Swan Energy Share Price Hits 52-Week High: Rose Over 9%

On December 11, 2024, Swan Energy share price reached a 52-week high of ₹784 on the Bombay Stock Exchange (BSE), marking a nearly 9% increase from the previous close of ₹715.25 on December 10, 2024. The stock has now posted consecutive gains over the past two days, outperforming its sector by 2.11%.

Swan Energy Business Update

Swan Energy Limited recently resumed operations at its shipyard, Reliance Naval and Engineering Limited (RNEL). The shipyard has initiated the refit of ships, with the Indian Coast Guard’s fast patrol vessel, Raj Ratan, being the first repair project. The project, which began on September 4, 2024, was completed ahead of schedule on November 30, 2024, in collaboration with Sadhav Offshore Engineering Pvt. Ltd.

Swan Energy Q2 FY25 Results

Swan Energy reported its Q2 FY25 results on November 14, 2024, revealing a sharp decline in both revenue and profit. The company’s revenue fell by 15.62% year-on-year, totalling ₹1,032.19 crore, while net profit dropped by 39.37%, amounting to ₹51.28 crore.

On a quarter-on-quarter basis, revenue decreased by 9.59%, and profits saw a steep 63.09% decline. This performance has raised concerns among investors regarding the company’s operational efficiency and the prevailing market conditions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.