| Margins | EPC margins target 8-10%; O&M margins target ~20%. |
|---|---|
| Order book | INR 13,024 Cr (current); 78% India-focused. |
| Demand visibility | Strong; 27.7 GW bid pipeline (Ex-BESS) for FY27. |
| Management confidence | High; citing record unexecuted order book of INR 13,024 crore. |
Growth
Revenue fell 10% YoY to INR 1,590 Cr; however, PAT grew 36% YoY to INR 53 Cr.
Outlook
Record Unexecuted Order Value of INR 13,024 Cr. EPC margins expected to stabilize around 8-10%; O&M at ~20%.
Risks
Execution timing of new turnkey projects; gross margins dependent on project mix (Turnkey vs BoS).
Last quarter's promises, checked
Delivered
- Guided 15% revenue growth for FY26 → delivered 20% (INR 7,548 Cr) (= BEAT)
- Guided EPC gross margins 8-10% → delivered 10.5% in FY26 (= BEAT)
- Guided O&M gross margins ~20% → delivered ~20% stabilization (= BEAT)
Partly delivered
- Guided order inflow growth of 15% → delivered 43% (INR 10,062 Cr) but skewed to 1H (= BEAT)
- Guided debt reduction → delivered INR 149 Cr reduction in Q4 (= PARTIAL)
Missed
- Guided sequential growth in Q4 → delivered revenue drop due to supply deferrals (= MISS)
Earnings Call filed with BSE, NSE: SWSOLAR. Summary written with AI assistance from the document.
Sterling and Wilson Renewable Energy Ltd: key numbers
- Share price
- ₹176.65
- Market cap
- ₹4,126 Cr
- Revenue (annual)
- ₹7,548 Cr
- Net profit (annual)
- ₹-309.4 Cr
- P/E (TTM)
- -14.4×Sector 33.0×
- Promoter holding
- 45.72%+0.00% QoQ
- FII holding
- 5.07%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Sterling and Wilson Renewable Energy Ltd
All →Sterling and Wilson Renewable Energy Legal & Regulatory
The GST authority in Jaipur issued an order imposing a tax demand and penalty of approximately ₹13.86 Crore each on the Company.
- Value
- ₹13.86 Cr
Sterling and Wilson Renewable Energy Legal & Regulatory
CGST Jaipur demanded ₹27.72 Cr tax and penalty from Sterling and Wilson for Nov 2020 to Nov 2021. Company states demand is largely covered by promoter indemnity.
- Value
- ₹27.72 Cr
Sterling and Wilson Renewable Energy Bags ₹985 Cr Order
Sterling and Wilson Renewable Energy secured domestic and international orders totaling over INR 985 Crore. The wins include a 534.3 MWp solar order and 616 MWh storage projects.
- Value
- ₹985.0 Cr
- solar capacity
- 534.3 MWp
Sterling and Wilson Renewable Energy Legal & Regulatory
Sterling and Wilson's subsidiary, SWSS, has initiated a new arbitration against OEG Inc. regarding undetermined counterclaims. A three-member arbitration panel has been constituted.
Sterling and Wilson Renewable Energy Earnings Call Transcript: Key Takeaways
Sterling and Wilson reported Q1 FY27 revenue of INR 1,590 crores and PAT of INR 53 crores, driven by record UOV of INR 13,000 crores following a landmark USD 560 million Egypt order win.
- Call
- Guides 12% growth
Sterling and Wilson Renewable Energy Q1 FY27 Results: Net Profit ₹53.3 Cr, Up 37.7% YoY
Sterling and Wilson Renewable Energy Ltd reported revenue from operations of ₹1,590 Cr (-9.7% YoY) and net profit of ₹53.3 Cr (+37.7% YoY) for Q1 FY27.
- Key figure
- Net profit ₹53.3 Cr · +37.7% YoY