Sterling and Wilson Renewable Energy Limited has informed the Exchange about Transcript

Sterling and Wilson Renewable Energy (SWSOLAR) reported a strong Q1 FY26 with revenue jumping 93% YoY to INR1,762 crores and PAT rising to INR39 crores from INR5 crores a year ago. Operational EBITDA margin came in at 7%, while consolidated gross margin improved to 11.7% (from 10.1% in FY25), aided by softer module prices. The unexecuted order book stood at INR8,348 crores with a bid pipeline exceeding 30 GW (26+ GW in India); the company won L1 status for a 290 MW turnkey project in Gujarat worth ~INR813 crores. On the balance sheet side, the company secured a two-notch rating upgrade to BBB+, obtained fresh sanctions of INR900 crores from three new banks, and is targeting an additional INR1,500 crores in credit lines, while also beginning repayment of its IREDA loan. Management reiterated guidance of 20% YoY growth in order bookings, with a meaningful BESS opportunity emerging (3 GW visible, 12.5 GW under tendering) as new tenders are expected to mandate 20% battery storage.