The profit after tax (PAT) was down 29% on a sequential basis versus Rs 55 crore reported by the company in Q4FY25. The topline also fell 30% compared to Rs 2,519 crore posted in the January-March quarter of FY25.
The gross profit increased to Rs 205 crore in Q1 FY26 vis-à-vis Rs 102 crore in the year ago period. The gross margin stood at 11.7% in the quarter under review versus 11.1% in Q1 FY25.
Also Read: Wipro Q1 Results: Cons PAT rises 11% YoY to Rs 3,330 crore; dividend declared at Rs 5/share
The Q1FY26 Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) was reported at Rs 102 crore and is up 176% YoY as compared to Rs 37 crore in Q1 FY25. The EBITDA margin is reported at 5.8%.
Speaking on the quarterly results, Global CEO CK Thakur said that SWREL’s Q1 FY26 results reflected a strong focus on execution and a disciplined approach in company’s financial strategy. Its operational efficiency demonstrated in all the markets have driven a steadfast revenue growth of 93% year-on-year, Thakur added. “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,” he said.The earnings were announced after market hours and shares of Sterling and Wilson today ended at Rs 327.35 on the NSE, declining by Rs 1.65 or 0.50%.Also Read: Jio Financial Q1 Results: Cons PAT rises 3.8% YoY to Rs 325 crore, revenue shoots up 47%
Sterling and Wilson is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The company provides EPC services for utility-scale solar, floating solar, hybrid & energy storage and wind solutions and has a total portfolio of over 22.8 GWp.
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