| Management target | Revenue 12.5% FY27 |
|---|
| Revenue growth | 10% to 15% guided for FY27 despite high base. |
|---|---|
| Margins | EPC margins guided 8-10%; O&M margins stable at 20%. |
| Order book | Highest ever UOV of INR 13,000 crores. |
| Demand visibility | Robust bid pipeline of 27.7 GW; significant BESS market opportunities. |
| Management confidence | High; citing record UOV and strong visibility for H2 revenue. |
Growth
Revenue fell YoY due to international project completions; however, O&M revenue grew 40% YoY. PAT grew 36% YoY.
Outlook
Guided 10-15% revenue growth for FY27. Management expects a heavy Q3/Q4 as large projects enter execution phase.
Risks
Domestic EPC slowdown from volatile commodity prices; execution delays in new orders; rainy season impacts in Q2.
Last quarter's promises, checked
Delivered
- Guided EPC gross margins 8-10% → delivered 10.5% in FY26 (= BEAT)
- Guided O&M margins ~20% → delivered 20% (= BEAT)
- Guided 15% revenue growth for FY26 → delivered 20% (= BEAT)
Partly delivered
- Guided debt reduction → delivered INR 149cr reduction (ongoing progress) (= PARTIAL)
Missed
- Guided Q4 order pickup → delivered Q4 revenue degrowth due to commodity volatility (= MISS)
Earnings Call Transcript 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: Key Takeaways
Sterling and Wilson reported Q1 FY27 revenue of INR 1,590 Cr with a PAT of INR 53 Cr, up 36% YoY. Focus remains on utility-scale solar EPC and O&M services.
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