Sterling and Wilson Renewable Energy Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Sterling and Wilson Renewable Energy reported strong revenue growth in Q1 FY26. Standalone revenue from operations rose 54% YoY to ₹1,363.11 crore (vs ₹885.47 crore), with profit after tax at ₹78.43 crore (vs ₹73.59 crore). Consolidated revenue jumped 92% YoY to ₹1,761.63 crore, with consolidated PAT rising sharply to ₹38.69 crore from ₹4.74 crore. The EPC business remained the primary growth driver, contributing over 96% of consolidated revenue. The auditors (joint: Kalyaniwalla & Mistry LLP and Deloitte Haskins & Sells LLP) issued an unmodified limited review conclusion on both sets of results.
The sharp revenue growth signals strong order execution, but the high emphasis-of-matter notes — covering a ₹3,111.78 crore exposure to a wholly owned subsidiary and uncertainties over recoverability of wrongfully invoked bank guarantees and disputed customer counter-claims — remain key risks for shareholders to watch despite the indemnity cover from promoter selling shareholders.