Swaraj Suiting Ltd Q2 Profit Rises 94.4% to ₹17.3 Crore

Swaraj Suiting Ltd reported Q2 FY27 net profit of ₹17.3 crore, up 94.4% year on year, as revenue from operations increased 72.3% to ₹219.5 crore for the quarter ended September 30, 2026. The result indicates higher income and improved operating profitability compared with the same quarter a year earlier.

What did Swaraj Suiting Ltd report for Q2 FY27?

Swaraj Suiting Ltd reported total income of ₹221.4 crore in Q2 FY27, compared with ₹128.1 crore in Q2 FY26. Revenue from operations was ₹219.5 crore, against ₹127.4 crore a year earlier and ₹183.4 crore in the preceding June 2026 quarter.

Net profit for the quarter was ₹17.3 crore, compared with ₹8.9 crore in Q2 FY26 and ₹16.2 crore in Q1 FY27. The company reported year-on-year net-profit growth of 94.4% and quarter-on-quarter growth of 6.8%. Profit before tax rose to ₹27.3 crore from ₹12.2 crore a year earlier.

Other income stood at ₹1.9 crore in the September quarter, lower than ₹2.2 crore in Q1 FY27 but above ₹0.7 crore in Q2 FY26. The increase in total income was therefore primarily supported by revenue from operations.

How did operating profitability change during the quarter?

Swaraj Suiting Ltd reported an operating margin of 12.3% in Q2 FY27, compared with 9.5% in Q2 FY26 and 11.2% in Q1 FY27. The margin movement accompanied a 120.9% year-on-year rise in operating profit, according to the results summary.

Profit before exceptional items and tax was ₹27.3 crore, more than double the ₹12.2 crore reported in the corresponding quarter of FY26. No exceptional item was shown in the supplied quarterly data, leaving profit before tax at the same ₹27.3 crore.

The sequential comparison also showed an improvement in operating performance. Revenue increased by ₹36.1 crore from Q1 FY27, while profit before tax increased by ₹6.5 crore. Operating-profit growth was reported at 36.6% quarter on quarter.

What were Swaraj Suiting Ltd's first-half FY27 figures?

Swaraj Suiting Ltd reported consolidated revenue of ₹407.04 crore for the half year ended September 30, 2026, compared with ₹205.53 crore in the previous corresponding period. The half-year revenue data was reported in lakhs in the filing and has been converted to crore for consistency.

Profit before tax for the first half was ₹48.07 crore, compared with ₹23.67 crore in the year-earlier period. A results summary also stated that first-half net profit was ₹33.5 crore, against ₹17 crore a year earlier.

The company had reported revenue of ₹183 crore and net profit of ₹16.0 crore for the June 2026 quarter. The September-quarter figures therefore extended the higher-revenue trend into the first half of FY27, based on the data disclosed in the filings.

What did the review report and monitoring report say?

Swaraj Suiting Ltd said the limited review report for the quarter and half year ended September 30, 2026 was issued on November 14, 2026. The supplied information describes the limited review reports as unmodified.

The company also submitted a monitoring agency report from CRISIL Ratings for the quarter ended September 30, 2026. The report covered the utilisation of proceeds from a preferential issue of equity shares and convertible warrants totalling ₹226.48 crore.

According to the disclosed summary, ₹3.23 crore from the equity proceeds and ₹4.80 crore from warrant proceeds were used above revised allocations for working capital, reducing funds earmarked for capital expenditure. The shortfall in capital-expenditure funding was subsequently replenished through internal accruals, as stated in the monitoring report summary.

Why do the Q2 FY27 results matter for investors?

Swaraj Suiting Ltd's Q2 result matters because revenue, net profit and operating margin were all higher than the year-earlier quarter. Revenue rose by ₹92.1 crore year on year, while net profit increased by ₹8.4 crore, showing that profit growth exceeded the increase in reported sales on a percentage basis.

The company operates in the garments and apparels industry and was identified in the supplied data as a micro-cap company. Its cited market price was ₹350.45. Quarterly financial results are relevant for investors because they provide updated information on operating income, profitability and the use of capital raised through securities issuance.

The disclosures also noted positive operating cash flow of ₹40.6 crore for the half year, while stating that net debt and receivables rose. These items are relevant alongside reported profits because receivable collections, borrowing levels and working-capital deployment influence the cash profile of an apparel business.

Conclusion

Swaraj Suiting Ltd closed Q2 FY27 with revenue from operations of ₹219.5 crore, net profit of ₹17.3 crore and an operating margin of 12.3%. Compared with Q2 FY26, the company reported substantially higher revenue, profit before tax and net profit, while its first-half figures also showed a rise in revenue and profitability.

The next disclosures to watch are the company's subsequent quarterly financial results and updates on the utilisation of the ₹226.48 crore preferential-issue proceeds. Investors can also monitor receivables, net debt and operating cash flow, which were identified in the supplied results summary as relevant balance-sheet and cash-flow items.