Swaraj Engines soars on reporting 25% rise in Q4 net profit

Swaraj Engines is currently trading at Rs. 717.50, up by 37.25 points or 5.48% from its previous closing of Rs. 680.25 on the BSE. The scrip opened at Rs. 705.00 and has touched a high and low of Rs. 725.00 and Rs. 702.00 respectively. So far 14958 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 772.80 on 07-Apr-2014 and a 52 week low of Rs. 431.00 on 06-Aug-2013. Last one week high and low of the scrip stood at Rs. 725.00 and Rs. 665.00 respectively. The current market cap of the company is Rs. 889.38 crore. The promoters holding in the company stood at 50.62% while Institutions and Non-Institutions held 12.83% and 36.56% respectively. Swaraj Engines has reported results for fourth quarter and year ended March 31, 2014 The company has posted a rise of 25.25% in its net profit at Rs 17.46 crore for the quarter ended March 31, 2014 as compared to Rs 13.94 crore for the same quarter in the previous year. Total income of the company has increased by 39.13% at Rs 159.36 crore for quarter under review as compared to Rs 114.54 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a jump of 20.94% in its net profit at Rs 67.00 crore as compared to Rs 55.40 crore for the same period in the previous year. Total income of company has surged by 26.98% at Rs 608.28 crore for year under review as compared to Rs 479.03 crore for the year ended March 31, 2013.