Sterling and Wilson Renewable Energy Limited — Investor Meet, 24-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Sterling & Wilson Renewable Energy saw Q1 FY26 revenue up 93% YoY to INR 1,762 Cr, with PAT at INR 39 Cr. Gross margin improved to 11.7% due to softer module costs. Operational EBITDA was INR 123 Cr (7% margin). The unexecuted order book is INR 8,348 Cr. Management guides for 20% YoY growth in revenue and order booking for FY26.

Despite Q1 order inflow being muted by ALMM II uncertainty, the bid pipeline exceeds 30 GW, mostly for domestic awards by Dec 2025. A new 290 MW turnkey order was secured. Improved credit ratings helped secure INR 900 Cr in new banking limits. Focus is strong on Battery Energy Storage Systems (BESS) due to declining costs and supportive policies. Sentiment remains confident. #SolarEnergy #RenewableEnergy #SWREL #Earnings