Sterling and Wilson Renewable Energy Ltd

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

The agency has assigned 'IVR A2' rating to the short-term facilities of the company. Infomerics Valuation and Rating stated that the its ratings reaffirmed on the bank facilities of Sterling and Wilson Renewable Energy (SWREL) as it derives comfort from the improvement in operating performance, strong order book, reputed counterparties, moderate capital structure and satisfactory debt protection metrics, indemnification against legacy claims/non-recovery of receivables, established presence in the solar segment and part of strong promoter group. However, these rating strengths are partially offset by the overhang of contingent liabilities, susceptibility to price volatility and project execution risks. The agency further said that an improvement in the revenue and profitability while maintaining comfortable order book visibility, leading to improved liquidity and credit profile could lead to a rating upgrade. However, delays in execution of orders resulting in decline in scale and profitability and elongation in the working capital cycle; crystallisation of any material contingent liability other than liabilities under the purview of indemnity agreement and/or BG invocation, impacting the liquidity profile; and weakening of linkages with Reliance Group could result in adverse rating action. Sterling and Wilson Renewable Energy (SWREL) is engaged in EPC and O&M for solar power plants. The company has a presence over 25 countries including India, Africa, USA, Australia, Latin America and the Middle East among other countries. The scrip fell 2.79% to currently trade at Rs 320 on the BSE. Powered by Capital Market - Live

The turnkey project involves the development of a grid-connected solar PV plant, reinforcing the company's footprint in India's clean energy space. Chandra Kishore Thakur, Global CEO, Sterling and Wilson Renewable Energy Group shared, Our domestic pipeline remains very robust and we are confident of building on this order win. Sterling and Wilson Renewable Energy 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. It has operations in India, South-east Asia, Middle East, Africa, Europe, Australia, and the Americas. On a consolidated basis, net profit of Sterling & Wilson Renewable Energy soared 3745.83% to Rs 55.38 crore while net sales surged 113.84% to Rs 2519.11 crore in Q4 March 2025 over Q4 March 2024. Powered by Capital Market - Live

 Sterling & Wilson Renewable Energy announced that the company has emerged as L1 bidder in a tender of a leading PSU developer for a turn-key EPC package for development of a 225 MW (AC) grid connected Solar PV Project in Gujarat, India. Speaking on the order win, Chandra Kishore Thakur, Global CEO,  Sterling & Wilson Renewable Energy Group shared, 'We are thrilled to announce our first domestic order of FY26 from a very reputed PSU developer and continue to build on our strong position in the Gujarat market. Our domestic pipeline remains very robust and we are confident of building on this order win' Powered by Capital Market - Live

Revenue from operations zoomed 113.84% year-on-year (YoY) to Rs 2,519.11 crore in the quarter ended 31 March 2025. Profit before tax stood at Rs 86.72 crore in Q4 FY25, up 157.02% as against Rs 33.74 crore recorded in Q4 FY24. On segmental front, the company's revenue from EPC business was at 2,459.28 crore (up 118.76% YoY), while income from operation and maintenance service business stood at Rs 59.22 crore (up 9.99% YoY) during the period under review. Operational EBITDA stood at Rs 158 crore in Q4 FY25, registering a growth of 172.41% YoY. EBITDA margin improved to 6.3% in Q4 FY25 as against 4.9% posted in Q4 FY24. The company reported an unexecuted order value of approximately Rs 9,096 crore as of 31 March 2025, compared to Rs 8,084 crore as of 31 March 2024. The company stated that its order inflows for FY25 remained strong at approximately Rs 7,051 crore, showcasing the industry's strong trust in its unmatched execution capabilities. Of the total FY25 order inflows, domestic market momentum remained robust at around Rs 5,897 crore, showing an impressive 21% YoY growth. On a full-year basis, the company reported a consolidated net profit of Rs 81.45 crore in FY25 as against a net loss of Rs 211.92 crore posted in FY24. Revenue from operations surged 107.61% YoY to Rs 6,301.86 crore reported in FY25. CK Thakur, Global CEO, Sterling and Wilson Renewable Energy Group, shared, We are poised for significant growth across markets considering the commendable pipeline of projects both in the domestic and international regions. The steady flow of high-value domestic orders in the recent past reinforces our strong market position and growth momentum. Our onward journey is very promising, marked by high quarterly revenue, improved cash flow, and a healthy balance sheet, all of which position us for sustained growth. With our recent foray into wind EPC and continued focus on hybrid energy projects, we are optimistic about expanding our renewable portfolio and delivering integrated clean energy solutions. Sterling and Wilson Renewable Energy (SWREL) is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The counter slipped 3.34% to Rs 198.50 on the BSE. Powered by Capital Market - Live

Net profit of Sterling & Wilson Renewable Energy rose 3745.83% to Rs 55.38 crore in the quarter ended March 2025 as against Rs 1.44 crore during the previous quarter ended March 2024. Sales rose 113.84% to Rs 2519.11 crore in the quarter ended March 2025 as against Rs 1178.01 crore during the previous quarter ended March 2024. For the full year,net profit reported to Rs 81.45 crore in the year ended March 2025 as against net loss of Rs 211.92 crore during the previous year ended March 2024. Sales rose 107.61% to Rs 6301.86 crore in the year ended March 2025 as against Rs 3035.37 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales2519.111178.01 114 6301.863035.37 108 OPM %5.302.49 -3.92-0.74 - PBDT89.8538.20 135 176.88-155.67 LP PBT86.7233.74 157 162.54-172.32 LP NP55.381.44 3746 81.45-211.92 LP Powered by Capital Market - Live