Sterling and Wilson Renewable Energy Reports 93 Percent Revenue Growth in Q1 FY26
Sterling and Wilson Renewable Energy Ltd. (SWREL) has reported a 93 percent YoY revenue surge in Q1 FY26 to INR 1,762 crore, driven by strong execution in domestic and international EPC projects. The company’s PAT has increased to INR 39 crore in Q1 FY26.
July 17, 2025. By Mrinmoy Dey
This is aided by higher execution pace in Domestic and International EPC projects, despite domestic execution challenges due to cross-border tension, the company said in a statement.
The company’s gross margins improved to 11.7 percent (gross profit at INR 205 crore) in Q1 as compared to 11.1 percent (gross profit at INR 102 crore) in Q1 FY25, aided by softening of key input costs. Gross margins across key segments - domestic EPC, international EPC and O&M witnessed improvement and have trended higher in Q1.
SWREL reported Q1 EBITDA at INR 102 crore (5.8 percent EBITDA margin) as against INR 37 crore in Q1 FY25. The EBITDA is up 176 percent YoY, facilitated by higher margins and stable recurring overheads. Q1 FY26 PAT of INR 39 crore has increased 680 percent YoY.
Speaking on the quarter results, C.K. Thakur, Global CEO, Sterling and Wilson Renewable Energy Group, shared, “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 has driven a steadfast revenue growth of 93 percent 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."
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