Swadeshi Industries revenue jumps 300% to ₹68.46 crore
The company’s annual revenue climbed fourfold in FY26, while equity capital doubled following a warrant conversion.
— 2 earlier stories on Swadeshi Industries & Leasing Ltd. →What's new
- Consolidated revenue rose to ₹68.46 cr from ₹17.15 cr in the prior year.
- Net profit reached ₹1.73 cr, a 52% increase.
- Equity capital doubled to ₹23.12 cr after business warrant conversions.
- Dilip Jagdish Pendse joined the board as an additional independent director.
Why this matters
A fourfold increase in revenue for a nano-cap firm is rare and suggests a major shift in trading activity. While profit growth lagged the top-line expansion, the capital restructuring and board addition indicate management is preparing for a larger scale of operations.
What we're watching
- Whether the revenue growth is sustainable or a one-time trading spike.
- The impact of the new independent director on governance standards.
- Future utilization of the expanded equity base.
The full read
Swadeshi Industries and Leasing scaled its operations significantly in FY26. Consolidated revenue reached ₹68.46 crore, a 300% increase over the ₹17.15 crore reported in the previous year. Net profit also rose, climbing 52% to ₹1.73 crore. The company’s capital structure shifted as well, with equity capital doubling to ₹23.12 crore after the conversion of business warrants. Alongside these results, the board added Dilip Jagdish Pendse as an additional independent director. Pendse brings 30 years of experience in banking and NBFCs to the firm. The audit opinion was unmodified. For a nano-cap enterprise, this is a period of rapid expansion. The open question is whether this revenue surge represents a permanent change in operating volume or a temporary spike in trading activity.
Questions answered
- How did the company's equity capital change during the year?
- Equity capital doubled to ₹23.12 crore during FY26. This increase followed the conversion of business warrants.
- What was the growth in net profit compared to revenue?
- Revenue grew by approximately 300% to ₹68.46 crore, while net profit rose 52% to ₹1.73 crore.
- Who was appointed to the board?
- Dilip Jagdish Pendse was appointed as an additional independent director. He brings 30 years of experience in the banking and NBFC sectors.
- Was the audit report clean?
- Yes, the company received an unmodified audit opinion for its FY26 financial results.
Story so far
All notes on SWADEIN →- 29 May 2026 · 12:05 PM IST Swadeshi Industries revenue jumps 300% to ₹68.46 crore
- 1d ago Swadeshi Industries revenue jumps fourfold to ₹68.12 crore in FY26
- 1d ago Swadeshi Industries revenue jumps 328% as trading activity spikes