SYNOPSIS:
Sterling & Wilson Renewable Power reported Rs. 1,749 crore income in Q2 FY26, up 70 % YoY, however posted a Rs. 478 crore loss as a result of a one-time US arbitration write-off regardless of robust order inflows.Shares of a world pure-play, end-to-end renewable engineering, procurement, and development (EPC) options supplier tumbled almost 8 % on Friday, after the corporate reported a web lack of Rs. 477.6 crores in Q2 FY26, marking its first quarterly loss after six consecutive worthwhile quarters.
With a market cap of Rs. 5,295.6 crores, shares of Sterling & Wilson Renewable Power Restricted closed within the purple at Rs. 226.8 on BSE, down by round 7 %, as in opposition to its earlier closing value of Rs. 243.1.
The inventory has delivered damaging returns of over 63 % in a single yr, and has fallen by almost 15 % within the final one month. Moreover, the inventory is presently buying and selling at a reduction of 65 % from its 52-week excessive of Rs. 642.
What’s the Information
Sterling & Wilson Renewable Power Restricted (SWREL) introduced the monetary outcomes for the second quarter of FY26 on Friday throughout market hours, as per the newest regulatory filings with the inventory exchanges.
For Q2 FY26, the corporate reported a consolidated web income from operations of Rs. 1,748.6 crores, reflecting a sequential decline of round 1 % QoQ in comparison with Rs. 1,761.6 crores in Q1 FY26, however a year-on-year enhance of about 70 % from Rs. 1,030.5 crores recorded in Q2 FY25. The income was pushed by larger execution tempo throughout large-scale home EPC initiatives and enhancing worldwide contributions.
Throughout the identical interval, SWREL reported a web lack of Rs. 477.6 crores, in comparison with a web revenue of Rs. 38.7 crores in Q1 FY26 and Rs. 8.6 crores in Q2 FY25. This marks the corporate’s first quarterly loss after six consecutive worthwhile quarters, with the earlier loss recorded in Q3 FY23.
The corporate reported an operational EBITDA of Rs. 62 crore for Q2 FY26, almost 3x larger year-on-year, pushed by continued working self-discipline and efficient overhead price administration. Gross revenue for the quarter stood at Rs. 156 crore, with margins reflecting a beneficial combine shift towards turnkey home initiatives initiated in the course of the interval.
Nevertheless, reported EBITDA and profitability had been impacted by a one-time distinctive write-off of ~Rs. 637 crore, following an adversarial arbitration ruling in the US, together with sure different provisions. Consequently, the corporate reported a PAT lack of Rs. 478 crore in Q2 FY26.
On the enterprise entrance, the corporate maintained sturdy order reserving momentum, securing initiatives (together with L1) price almost Rs. 3,000 crore since Q1 FY26, taking the entire order influx for the fiscal yr to Rs. 3,775 crore. The unexecuted order guide presently stands at Rs. 9,287 crore, guaranteeing robust execution and income visibility. The general order pipeline stays wholesome, supported by upcoming alternatives throughout India, Africa, and Europe.
Concerning the Firm
Sterling and Wilson Renewable Power Restricted is a renewable power EPC contractor with a pan-India presence and worldwide operations within the Center East, Southeast Asia, Africa, Philippines, Thailand, Europe, South America, Latin America, Australia and USA.
The corporate specialises in full turn-key and rooftop options and Renewable Power EPC options, with principal exercise together with import, export and buying and selling of photo voltaic modules, constructions, inverters and associated equipment, set up and upkeep of renewable power energy producing services and different associated actions.
Moreover, SWREL is engaged in establishing photo voltaic, hybrid, and power storage (BESS/ESS) energy crops utilising non-fossil fuel-based applied sciences, and in growing built-in stable waste and biomass administration options, resembling waste-to-energy initiatives utilizing municipal stable waste (MSW), biomass-based energy technology, and power-to-synthetic fuel techniques. The corporate additionally focuses on energy technology for the demand response market, reinforcing its dedication to sustainable and diversified clear power options.
Written by Shivani Singh
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