Swan Energy Limited — Updates, 30-05-2025: Name Change

Swan Energy has announced a board meeting to approve the financial results for the quarter and half-year. The company posted a record consolidated total income of ₹6,884 Cr, up 35% YoY, with EBITDA nearly doubling to ₹1,804 Cr and margin widening to 26.2%. Profit after tax increased 49% to ₹874 Cr. A 10% dividend has been proposed. Debt was significantly reduced through a ₹3,320 Cr QIP, boosting financial strength. Operations resumed at India’s largest shipyard, delivering Coast Guard refits ahead of schedule. The Bengaluru project “Cardinal One” received occupation certificate with 90%+ sales. Sale of the FSRU reflects strategic LNG portfolio adjustments, while the onshore LNG terminal is nearing completion.