Sterling and Wilson Renewable Energy Limited (SWREL), a leading Indian renewable engineering, procurement, and construction (EPC) company, has announced its financial results for the first quarter of the financial year 2025-26 (Q1 FY26). The company reported a significant 93% year-on-year growth in revenue for the quarter, which was primarily driven by a faster execution pace in both domestic and international EPC projects. This performance came despite execution challenges in the domestic market due to cross-border tensions.
The company also reported notable improvement in profitability. Gross margins for the quarter rose to 11.7%, with a gross profit of INR 205 crore, compared to 11.1% and a gross profit of INR 102 crore in the same quarter last year. This improvement was supported by the softening of key input costs. Gross margins across all key segments—including Domestic EPC, International EPC, and Operations & Maintenance (O&M)—saw an upward trend during the quarter.
Mr. CK Thakur, Global CEO, Sterling and Wilson Renewable Energy Group, stated, “SWREL’s Q1 FY26 results reflect the strong focus on execution and a disciplined approach in our financial strategy. Our operational efficiency demonstrated in all the markets have driven a steadfast revenue growth of 93% year-on-year. As we deepen our presence in India, our priority will always be to deliver unmatched value through performance, innovation, and a robust clean energy portfolio.”
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at INR 102 crore for Q1 FY26, marking a 176% increase from INR 37 crore in Q1 FY25. The EBITDA margin also improved to 5.8%. The rise in EBITDA was aided by improved margins and controlled recurring overhead costs. The company’s profit after tax (PAT) for the quarter reached INR 39 crore, reflecting a substantial 680% year-on-year growth. Overall, the first-quarter performance highlights SWREL’s operational resilience and financial strength, supported by strong project execution and efficiency improvements across its business segments.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
