Sterling and Wilson RE Achieves INR 2,519 Crore Quarterly Revenue

Sterling and Wilson Renewable Energy Ltd. (SWREL) has announced its financial results for the fourth quarter and the full financial year ending March 31, 2025.

As per company's statement, the company recorded a revenue of INR 2,519 crore in Q4FY25, marking a substantial increase of 114 percent compared to the same quarter in the previous year and a 37 percent growth compared to the previous quarter. This remarkable performance underscores the company's strong execution capabilities and the growing demand for its renewable energy solutions.

Looking at the full financial year, SWREL's revenue reached INR 6,302 crore in FY25. This figure represents a remarkable 108 percent increase compared to the revenue of INR 3,035 crore reported in FY24, demonstrating the company's accelerating growth trajectory over the past year. Alongside this revenue growth, SWREL also reported healthy gross margins of INR 263 crore in Q4FY25 and INR 638 crore for the entire fiscal year.

The company's future outlook appears promising, supported by a strong unexecuted order book. As of March 31, 2025, the unexecuted order value stood at approximately INR 9,096 crore, an increase from the INR 8,084 crore reported in the corresponding period last year. This robust order backlog provides a solid foundation for future revenue generation.

Furthermore, SWREL experienced strong order inflows during FY25, totaling around INR 7,051 crore. A significant portion of these inflows came from the domestic market, which witnessed an impressive 21 percent year-over-year increase, reaching approximately INR 5,897 crore. This highlights the strong trust and confidence in SWREL's capabilities within the Indian renewable energy sector.

The company also reported a positive operational performance, with an EBITDA of INR 158 crore for Q4FY25 and INR 291 crore for the entire FY25. This indicates the profitability of SWREL's operations alongside its significant revenue growth.

CK Thakur, the Global CEO, expressed optimism about the company's future, citing a substantial pipeline of projects in both domestic and international markets. He emphasised the significance of recent high-value domestic order wins and the company's strategic foray into Wind EPC and hybrid energy projects as key drivers for sustained growth and the delivery of integrated clean energy solutions.

The company boasts a total portfolio of over 23 GWp, including commissioned and under-construction projects, and manages an O&M portfolio of 8.8 GWp. With a presence in 28 countries across various regions, SWREL continues to expand its global footprint in the renewable energy sector.