Swelect Energy Systems Sees Profitable Surge

Swelect Energy Systems reported a 24% rise in net profit to Rs 8.98 crore for September 2024 quarter, driven by higher revenues. The company's total income soared to Rs 209.71 crore, up from Rs 55.74 crore in the previous year, according to a BSE filing.

Swelect Energy Systems announced a notable 24% increase in its consolidated net profit, reaching Rs 8.98 crore for the quarter ending September 2024. This impressive profit uptick is attributed to a boost in revenues.

The company, in a recent BSE disclosure, revealed a significant leap from its previous year's profit of Rs 7.26 crore during the same quarter.

Total income for Swelect surged to Rs 209.71 crore from last year's Rs 55.74 crore, underscoring a robust financial performance.

(With inputs from agencies.)