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Sterling and Wilson Renewable Energy reported Q2 FY26 revenue growth of 70% YoY to INR1,749 Cr. However, the company posted an INR478 Cr PAT loss due to INR637 Cr in one-time legal expenses from legacy US projects and a INR2,638 Cr impairment for the Nigeria project and subsidiary loan, aligning standalone net worth. Operational EBITDA was INR62 Cr. New order inflows reached ~INR3,775 Cr this fiscal, boosting the unexecuted order book to INR9,287 Cr, with 84% domestic. Management focuses on profitable execution, maintaining 10-11% overall margins, backed by ~INR1,000 Cr unutilized credit lines and a ~INR178 Cr indemnity payment due from promoters. The outlook remains confident despite these one-off impacts.
All announcements from Sterling and Wilson Renewable Energy Limited