 62.1%, and for H1 FY27, it rose by 64.2% to ₹12.69.
The company's EBITDA margins for Q2 and H1 FY27 were within the guided range of 18-20%, reflecting normalized business performance. Healthy operating cash flow of ₹405.9 million (₹40.59 crore) was generated during H1 FY27.
In terms of business updates, the ongoing capital expenditure for the spinning division and the advanced material pilot project are progressing as planned, with commercial production targeted to commence by Q1 FY28. Swaraj Suiting also plans to increase its finished fabric manufacturing capacity by approximately 30 million meters across Denim and Non-Denim segments, with additional capacity expected to start by Q4 FY28, bringing the total to around 73 million meters per annum. Furthermore, the company is focusing on sustainability and cost-efficiency by developing captive electricity generation facilities, aiming to meet up to 50% of its electricity requirements through in-house renewable energy projects (solar and wind) by the end of FY28.
Mr. Nasir Khan, Director, Swaraj Suiting Limited, expressed satisfaction with the strong performance, highlighting the healthy business momentum and focus on operational capabilities. He reiterated the strategic capacity expansion plans and the focus on renewable energy initiatives to enhance efficiency and cost competitiveness.
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