Latest news with #SterlingandWilsonRenewableEnergy
Business Standard
5 days ago
- Business
- Business Standard
Sterling and Wilson Renewable posts PAT of nearly Rs 32 crore in Q1 FY26
Sterling and Wilson Renewable Energy (SWREL) has 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. 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 companys 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.
Time of India
6 days ago
- Business
- Time of India
Sterling and Wilson Q1 Results: Cons PAT skyrockets 680% YoY to Rs 39 crore, revenue soars 93%
Sterling and Wilson Renewable Energy on Thursday reported a stellar 680% growth in its Q1FY26 consolidated net profit at Rs 39 crore versus Rs 5 crore reported in the year ago period. The company's revenue from operations surged 93% at Rs 1,762 crore versus Rs 915 crore in the year ago period. The profit after tax (PAT) was down 29% on a sequential basis versus Rs 55 crore reported by the company in Q4FY25. The topline also fell 30% compared to Rs 2,519 crore posted in the January-March quarter of FY25. Explore courses from Top Institutes in Select a Course Category MBA Management Finance Operations Management others Healthcare Cybersecurity Data Analytics CXO Others Project Management MCA Digital Marketing PGDM Data Science Technology Artificial Intelligence healthcare Public Policy Design Thinking Product Management Leadership Degree Data Science Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details The gross profit increased to Rs 205 crore in Q1 FY26 vis-à-vis Rs 102 crore in the year ago period. The gross margin stood at 11.7% in the quarter under review versus 11.1% in Q1 FY25. Also Read: Wipro Q1 Results: Cons PAT rises 11% YoY to Rs 3,330 crore; dividend declared at Rs 5/share The Q1FY26 Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) was reported at Rs 102 crore and is up 176% YoY as compared to Rs 37 crore in Q1 FY25. The EBITDA margin is reported at 5.8%. Speaking on the quarterly results, Global CEO CK Thakur said that SWREL's Q1 FY26 results reflected a strong focus on execution and a disciplined approach in company's financial strategy. Its operational efficiency demonstrated in all the markets have driven a steadfast revenue growth of 93% year-on-year, Thakur added. "As we deepen our presence in India, our priority will always be to deliver unmatched value through performance, innovation, and a robust clean energy portfolio,' he said. The earnings were announced after market hours and shares of Sterling and Wilson today ended at Rs 327.35 on the NSE, declining by Rs 1.65 or 0.50%. Also Read: Jio Financial Q1 Results: Cons PAT rises 3.8% YoY to Rs 325 crore, revenue shoots up 47% Sterling and Wilson 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.
Business Standard
13-06-2025
- Business
- Business Standard
Infomerics Rating reaffirms 'BBB+' rating of Sterling and Wilson Renewable
Sterling and Wilson Renewable Energy said that Infomerics Valuation and Rating has reaffirmed its 'IVR BBB+' rating on the long-term facilities of the company with 'stable' outlook. 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.
Mint
12-06-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 12 June 2025
Breakout stocks buy or sell: Indian stock market indices, the Sensex and Nifty 50, registered modest advances on Wednesday, June 11, supported by generally upbeat global trends. The Sensex rose by 123 points, or 0.15%, to close at 82,515.14, while the Nifty 50 ended 37 points, or 0.15%, higher at 25,141.40. The mid and small-cap segments closed on a mixed note, with the BSE Midcap index declining by 0.12 per cent, while the BSE Smallcap index edged up by 0.06 per cent. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has turned slightly cautious as the Nifty index slipped after hitting 25,200 levels. Speaking on the outlook of Indian stock market, Bagadia said, ' The positive sentiment has remained intact as the key benchmark index has closed above the previous hurdle placed at 25,116. The 50-stock index may soon touch 25,600 on e it breaks above 25200 on a closing basis. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option. " Sumeet Bagadia recommends five shares to buy today — CIE Automotive India, Dishman Carbogen Amcis, Sterling and Wilson Renewable Energy, Alembic, and SMC Global Securities. 1] CIE Automotive India: Buy at ₹ 478.25, target ₹ 512, stop loss ₹ 461; 2] Dishman Carbogen Amcis: Buy at ₹ 288.60, target ₹ 310, stop loss ₹ 278; 3] Sterling and Wilson Renewable Energy: Buy at ₹ 321.65, target ₹ 345, stop loss ₹ 310; 4] Alembic: Buy at ₹ 117.41, target ₹ 127, stop loss ₹ 113; 5] SMC Global Securities: Buy at ₹ 142.25, target ₹ 153, stop loss ₹ 137. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
29-05-2025
- Business
- Business Standard
Sterling and Wilson gains after order win
Sterling and Wilson Renewable Energy rose 1.3% to Rs 286 after the company announced it emerged as the lowest (L1) bidder for a 225 MW (AC) solar EPC project in Gujarat, floated by a reputed PSU developer. The turnkey project involves the development of a grid-connected solar PV plant, reinforcing the companys footprint in Indias 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.
