Sterling and Wilson Renewable Energy Ltd

Sterling & Wilson Renewable Energy has bagged three new projects. The company has been declared L1 for Engineering, Procurement and Construction of a 363 MWp DC PV plant for a PV project in Rajasthan, India. The company also been declared L1 for Engineering, Procurement and Construction of a 580 MWp DC PV plant for a PV project in Uttar Pradesh, India. Both the domestic orders are on BOS basis. The company also received a LOI for a 115 MWp project in South Africa worth ~USD 120 million. The total EPC value of the three new orders is approximately Rs 1,772 crore, and total order inflows this fiscal is already touched Rs 3,775 crore.Powered by Capital Market - Live

Net loss of Sterling & Wilson Renewable Energy reported to Rs 2583.54 crore in the quarter ended September 2025 as against net profit of Rs 75.02 crore during the previous quarter ended September 2024. Sales rose 28.12% to Rs 1276.07 crore in the quarter ended September 2025 as against Rs 995.97 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales1276.07995.97 28 OPM %0.414.20 - PBDT18.2288.12 -79 PBT15.9085.68 -81 NP-2583.5475.02 PL Powered by Capital Market - Live

Net loss of Sterling & Wilson Renewable Energy reported to Rs 473.20 crore in the quarter ended September 2025 as against net profit of Rs 7.05 crore during the previous quarter ended September 2024. Sales rose 69.69% to Rs 1748.60 crore in the quarter ended September 2025 as against Rs 1030.49 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales1748.601030.49 70 OPM %0.221.76 - PBDT79.4223.90 232 PBT76.6920.07 282 NP-473.207.05 PL Powered by Capital Market - Live

The loss is due to an exceptional charge of Rs 580.10 crore recorded in the September 2025 quarter. The company stated that during the earlier year, a wholly owned subsidiary company (WOS) of the Group had terminated a contract with a major subcontractor in a particular geography for delays and default of its obligations under the contract. During the quarter, the Arbitral Tribunal passed an interim award in this matter whereby the claims that were considered recoverable of Rs 485.64 crore ($55.06 million) by WOS were dismissed and the subcontractor has been granted a claim amount of Rs 56.80 crore ($6.44 million) plus interest. Accordingly, during the quarter, the Group has charged off Rs 580.10 crore (including estimated legal cost) in the statement of unaudited financial results for the quarter and six months ended 30 September, 2025 and classified the same as an exceptional item. Sterling and Wilson Renewable Energy has recorded 70% YoY rise in revenue to Rs 1,749 crore in Q2 FY26. The revenue growth was driven by higher execution pace across large-scale domestic EPC projects and improving international contributions. Operational EBITDA for Q2 FY26 was Rs 62 crore as against Rs 23 crore in Q2 FY25. It was supported by continued operating discipline and stable overhead management. The company's gross profit for the quarter was Rs 156 crore, with margins reflecting the mix shift toward turnkey domestic projects commenced during the quarter. The company secured projects (including L1) worth nearly Rs 3,000 crore since Q1, taking the total order inflow this fiscal to Rs 3,775 crore. The current unexecuted order value stands at Rs 9,287 crore. The overall order pipeline continues to remain healthy, driven by upcoming opportunities in India, Africa and Europe. C. K. Thakur, global CEO, Sterling and Wilson Renewable Energy Group, said: Despite industry headwinds, SWREL delivered steady operational performance during the quarter, underlining our strong execution focus and strategic market positioning. Our consistent order inflow and expanding opportunities in India and International market reinforce our future potential. 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 24.4 GWp (including projects commissioned and under various stages of construction). SWREL also manages an operation and maintenance (O&M) portfolio of 9.1 GWp solar power projects, including for projects constructed by third parties. Powered by Capital Market - Live

Sterling & Wilson Renewable Energy will hold a meeting of the Board of Directors of the Company on 17 October 2025.Powered by Capital Market - Live

The project involves delivering a balance-of-system EPC package for a 300 MW (AC) / 420 MWp (DC) solar power plant, along with a 220/33 kV pooling substation in Rajasthan, further strengthening India's clean energy push. Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy Group shared, 'We are excited to partner with a leading global renewable developer with huge growth plans in the domestic market and bag our first order from the Private IPP market this fiscal. The order is a testament to our strong execution capabilities, and we continue to build on our gross order inflows1 which has exceeded Rs 2,400 crore this year.' Sterling and Wilson Renewable Energy (SWREL) is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The company reported a consolidated net profit of Rs 31.97 crore in Q1 FY26, which is nearly eight times the PAT of Rs 4.19 crore posted in Q1 FY25. Revenue increased by 92.5% to Rs 1761.63 crore in the first quarter from Rs 915.06 crore recorded in the same period last year.Powered by Capital Market - Live

Sterling & Wilson Renewable Energy announced that the 8th Annual General Meeting(AGM) of the company will be held on 21 August 2025.Powered by Capital Market - Live

Revenue increased by 92.5% to Rs 1761.63 crore in the first quarter from Rs 915.06 crore recorded in the same period last year. This was due to higher execution pace in Domestic and International EPC projects, despite domestic execution challenges due to cross-border tension. Total operating expenditure increased by 88.3% YoY to Rs 1676.17 crore in Q1 FY26. Gross margins improved to 11.7% (gross profit at Rs 205 crore) in Q1 as compared to 11.1% (gross profit at Rs 102 crore) in Q1 FY25 aided by softening of key input costs. Gross margins across key segments - domestic EPC, international EPC and O&M witnessed improvement and have trended higher in Q1. SWREL reported Q1 EBITDA at Rs 102 crore (5.8% EBITDA margin) as against Rs 37 crore in Q1 FY25. The EBITDA is up 176% YoY, facilitated by higher margins and stable recurring overheads. Profit before tax in Q1 FY26 stood at Rs 74.67 crore, which is over five time the pre-tax profit of Rs 14.66 crore registered in Q1 FY25. On a sequential basis, the company's consolidated net profit and revenue are lower by 42.3% and 30.1%, respectively. CK Thakur, global CEO, Sterling and Wilson Renewable Energy Group, said: SWREL's Q1 FY26 results reflect the strong focus on execution and a disciplined approach in our financial strategy. Our and operational efficiency demonstrated in all the markets have driven a steadfast revenue growth of 93% year-on-year. Sterling and Wilson Renewable Energy Limited (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 22.8 GWp (including projects commissioned and under various stages of construction). The scrip fell 2.98% to currently trade at Rs 325.55 on the BSE. Powered by Capital Market - Live

Net profit of Sterling & Wilson Renewable Energy rose 663.01% to Rs 31.97 crore in the quarter ended June 2025 as against Rs 4.19 crore during the previous quarter ended June 2024. Sales rose 92.52% to Rs 1761.63 crore in the quarter ended June 2025 as against Rs 915.06 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales1761.63915.06 93 OPM %4.852.70 - PBDT77.4818.67 315 PBT74.6714.66 409 NP31.974.19 663 Powered by Capital Market - Live

Sterling & Wilson Renewable Energy will hold a meeting of the Board of Directors of the Company on 17 July 2025.Powered by Capital Market - Live