Swaraj Engines surges 8% on strong March quarter results, dividend bounty

The company announced a total dividend of Rs 69 per share for the financial year 2020-21, including a special dividend of Rs 19 per share

Shares of Swaraj Engines rallied 8 per cent to Rs 1,471 on the BSE in the intra-day trade on Thursday after the company reported a strong performance in March quarter (Q4FY21) by achieving its highest-ever quarterly profit of Rs 32.56 crore, up 105.6 per cent over the previous year quarter.

The company achieved its best-ever Q4 engine sales of 33,831 units, up 62 per cent year on year (YoY) and 8 per cent quarter on quarter (QoQ). While the net operating revenue grew 74 per cent YoY at Rs 305 crore, earnings before interest, taxes, depreciation, and amortization (Ebitda)