Q2 Results: Sterling & Wilson Renewable Reports Higher Revenues, PAT

Q2 Results: Sterling & Wilson Reports Surged Revenues, PAT

Public-listed renewable energy company Sterling & Wilson announced its financial results for Q2 of FY25 today. The consolidated financial results showed an increase in total revenues and net profits.

The company reported total revenue of Rs 1,064 crore in Q2FY25, compared to Rs 927.89 crore in Q1FY25 and Rs 776.73 crore in Q2FY24. This represents a quarterly increase (QoQ) of 14.71% and a year-on-year (YoY) increase of 37%.

Sterling & Wilson also reported a net profit or Profit After Tax (PAT) of Rs 8.57 crore in Q2FY25, up from Rs 4.83 crore in Q1FY25 and a loss of Rs 54.51 crore in Q2FY24.

The company is supported by a strong order/LOI inflow of approximately INR 2,050 crore in Q2FY25, including an order worth INR 823 crore received today. All the orders announced this quarter were secured from the domestic market.

Amit Jain, Global CEO of Sterling and Wilson Renewable Energy Group, stated, “Our second quarter performance highlights our continued business revival and sustained growth momentum in securing significant orders. We are honoured to have been chosen by some of our valued customers for their large-scale projects, and our teams are fully geared to meet the growth opportunities ahead. With a solid project pipeline and a strong financial foundation, we are confident in capturing this substantial growth, continuing our upward trajectory, and delivering enhanced value to all stakeholders.”

He added, “The future lies in sustainability, with solar energy at the forefront of this transition to a cleaner world. As solar power gains global momentum, our team remains deeply committed to delivering top-tier projects and continuously exceeding the expectations of our customers.”

About Sterling and Wilson Renewable Energy Limited

Sterling and Wilson Renewable Energy Limited (SWREL) is a global provider of end-to-end renewable engineering, procurement, and construction (EPC) solutions. The company offers EPC services for utility-scale solar, floating solar, and hybrid & energy storage solutions, with a portfolio of over 20.7 GWp, including projects in various stages of construction. SWREL also manages an operation and maintenance (O&M) portfolio of 7.8 GWp of solar power projects, including those built by third parties. Present in 28 countries, Sterling and Wilson Renewable Energy Limited operates in India, Southeast Asia, the Middle East, Africa, Europe, Australia, and the Americas. The firm counts the Reliace group as a promoter now, with erstwhile promoters Shapoorji Pallonji group selling a significant part of their residual stake in the firm recently.