Sterling and Wilson Renewable Energy Ltd

The agency has assigned 'IVR A2' rating to the short-term facilities of the company. Infomerics Valuation and Rating stated that the its ratings reaffirmed on the bank facilities of Sterling and Wilson Renewable Energy (SWREL) as it derives comfort from the improvement in operating performance, strong order book, reputed counterparties, moderate capital structure and satisfactory debt protection metrics, indemnification against legacy claims/non-recovery of receivables, established presence in the solar segment and part of strong promoter group. However, these rating strengths are partially offset by the overhang of contingent liabilities, susceptibility to price volatility and project execution risks. The agency further said that an improvement in the revenue and profitability while maintaining comfortable order book visibility, leading to improved liquidity and credit profile could lead to a rating upgrade. However, delays in execution of orders resulting in decline in scale and profitability and elongation in the working capital cycle; crystallisation of any material contingent liability other than liabilities under the purview of indemnity agreement and/or BG invocation, impacting the liquidity profile; and weakening of linkages with Reliance Group could result in adverse rating action. Sterling and Wilson Renewable Energy (SWREL) is engaged in EPC and O&M for solar power plants. The company has a presence over 25 countries including India, Africa, USA, Australia, Latin America and the Middle East among other countries. The scrip fell 2.79% to currently trade at Rs 320 on the BSE. Powered by Capital Market - Live

The turnkey project involves the development of a grid-connected solar PV plant, reinforcing the company's footprint in India's clean energy space. Chandra Kishore Thakur, Global CEO, Sterling and Wilson Renewable Energy Group shared, Our domestic pipeline remains very robust and we are confident of building on this order win. Sterling and Wilson Renewable Energy is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The company provides EPC services for utility-scale solar, floating solar and hybrid & energy storage solutions. It has operations in India, South-east Asia, Middle East, Africa, Europe, Australia, and the Americas. On a consolidated basis, net profit of Sterling & Wilson Renewable Energy soared 3745.83% to Rs 55.38 crore while net sales surged 113.84% to Rs 2519.11 crore in Q4 March 2025 over Q4 March 2024. Powered by Capital Market - Live

 Sterling & Wilson Renewable Energy announced that the company has emerged as L1 bidder in a tender of a leading PSU developer for a turn-key EPC package for development of a 225 MW (AC) grid connected Solar PV Project in Gujarat, India. Speaking on the order win, Chandra Kishore Thakur, Global CEO,  Sterling & Wilson Renewable Energy Group shared, 'We are thrilled to announce our first domestic order of FY26 from a very reputed PSU developer and continue to build on our strong position in the Gujarat market. Our domestic pipeline remains very robust and we are confident of building on this order win' Powered by Capital Market - Live

Revenue from operations zoomed 113.84% year-on-year (YoY) to Rs 2,519.11 crore in the quarter ended 31 March 2025. Profit before tax stood at Rs 86.72 crore in Q4 FY25, up 157.02% as against Rs 33.74 crore recorded in Q4 FY24. On segmental front, the company's revenue from EPC business was at 2,459.28 crore (up 118.76% YoY), while income from operation and maintenance service business stood at Rs 59.22 crore (up 9.99% YoY) during the period under review. Operational EBITDA stood at Rs 158 crore in Q4 FY25, registering a growth of 172.41% YoY. EBITDA margin improved to 6.3% in Q4 FY25 as against 4.9% posted in Q4 FY24. The company reported an unexecuted order value of approximately Rs 9,096 crore as of 31 March 2025, compared to Rs 8,084 crore as of 31 March 2024. The company stated that its order inflows for FY25 remained strong at approximately Rs 7,051 crore, showcasing the industry's strong trust in its unmatched execution capabilities. Of the total FY25 order inflows, domestic market momentum remained robust at around Rs 5,897 crore, showing an impressive 21% YoY growth. On a full-year basis, the company reported a consolidated net profit of Rs 81.45 crore in FY25 as against a net loss of Rs 211.92 crore posted in FY24. Revenue from operations surged 107.61% YoY to Rs 6,301.86 crore reported in FY25. CK Thakur, Global CEO, Sterling and Wilson Renewable Energy Group, shared, We are poised for significant growth across markets considering the commendable pipeline of projects both in the domestic and international regions. The steady flow of high-value domestic orders in the recent past reinforces our strong market position and growth momentum. Our onward journey is very promising, marked by high quarterly revenue, improved cash flow, and a healthy balance sheet, all of which position us for sustained growth. With our recent foray into wind EPC and continued focus on hybrid energy projects, we are optimistic about expanding our renewable portfolio and delivering integrated clean energy solutions. Sterling and Wilson Renewable Energy (SWREL) is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The counter slipped 3.34% to Rs 198.50 on the BSE. Powered by Capital Market - Live

Net profit of Sterling & Wilson Renewable Energy rose 3745.83% to Rs 55.38 crore in the quarter ended March 2025 as against Rs 1.44 crore during the previous quarter ended March 2024. Sales rose 113.84% to Rs 2519.11 crore in the quarter ended March 2025 as against Rs 1178.01 crore during the previous quarter ended March 2024. For the full year,net profit reported to Rs 81.45 crore in the year ended March 2025 as against net loss of Rs 211.92 crore during the previous year ended March 2024. Sales rose 107.61% to Rs 6301.86 crore in the year ended March 2025 as against Rs 3035.37 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales2519.111178.01 114 6301.863035.37 108 OPM %5.302.49 -3.92-0.74 - PBDT89.8538.20 135 176.88-155.67 LP PBT86.7233.74 157 162.54-172.32 LP NP55.381.44 3746 81.45-211.92 LP Powered by Capital Market - Live

Sterling & Wilson Renewable Energy will hold a meeting of the Board of Directors of the Company on 24 April 2025.Powered by Capital Market - Live

Sterling & Wilson Renewable Energy has appointed Ajit Pratap Singh as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from 24 March 2025. Sandeep Mathew shall cease to be the interim CFO effective close of business hours on 23 March 2025 and shall continue with his role of Head - Investor Relations. Powered by Capital Market - Live

Ajit Pratap Singh holds a B.Sc. and LLB from Kanpur universities, an M.Sc. in Finance, a PG Diploma in Business Administration, and a Strategic Management program from IIM Kashipur. He is also a certified management accountant and a member of several professional bodies. Singh has previously worked with companies such as Transrail Lighting, OPG Power Generation, Vedanta Aluminium, and JSW Bengal Steel. Furthermore, Sandeep Mathew will cease to be the interim CFO effective from the close of business hours on 23 March 2025 and will continue in his role as head of investor relations. Sterling and Wilson Renewable Energy (SWREL) is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The company reported a consolidated net profit of Rs 14.83 crore in Q3 FY25 as against a net loss of Rs 63.67 crore in Q3 FY24. Revenue from operations zoomed 215.19% year on year (YoY) to Rs 1,837.20 crore in the quarter ended December 2024. Shares of Sterling and Wilson Renewable Energy (SWREL) fell 3.32% to Rs 234.30 on the BSE.Powered by Capital Market - Live

Hatsun Agro Product Ltd, Kalyan Jewellers India Ltd, Authum Investment & Infrastructure Ltd and Infosys Ltd are among the other losers in the BSE's 'A' group today, 17 January 2025.Sterling & Wilson Renewable Energy Ltd lost 9.99% to Rs 414.8 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 8.14 lakh shares were traded on the counter so far as against the average daily volumes of 1.5 lakh shares in the past one month.Hatsun Agro Product Ltd crashed 6.30% to Rs 975. The stock was the second biggest loser in 'A' group.On the BSE, 10777 shares were traded on the counter so far as against the average daily volumes of 1428 shares in the past one month.Kalyan Jewellers India Ltd tumbled 6.14% to Rs 505.9. The stock was the third biggest loser in 'A' group.On the BSE, 9.23 lakh shares were traded on the counter so far as against the average daily volumes of 5.08 lakh shares in the past one month.Authum Investment & Infrastructure Ltd dropped 5.56% to Rs 1728.2. The stock was the fourth biggest loser in 'A' group.On the BSE, 7553 shares were traded on the counter so far as against the average daily volumes of 10900 shares in the past one month.Infosys Ltd shed 5.55% to Rs 1819.25. The stock was the fifth biggest loser in 'A' group.On the BSE, 2.21 lakh shares were traded on the counter so far as against the average daily volumes of 1.92 lakh shares in the past one month.Powered by Capital Market - Live

Net profit of Sterling & Wilson Renewable Energy reported to Rs 14.83 crore in the quarter ended December 2024 as against net loss of Rs 63.67 crore during the previous quarter ended December 2023. Sales rose 215.19% to Rs 1837.20 crore in the quarter ended December 2024 as against Rs 582.88 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1837.20582.88 215 OPM %3.83-2.78 - PBDT44.46-56.30 LP PBT41.09-60.79 LP NP14.83-63.67 LP Powered by Capital Market - Live