Swan Defence and Heavy Industries LimitedQ1 FY27 Results & Financial Update
Swan Defence and Heavy Industries Limited: Q1 FY27 consolidated results and company financials – revenue ₹30.61 Cr, PAT ₹-41.68 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Swan Defence and Heavy Industries Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Swan Defence and Heavy Industries Limited reported a consolidated revenue from operations of INR 30.61 crore for the first quarter of fiscal year 2027, alongside total income of INR 41.61 crore which includes other income of INR 11.00 crore.
The company incurred a loss before tax of INR 41.60 crore and a net loss after tax of INR 41.68 crore for the quarter ended 30 June 2026, resulting in a basic and diluted earnings per share of negative INR 7.91.
Operations during the quarter were burdened by significant capital servicing and overhead expenses, notably finance costs of INR 16.48 crore and depreciation and amortization charges of INR 15.18 crore.
The disparity between operating revenue and total income highlights the contribution of non-operating streams, even as heavy debt-servicing and asset depreciation pressures weighed heavily on the bottom line.
No tax expense was recorded for the period due to the pre-tax loss position, reflecting the absence of taxable profits across consolidated operations.
The financial results underscore the ongoing profitability challenges faced by the heavy engineering entity as it manages its cost structure against current revenue generation levels.
Swan Defence and Heavy Industries Limited reported consolidated operating revenue of INR 30.61 crore for the quarter ended 30 June 2026, alongside other income of INR 11.00 crore, bringing total income to INR 41.61 crore.
The company incurred a loss before tax of INR 41.60 crore for Q1 FY27, weighed down by significant operating and financing expenses.
01 · Business model
What does Swan Defence and Heavy Industries do?
Swan Defence and Heavy Industries Limited operates in the heavy engineering and defence manufacturing sector, focusing on complex industrial projects, heavy fabrication, and specialized equipment production.
The company generates its core revenue from commercial operations involving the supply and execution of heavy engineering works, supplemented by secondary streams classified under total income.
Its operational model involves capital-intensive manufacturing facilities that require ongoing servicing of financing obligations and substantial deployment of fixed assets.
Serving industrial and defence customers, the company navigates long-gestation project cycles that directly influence quarterly revenue recognition and cost structures.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹30.61 Cr |
| Total income | ₹41.61 Cr |
| Profit before tax | ₹-41.60 Cr |
| Profit after tax | ₹-41.68 Cr |
| EPS | ₹-7.91 |
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Generated INR 30.61 crore in revenue from operations during the quarter ended 30 June 2026.
Supplemented top-line inflows with INR 11.00 crore in other income, bringing total income to INR 41.61 crore.
Generated operating revenue of INR 30.61 crore from core heavy engineering and defence-related manufacturing activities during Q1 FY27.
Supplemental income contributed INR 11.00 crore to the total consolidated top-line of INR 41.61 crore.
What drove margins
Finance costs stood at INR 16.48 crore, exerting sustained pressure on profitability.
Depreciation and amortization expenses accounted for INR 15.18 crore, reflecting the heavy capital asset base.
Net loss margin settled deeply in negative territory, driven by aggregate expenses exceeding total income.
Finance costs of INR 16.48 crore exerted continuous pressure on profitability margins during the quarter.
Depreciation charges of INR 15.18 crore reflected heavy fixed-asset ownership and asset-base wear.
04 · Pressure points & risks
What is not going smoothly
Reported a consolidated net loss after tax of INR 41.68 crore for Q1 FY27.
Basic and diluted EPS stood at negative INR 7.91 for the quarter.
Reported a consolidated net loss after tax of INR 41.68 crore for the quarter ended 30 June 2026.
05 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Incurred quarterly finance costs of INR 16.48 crore, pointing to substantial debt obligations supporting the capital structure.
The company recorded quarterly finance costs of INR 16.48 crore, indicating ongoing debt-servicing requirements.
06 · Beyond the numbers
What changed beyond the numbers
Reported update
Tax Expense
Zero tax expense was reported for the quarter due to operating losses.
Reported update
Financial Reporting Compliance
The company filed its consolidated unaudited financial results for Q1 FY27 pursuant to Indian Accounting Standards (Ind AS) via official exchange channels.
07 · Key Q&A
The quarter, answered directly
What does Swan Defence and Heavy Industries do?
Swan Defence and Heavy Industries Limited operates in the heavy engineering and defence manufacturing sector, focusing on complex industrial projects, heavy fabrication, and specialized equipment production.
What is the clearest takeaway from Q1 FY27?
Swan Defence and Heavy Industries Limited reported a consolidated revenue from operations of INR 30.61 crore for the first quarter of fiscal year 2027, alongside total income of INR 41.61 crore which includes other income of INR 11.00 crore.
What drove revenue or demand?
Generated INR 30.61 crore in revenue from operations during the quarter ended 30 June 2026.
What mattered most for margins or profitability?
Finance costs stood at INR 16.48 crore, exerting sustained pressure on profitability.
What changed operationally beyond the headline numbers?
Zero tax expense was reported for the quarter due to operating losses.
What are the main pressure points disclosed for the quarter?
Reported a consolidated net loss after tax of INR 41.68 crore for Q1 FY27.
08 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
09 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Earnings Trajectory: Monitor subsequent quarterly filings for progression towards operational break-even and bottom-line recovery.
- 02
Debt Servicing: Track the evolution of finance costs relative to operating revenue in future reporting periods.
- 03
Debt Servicing and Finance Costs: Monitor future quarters for changes in finance costs relative to operating revenues and overall debt restructuring efforts.
- 04
Top-Line Scaling: Track the progression of operating revenue from the current level of INR 30.61 crore to evaluate order execution momentum.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.