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What is the story about?
Shares of Sterling and Wilson Renewable Energy Ltd. surged as much as 13% on Friday, January 16, in response to the the company's third quarter results.
During the quarter, revenue rose 14% year-on-year to ₹2,092 crore, compared with ₹1,837 crore in the same period last year.
However, profitability was impacted by a one-time charge related to contract termination.
The company reported a net loss of ₹2.8 crore for the quarter, compared with a profit of ₹14.83 crore last year. The bottom line was affected by a one-time loss of ₹30.8 crore arising from contract termination charges.
EBITDA declined 5% to ₹66.9 crore from ₹70.4 crore a year ago, while margins narrowed to 3.2% from 3.8%.
On the order front, Sterling and Wilson Renewable Energy secured new orders worth ₹3,086 crore during the quarter. The company now expects order inflows to exceed ₹11,000 crore in FY26, implying a growth of around 60% on-year.
Its order book stood at approximately ₹10,413 crore at the end of the quarter.
The management did not provide any commentary on Nigeria.
The company recorded topline growth of 48% in the first nine months of FY26, ahead of its full year revenue growth guidance of 20%.
During Q3, Sterling and Wilson Renewable Energy signed a five-year framework agreement with Adani Green Energy, which is expected to support order inflows going forward.
During the quarter, revenue rose 14% year-on-year to ₹2,092 crore, compared with ₹1,837 crore in the same period last year.
However, profitability was impacted by a one-time charge related to contract termination.
The company reported a net loss of ₹2.8 crore for the quarter, compared with a profit of ₹14.83 crore last year. The bottom line was affected by a one-time loss of ₹30.8 crore arising from contract termination charges.
EBITDA declined 5% to ₹66.9 crore from ₹70.4 crore a year ago, while margins narrowed to 3.2% from 3.8%.
On the order front, Sterling and Wilson Renewable Energy secured new orders worth ₹3,086 crore during the quarter. The company now expects order inflows to exceed ₹11,000 crore in FY26, implying a growth of around 60% on-year.
Its order book stood at approximately ₹10,413 crore at the end of the quarter.
The management did not provide any commentary on Nigeria.
The company recorded topline growth of 48% in the first nine months of FY26, ahead of its full year revenue growth guidance of 20%.
During Q3, Sterling and Wilson Renewable Energy signed a five-year framework agreement with Adani Green Energy, which is expected to support order inflows going forward.
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