Sterling and Wilson Renewable Energy Ltd (SWREL) on Thursday (July 17) reported a sharp surge in its consolidated net profit for the April-June quarter, rising to ₹38.7 crore from ₹4.8 crore in the same period last year, driven by robust execution of domestic and international EPC projects.Revenue for the first quarter of FY26 rose 92.5% year-on-year to ₹1,761.6 crore, compared to ₹915 crore in the same quarter last year. The company said the growth was supported by improved project execution despite challenges in the domestic market due to cross-border tensions.
EBITDA for the quarter came in at ₹85.4 crore, higher than ₹24.8 crore in the previous year, while EBITDA margin improved to 4.85% from 2.71%.
Gross profit doubled to ₹205 crore, with gross margins rising to 11.7% from 11.1% a year ago, aided by softening of input costs. The company reported margin improvement across its key business segments, including Domestic EPC, International EPC, and Operations & Maintenance.SWREL, a pure-play renewable EPC firm, has a global portfolio of over 22.8 GWp and manages an O&M portfolio of 9.3 GWp across 28 countries.
EBITDA for the quarter came in at ₹85.4 crore, higher than ₹24.8 crore in the previous year, while EBITDA margin improved to 4.85% from 2.71%.
Gross profit doubled to ₹205 crore, with gross margins rising to 11.7% from 11.1% a year ago, aided by softening of input costs. The company reported margin improvement across its key business segments, including Domestic EPC, International EPC, and Operations & Maintenance.SWREL, a pure-play renewable EPC firm, has a global portfolio of over 22.8 GWp and manages an O&M portfolio of 9.3 GWp across 28 countries.
The shares of Sterling and Wilson ended half a percent lower in the session on Thursday. The stock has fallen over 30% in the year so far.
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(Edited by : Akanksha upadhyay)
