Revenue for the quarter though, fell 9.7% to ₹1,590.1 crore from ₹1,761.6 crore in the corresponding period last year. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) also declined 8% year-on-year to ₹79.6 crore from ₹86.4 crore, while EBITDA margin remained unchanged at 5%.
Also read: DB Corp Q1 Results: Strong ad revenue growth aids profit, margin expansion; Stock jumps up to 7%Within its business segments, revenue from the engineering, procurement and construction (EPC) business declined 11.6% year-on-year to ₹1,503.9 crore from ₹1,701 crore. In contrast, revenue from the operations and maintenance (O&M) services segment increased 40.6% to ₹84.8 crore from ₹60.3 crore in the year-ago quarter.
The company said it secured order inflows of around ₹10,062 crore during FY26, taking its unexecuted order value (order book) to ₹11,813 crore at the end of the fiscal year.
Shares of Sterling & Wilson Renewables are trading 7% lower after the results announcement at ₹223.2. The stock has given up nearly all the gains it had made this year, now up only 4%. Over the last 12 months, the stock has declined 33%.
Read more: MRPL shares extend gains to 17% in seven sessions; Stock jumps despite narrowing margins
