Swan Defence and Heavy Industries Limited Q2 FY27 results press release summary

Results press release of 12 Oct 2026, summarised by AI from the filing.

SDHI reports Q2 FY27 revenue ₹68.85 cr and PAT ₹566.44 cr, with order book ~₹6,500 cr.

Key takeaways

1. Guidance Management expects domestic shipbuilding demand to pick up over the next 12 to 18 months.
2. Change Order book ~₹6,500 cr as of September 30, 2026, providing revenue visibility through FY31.
3. Driver Two new export orders: four ammonia dual-fuel bulk carriers for Energy ONE and four harbour tugs for Svitzer.
4. Risk Company reported a PBT loss of ₹38.37 cr in H1 FY27.

Original filing on BSE

Swan Defence and Heavy Industries Limited Q2 FY27 results

As filed: Revenue ₹68.9 cr (+72% year on year), EBITDA −₹17.0 cr, PAT ₹566 cr, EBITDA margin -24.7% (−473 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

• Q1 FY27: Revenue ₹30.6 cr, EBITDA −₹20.9 cr, PAT −₹41.7 cr, EBITDA margin -68.4%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹30.6 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: +3.5% in 30 days (Nifty 500: −3.1%).
• Q4 FY26: Revenue ₹236 cr (+300% year on year), EBITDA −₹250 cr, PAT −₹142 cr, EBITDA margin -106.0%. Score 15 of 100, Below trend. Not enough history for a trend yet: scored on growth alone. Share price after the results: +12.9% in 29 days (Nifty 500: +0.6%).
• Q3 FY26: Revenue ₹5.9 cr, EBITDA −₹20.1 cr, PAT −₹33.1 cr, EBITDA margin -341.6%. Not scored. Too small to score: quarter revenue ₹5.9 cr is below the ₹20.0 cr minimum. On a base this small, percentage changes say little. Share price after the results: +12.8% in 30 days (Nifty 500: −1.6%).
• Q2 FY26: Revenue ₹40.0 cr, EBITDA −₹8.0 cr, PAT −₹20.0 cr, EBITDA margin -20.0%. Not scored. No result for the same quarter last year. Share price after the results: +21.5% in 26 days (Nifty 500: −0.7%).
• Q1 FY26: Revenue ₹0.0 cr, EBITDA −₹32.0 cr, PAT −₹31.0 cr. Not scored. Too small to score: quarter revenue ₹0.0 cr is below the ₹20.0 cr minimum. On a base this small, percentage changes say little. Share price after the results: +21.5% in 24 days (Nifty 500: +0.9%).
• Q4 FY25: Revenue ₹5.0 cr, EBITDA −₹10.0 cr, PAT −₹23.0 cr, EBITDA margin -200.0%. Not scored. Too small to score: quarter revenue ₹5.0 cr is below the ₹20.0 cr minimum. On a base this small, percentage changes say little. Share price after the results: +21.5% in 24 days (Nifty 500: +1.0%).
• Q3 FY25: Revenue ₹1.0 cr, EBITDA −₹37.0 cr, PAT −₹53.0 cr, EBITDA margin -3700.0%. Not scored. Too small to score: quarter revenue ₹1.0 cr is below the ₹20.0 cr minimum. On a base this small, percentage changes say little.

Past price moves after results do not indicate future moves. Not a recommendation.

Swan Defence and Heavy Industries Limited earnings call, investor presentation and press release summaries

• Q2 FY27: Results press release (12 Oct 2026)
• Q4 FY26: Results press release (27 May 2026)