Mumbai, August 12, 2025 — Sterling and Wilson Renewable Energy Limited (SWREL) has
posted a strong turnaround in the first quarter of FY 2025–26, reporting a consolidated net
profit of ₹53.25 crore compared to a loss of ₹103.87 crore in the same quarter last year,
aided by robust execution of solar EPC projects and improved margins.
Consolidated Financial Highlights (Q1 FY26 vs Q1 FY25)
Revenue from operations: ₹1,185.64 crore, up from ₹516.59 crore
Total income: ₹1,195.24 crore, more than double from ₹534.89 crore
EBITDA: Positive at ₹87.18 crore versus a loss of ₹75.08 crore
Profit after tax: ₹53.25 crore versus a loss of ₹103.87 crore
Earnings per share: ₹2.78 compared to a loss of ₹5.41
Standalone Performance
On a standalone basis, SWREL posted revenues of ₹1,159.25 crore and a net profit of ₹48.18
crore, reversing a loss of ₹96.47 crore in the prior year’s quarter.
Order Book & Business Updates
The company’s order book stood at ₹5,650 crore as of June 30, 2025, consisting
mainly of domestic and overseas large-scale solar EPC projects.
SWREL continued execution of marquee projects in India, Middle East, and Africa,
with a strong pipeline in new geographies.
The company is leveraging parent Shapoorji Pallonji Group’s global network for
expansion into high-growth renewable markets.
Management Commentary
The management attributed the turnaround to “disciplined execution, improved cost controls,
and favourable project mix” and reaffirmed its focus on profitability and cash flow generation
while pursuing selective bidding opportunities in solar, hybrid, and battery storage segments.
Outlook
With a healthy order book and demand tailwinds in the global renewable sector, SWREL
aims to sustain growth momentum through FY26 while strengthening its presence in
emerging markets.
