Sterling and Wilson Renewable Energy Q2 results: Company returns to profit at ₹19 crore, revenue falls 13%
Sterling and Wilson Renewable Energy returned to profit in the September quarter as operating margins improved. Its order book stood at ₹12,480 crore, supported by new solar and battery storage projects.
Sterling and Wilson Renewable Energy returned to profit in the September quarter of FY27, reporting a net profit of ₹19.2 crore against a loss of ₹473.2 crore in the same period last year.However, revenue fell 12.6% year-on-year to ₹1,527.5 crore from ₹1,748.6 crore.Operating performance improved, with earnings before interest, tax, depreciation and amortisation rising to ₹56 crore from ₹4 crore a year earlier. The EBITDA margin, which measures operating profitability, increased to 3.7% from 0.2%.For the first half of FY27, the company reported a profit after tax of ₹70 crore, compared with a loss of ₹439 crore in the year-ago period.Order book stands at ₹12,480 croreSWREL's unexecuted order book stood at ₹12,480 crore, providing visibility into potential future revenue. The company said its order book grew 34% year-on-year in the first half of FY27.It recently secured domestic and international orders worth more than ₹985 crore. These include a 534.3 megawatt-peak solar project in Rajasthan, two battery energy storage system projects in South Africa with a combined capacity of 616 megawatt-hours , and the West Minya Solar Power Project in Egypt.The Egyptian project was secured through SWREL's joint venture with Hassan Allam Construction.SWREL shares closed 3.06% higher at ₹177 on the NSE on Thursday.
Related Stories
Gold prices near Rs 1.47 lakh/10 grams, silver falls by Rs 1,144/kg as traders await Fed rate signals. What lies ahead?
Gold prices edged lower while silver fell on MCX as investors awaited the US Federal Reserves upcoming policy decision for clues on interest rates. Traders expect rates to remain unchanged in October, with a possible hike in December. Analysts say dollar strength may cap golds upside, while central bank buying supports longer-term prices.
Infosys, TCS, Coforge, HCL Tech, TechM, Sagility: Selective rerating ahead, Jefferes shares target prices -
Infosys and TCS are seen as large IT companies offering 20 per cent-plus rerating potential in the best case. Sagility stands out among mid-sized companies, Jefferies said.
YES Bank share price targets: Goldman Sachs, Citi among 10 brokers with 'Sell' calls; what Nomura, others say -
Goldman Sachs has a target price of Rs 17 for YES Bank, while Citi sees the stock falling to Rs 16.50. Kotak Institutional Equities and Nuvama Institutional Equities have even lower targets of Rs 16.