Sterling and Wilson Renewable Energy Limited Reports ₹7,548 Crore FY26 Revenue, Achieves Record 4.5 GW Project Execution

Sterling and Wilson Renewable Energy Limited (SWREL) has announced its financial results for the fourth quarter and full financial year ended March 31, 2026, reporting strong growth across revenue, profitability, and project execution.

The company recorded a revenue of ₹7,548 crore in FY26, reflecting a steady growth of approximately 20% year-on-year. Operational EBITDA rose 53% YoY to ₹444 crore, supported by improved execution efficiency and expanded lender support. Net debt declined by ₹149 crore during the quarter, driven by healthy cash flows and scheduled repayments.

Marking a significant operational milestone, SWREL commissioned approximately 4.5 GW AC of renewable energy capacity across domestic and international markets during FY26, its highest-ever annual execution. The company’s unexecuted order value (UOV) stood at ₹11,813 crore, the highest level recorded since the COVID period, indicating strong future revenue visibility.

In Q4 FY26, SWREL reported its highest-ever quarterly profit after tax (PAT) since listing, at ₹142 crore. The company’s operations and maintenance (O&M) portfolio also expanded significantly, growing 50% YoY to 13.5 GW, strengthening its recurring revenue base.

Order inflows remained robust, reaching ₹10,062 crore during the year, reflecting a 43% YoY increase across 12 projects. Additionally, the company has been declared the lowest bidder (L1) for a 1,182 MWdc turnkey project from Coal India Limited and has secured a balance of system (BOS) order for a 50 MWdc project from a domestic independent power producer.

Commenting on the performance, Chandra Kishore Thakur, Global CEO of SWREL, highlighted FY26 as the company’s strongest year, driven by execution excellence, record profitability, and strategic diversification into wind and battery energy storage system (BESS) segments.

The results underscore SWREL’s strengthening position in India’s renewable energy EPC space, supported by a robust order book, expanding O&M portfolio, and increasing presence across emerging clean energy segments.