Swan Energy shares in focus ahead of Q3 results today
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Shares of Swan Energy will be in focus in Friday's trade as the company will announce its third quarter results later today. There are no estimates as to what the company might report in the October-December 2024 period. However, in the preceding September quarter, net profit more than doubled to Rs 1.2 crore as against Rs 58 lakh in the comparable period. Revenues, on the other hand, declined to Rs 25.54 crore. Swan Energy is an Indian company engaged in the energy, textiles, and real estate sectors. Established in 1990, the company has diversified its operations to include oil and gas exploration, renewable energy, and infrastructure development. Swan Energy is notably involved in the liquefied natural gas (LNG) sector, with a focus on regasification and storage projects, positioning itself as a key player in India's energy transition. The company operates a floating storage and regasification unit (FSRU) at Jafrabad, Gujarat, w...