SDHI H1 FY27 Operating Revenue Jumps 148% To ₹99.46 Crore, Order Book At ₹6,500 Crore

Swan Defence and Heavy Industries Limited (SDHI) reported a significant surge in its operating revenue for the first half of FY27, jumping 148% to ₹99.46 crore. The company's total income for the period increased to ₹167.87 crore from ₹111.49 crore in the same span last year. SDHI's pre-tax loss widened to ₹38.37 crore from a loss of ₹3.48 crore in the previous half-year.

However, reported profit after tax (PAT) improved to ₹524.78 crore, turning around from a loss of ₹15.17 crore in the prior period. The company secured a major order for four 92,500 DWT ammonia dual-fuel bulk carriers from Energy ONE Limited, with deliveries expected from FY30. SDHI also received an order for four TRAnsverse 3200 harbour tugs from A.P.

Moller – Maersk-backed Svitzer, scheduled for early 2028 delivery. The company completed seven ship repair and refit projects, including the refit of the Indian Coast Guard's ICGS Samudra Pavak. SDHI has received in-principle approval for a brownfield expansion under the Shipbuilding Development Scheme, which will include a 600-tonne Goliath crane and a 40-tonne ELL crane.

Rear Admiral Vipin Kumar Saxena, CEO of SDHI, commented that the company's transition from turnaround to scaled execution is evident from winning export orders, reflecting confidence from international customers. The Gujarat Shipbuilding Policy 2026 offers additional incentives for SDHI, including 8-10% financial assistance and a 5% subsidy on procurement from MSMEs in Gujarat.

SDHI currently has a ₹1,150 crore term loan from NaBFID with an effective coupon rate of 5.85% after government support.