Sterling and Wilson Renewable Energy Reports 143% Profit Surge Amid Revenue Decline
SW Solar shares in focus as Q4 net profit balloons 143% despite a sharp 23% decline in revenue
The Economic TimesImage: The Economic Times
Sterling and Wilson Renewable Energy (SW Solar) reported a consolidated net profit of ₹135 crore (approximately $16.3 million USD) for Q4 FY26, a 143% increase from ₹55 crore ($6.7 million USD) in the same quarter last year. However, revenue fell by 23% year-on-year to ₹1,946 crore ($239 million USD), highlighting a challenging market environment.
- 01SW Solar's net profit increased by 143% to ₹135 crore for Q4 FY26.
- 02Revenue declined 23% year-on-year to ₹1,946 crore.
- 03The company returned to profitability after a loss in the previous quarter.
- 04Total expenses were reduced by 24% to ₹1,844 crore.
- 05SW Solar's order book reached ₹11,813 crore, indicating strong future growth potential.
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Sterling and Wilson Renewable Energy (SW Solar) reported a 143% increase in consolidated net profit, reaching ₹135 crore (approximately $16.3 million USD) for the quarter ending March 31, 2026, up from ₹55 crore ($6.7 million USD) in the same period last year. Despite this profit surge, the company experienced a 23% decline in revenue, totaling ₹1,946 crore ($239 million USD), compared to ₹2,519 crore ($303 million USD) in Q4 FY25. The revenue also slipped 7% from ₹2,092 crore ($252 million USD) in the previous quarter. SW Solar's total expenses were reduced by 24% year-on-year to ₹1,844 crore ($222 million USD), primarily due to lower costs in construction materials and employee benefits. The company's Engineering, Procurement, and Construction (EPC) segment generated ₹1,863 crore ($225 million USD) in revenue, down from ₹2,459 crore ($300 million USD) in the same quarter last year. Looking ahead, SW Solar's management highlighted a record order book of ₹11,813 crore ($1.4 billion USD) and an expanded operations and maintenance platform, which they believe will contribute significantly to future growth.
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The strong order book and profitability indicate potential job stability and growth in the renewable energy sector, benefiting employees and stakeholders.
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