Sterling and Wilson Renewable Energy Ltd

Net profit of Sterling & Wilson Renewable Energy rose 69.60% to Rs 54.22 crore in the quarter ended June 2026 as against Rs 31.97 crore during the previous quarter ended June 2025. Sales declined 9.74% to Rs 1590.13 crore in the quarter ended June 2026 as against Rs 1761.63 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales1590.131761.63 -10 OPM %4.954.85 - PBDT59.9677.48 -23 PBT56.6574.67 -24 NP54.2231.97 70 Powered by Capital Market - Live

Sterling & Wilson Renewable Energy announced that Sterling and Wilson Solar Australia (SWSAPL), a material subsidiary (step down) of the Company, has commenced arbitration proceedings by filing a Request for Arbitration against Shell New Energies Australia (Shell) under the London Court of International Arbitration Rules 2020 (LCIA Rules) on 14 July 2026.

Sterling & Wilson Renewable Energy will hold a meeting of the Board of Directors of the Company on 16 July 2026.

Sterling & Wilson Renewable Energy has allotted 9,671 equity shares under ESOP on 01 July 2026. Consequent to the above allotment, the paid-up equity share capital of the company has increased from Rs. 23,35,31,720/- consisting of 23,35,31,720 equity shares of Re. 1/- each to Rs. 23,35,41,391/- consisting of 23,35,41,391 equity shares of Re. 1/- each.

The joint venture has been awarded the contract for the West Minya solar power project in Egypt's Minya Governorate. The project comprises a 1,000 MWac solar photovoltaic (PV) plant integrated with a 600 MWh battery energy storage system (BESS). The contract is valued at approximately $560 million The joint venture will be responsible for the full engineering, procurement, and construction of the solar power plant, including the installation of photovoltaic generation facilities, battery energy storage infrastructure, grid interconnection works, transmission facilities, and all associated balance-of-plant and supporting systems required for project delivery. Chandra Kishore Thakur, Global CEO, Sterling and Wilson Renewable Energy Group said, We are proud to support Egypt's decarbonisation journey and contribute to strengthening energy security across the wider MENA region through this landmark project. As one of the world's leading solar EPC companies, we bring deep expertise and proven execution capabilities that will help unlock the region's vast renewable energy potential. Our company remains committed to delivering the project within the stipulated timeline while upholding the highest standards of safety, quality, and operational excellence. This third GW scale order received in a span of 9 months reflects the increasing size of PV projects, and continued trust and confidence that customers place in the company's capabilities to deliver large-scale solar projects, including those involving complex technologies such as Battery Energy Storage Systems.' Sterling and Wilson Renewable Energy (SWREL) is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The company provides EPC services for utility-scale solar, floating solar and hybrid & energy storage solutions. The company's consolidated net profit surged 142.99% to Rs 134.57 crore in Q4 FY26 from Rs 55.38 croreposted in Q4 FY25. Revenue from operations declined 22.77% YoY to Rs 1,945.61 crore in Q4 FY26.Powered by Capital Market - Live

Sterling and Wilson Renewable Energy announced that the company, in a 50-50 joint venture with Hassan Allam Construction - one of the leading contractors in Egypt and the MENA region, has secured an order today, valued at approximately USD 560 million for West Minya Solar Power Project in Minya Governorate, Egypt. Once complete, this 1,000 MWac capacity Solar PV project integrated with a 600 MWh Battery Energy Storage System (BESS) will become one of Egypt's largest utility-scale renewable energy developments. The joint venture will be responsible for the full engineering, procurement, and construction of the solar power plant, including the installation of photovoltaic generation facilities, battery energy storage infrastructure, grid interconnection works, transmission facilities, and all associated balance-of-plant and supporting systems required for project delivery.

Sterling & Wilson Renewable Energy announced that the 9th Annual General Meeting(AGM) of the company will be held on 2 July 2026.

However, revenue from operations dropped 22.76% YoY to Rs 1,945.61 crore during the period under review. Profit before tax stood at Rs 154.11 crore in Q4 FY26, registering a 77.70% increase from Rs 86.72 crore in Q4 FY25. The company said net debt reduced by Rs 149 crore during the quarter, while operational EBITDA rose 53% YoY to Rs 444 crore, supported by enhanced lender facilities and improved execution. On a full-year basis, the company reported a consolidated net loss of Rs 309.43 crore in FY26, compared with a net profit of Rs 81.45 crore in FY25. Meanwhile, net sales increased 19.77% to Rs 7,548.05 crore. Chandra Kishore Thakur, Global CEO, Sterling and Wilson Renewable Energy Group, said, 'FY26 has been SWREL's strongest period yet, delivering record quarterly PAT, 4.5 GW execution excellence, and a significant strengthening of the team to cater to the future growth opportunities. Beyond the numbers, our team's relentless focus on innovation and strategic partnerships has positioned us as the undisputed leader in India's renewable energy transition. As we look forward to FY27, our record INR 11,813 crore order book and expanded 13.5 GW O&M platform provide unmatched revenue visibility and stability. Our diversification into wind and BESS projects is being well appreciated and we see these two verticals contributing significantly to our future growth. This foundation positions SWREL to capture accelerated domestic and international growth.' The company said that, as reported earlier, Sterling and Wilson Renewable Energy has been declared the L1 bidder for a 1,182 MWdc turnkey project from Coal India and has also secured a balance-of-system (BOS) order for a 50 MWdc project from a leading Indian independent power producer. These wins significantly strengthen its order pipeline and highlight SWREL's execution capabilities as it enters FY27. Sterling and Wilson Renewable Energy (SWREL) is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The company provides EPC services for utility-scale solar, floating solar, hybrid & energy storage and wind solutions and has a total portfolio of over 27.3 GWp (including projects commissioned and under various stages of construction).

Net profit of Sterling & Wilson Renewable Energy rose 142.99% to Rs 134.57 crore in the quarter ended March 2026 as against Rs 55.38 crore during the previous quarter ended March 2025. Sales declined 22.77% to Rs 1945.61 crore in the quarter ended March 2026 as against Rs 2519.11 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 309.43 crore in the year ended March 2026 as against net profit of Rs 81.45 crore during the previous year ended March 2025. Sales rose 19.77% to Rs 7548.05 crore in the year ended March 2026 as against Rs 6301.86 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1945.612519.11 -23 7548.056301.86 20 OPM %7.495.30 -4.003.92 - PBDT156.9989.85 75 351.98176.88 99 PBT154.1186.72 78 340.70162.54 110 NP134.5755.38 143 -309.4381.45 PL Powered by Capital Market - Live

Sterling & Wilson Renewable Energy announced that with respect to the proceedings related to encashment of a bond by Sterling and Wilson Solar Solutions Inc. (wholly owned step-down subsidiary of the Company) against Fidelity and Deposit Company of Maryland and Zurich American Insurance Company, the parties have entered into a settlement agreement to release and discharge each other from all the claims and counter claims. Accordingly, the parties have filed a motion for dismissal and the United States District Court, Eastern District of Washington (Court) has passed an order of dismissal of the legal proceedings.