Shares of Swan Energy Ltd. were locked in a lower circuit of 5% on Friday after its consolidated net profit fell 11% in the fourth quarter of financial year 2024.
Swan Energy Q4 Earnings Highlights (Consolidated, YoY)
Revenue up 50% to Rs 1,398 crore versus Rs 933 crore.
Ebitda down 51% to Rs 118 crore versus Rs 238 crore.
Margin at 8.4% versus 25.5%.
Net profit down 11% to Rs 56 crore versus Rs 62 crore.
On the NSE, Swan Energy's stock was trading 5% lower at Rs 574.75 apiece, the lowest since May 16, compared to a 0.20% advance in the benchmark Nifty at 10:22 a.m.
The share price has risen 12.48% on a year-to-date basis but fallen 14.2% in the last 12 months. The total traded volume so far in the day stood at 0.17 times its 30-day average. The relative strength index was at 41.40.
An analyst tracking the company has a 'buy' rating on the stock, according to Bloomberg data.
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