Also trades as: SWELECTES.NS (NSE) · $vol 0M

₹598.75 ($6.22)

+2.10 (+0.35%)

BSE · Energy · Solar · Tech Score Neutral · Power 56 · ₹9.1B mcap · 6M float · 0.032% daily turnover

Revenue

$6.6B +5.7% ▲

5Y CAGR: +21.9%

Gross Profit

$1.8B +2.9% ▲

5Y CAGR: +8.1%

Operating Income

$1.0B +91.1% ▲

5Y CAGR: +36.7%

Net Income

$552M +338.0% ▲

5Y CAGR: +16.2%

EPS (Diluted)

$36.36 +337.5% ▲

5Y CAGR: +16.1%

EBITDA

$1.5B +5.3% ▲

5Y CAGR: +15.9%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$3.5B	$2.4B	$2.4B	$6.2B	$6.6B
YoY Growth	+45.3%	-33.3%	+0.1%	+162.8%	+5.7%
Cost of Revenue	$1.8B	$1.2B	$870M	$4.5B	$4.8B
Gross Profit	$1.3B	$1.1B	$1.5B	$1.7B	$1.8B
Gross Margin	36.8%	47.4%	63.2%	27.9%	27.1%
R&D Expenses	$14M	$4M	$306K	$0	$0
SG&A Expenses	$91M	$167M	$106M	$310M	$756M
Operating Expenses	$771M	$152M	$1.1B	$1.2B	$756M
Operating Income	$533M	$350M	$435M	$537M	$1.0B
Operating Margin	15.0%	14.8%	18.4%	8.6%	15.6%
Interest Expense	$228M	$297M	$510M	$570M	$612M
Income Before Tax	$513M	$299M	$602M	$436M	$756M
Tax Expense	$31M	$14M	$67M	$296M	$180M
Net Income	$324M	$55M	$620M	$126M	$552M
Net Margin	9.1%	2.3%	26.2%	2.0%	8.4%
EPS (Diluted)	$21.38	$3.66	$40.91	$8.31	$36.36
EBITDA	$1.0B	$847M	$1.5B	$1.4B	$1.5B
Shares Outstanding	15M	15M	15M	15M	15M

Line Item	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4
Revenue	$1.1B	$2.0B	$914M	$2.2B	$1.8B	$1.4B	$1.4B	$2.0B
Cost of Revenue	$831M	$1.3B	$456M	$1.5B	$1.1B	$706M	$1.0B	$1.5B
Gross Profit	$308M	$670M	$458M	$640M	$706M	$682M	$340M	$529M
Gross Margin	27.0%	33.9%	50.1%	29.3%	39.8%	49.1%	24.5%	26.1%
R&D Expenses	$0	$0	$0	$5M	$0	$0	$0	$0
SG&A Expenses	$200M	$0	$0	$467M	$218M	$193M	$122M	$301M
Operating Expenses	$200M	$486M	$386M	$467M	$404M	$402M	$122M	$301M
Operating Income	$107M	$184M	$72M	$174M	$302M	$280M	$218M	$228M
Operating Margin	9.4%	9.3%	7.8%	7.9%	17.0%	20.1%	15.7%	11.2%
Interest Expense	$135M	$147M	$131M	$157M	$139M	$156M	$145M	$172M
Income Before Tax	$91M	$157M	$30M	$158M	$278M	$209M	$140M	$128M
Tax Expense	$25M	$68M	$136M	$68M	$67M	$51M	$45M	$17M
Net Income	$63M	$82M	-$108M	$89M	$205M	$152M	$93M	$102M
Net Margin	5.5%	4.2%	-11.8%	4.0%	11.6%	10.9%	6.7%	5.0%
EPS (Diluted)	$4.35	$5.93	$-6.98	$5.74	$13.95	$10.45	$6.11	$6.72
EBITDA	$329M	$409M	$273M	$427M	$533M	$493M	$334M	$428M
Shares Outstanding	15M	14M	15M	15M	15M	15M	15M	15M

SWELECTES.BO BSE