This Smallcap stock which deals in the business of manufacturer and marketer of polyester, cotton, and textile products in India in focus after receiving a LoA from Agneyastra Technion worth Rs. 111 crore related to AI.
Price Movement
Swan Energy Limited‘s stock in Monday’s session touched a day’s low of Rs. 532.45 per share down by 5.76 percent. The stock reiterated from the day’s low and closed at Rs. 544.80 which is 3.58 percent from the previous closing price of Rs. 565. The stock has delivered a negative return of around 19.40 percent in the past year and has underperformed the Nifty Index in the same period.
What happened
The company’s stock was in focus after receiving a Letter of Acceptance from Agneyastra Technion Private Limited for the Supply Installation and Commissioning of AI-based Comprehensive Infra-secure items. The total order worth is around Rs. 111 crore and the period for completion of the order is dated 10th October 2025. The promoter group or company has an interest in Agneyastra Technion Private Limited which holds a 40 percent stake in Agneyastra Innovations Private Limited and the order is done on an arm’s length basis.
Financial Performance
Their Q2FY25 results show revenue from operations of Rs. 1,032 crore which declined by 15.61 percent year on year, from Rs. 1,223 crore in Q2FY24 and an 8.69 percent decline from Rs. 1,142 crore in Q1FY25. Their net profit declined by 59.63 percent year on year, from Rs. 166 crores in Q2FY24 to Rs. 67 crores in Q2FY25. Quarterly, the profits declined by 75 percent from Rs. 268 crore.
Business Segments
As per the recent September 2024 results, the company recognizes its revenue from Textile which contributes around 2.46 percent, Energy by 6.39 percent, Construction by 2.44 percent, Distribution and Development by 86.15 percent, and Warehousing by 2.53 percent.
Company Overview
Swan Energy Limited was founded in 1909. They operate in the business of textiles, real estate, and energy sectors while focusing on developing an LNG import terminal in Gujarat, thus improving India’s energy infrastructure.
Written by Santhosh S
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