Key
Highlights
~ Records revenue of INR 1,527 crore in
Q2 FY27
~ Reports PAT of INR 70 crore in H1 FY27
~ The company recently secured
prestigious domestic and international orders totaling over INR 985 crore
~ The unexecuted order book stands at INR
12,480 crore, giving a strong visibility of future revenue
~ Robust growth in O&M portfolio from
13.5 GW in March 2026 to 18.9 GW as of Sep 2026
Mumbai;: Sterling and Wilson Renewable Energy Limited (SWREL)
(BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), a leading home-grown renewable
EPC, today announced its financial results for the second quarter and half year
ended September 30, 2026, reporting a significant turnaround in profitability
and growth in its order book.
The company reported
a profit after tax (PAT) of INR 70 crore for H1 FY27, marking a significant
turnaround from the loss of INR 439 crore recorded in H1 FY26. The company
reported a profit of INR 17 crore and revenue at INR 1,527 crore in Q2 FY27.
The company also continued to strengthen its Operations and Maintenance
(O&M) business, with H1 FY27 O&M revenue increasing 48% year-on-year to
INR 183 crore from INR 124 crore in the corresponding period last year.
SWREL’s strong
order inflows across domestic and international markets have supported business
growth and strengthened its project pipeline. Recent wins, including a 534.3
MWp solar project in Rajasthan, two BESS projects in South Africa with a
combined capacity of 616 MWh, and the West Minya Solar Power Project in Egypt
through its joint venture with Hassan Allam Construction, underscore the
company’s growing capabilities across solar EPC and energy storage in domestic
as well as international markets. These projects further reinforce SWREL’s
presence in renewable sector and provide a strong foundation for sustained
growth.
Speaking on the results
announcement, Mr. Chandra Kishore Thakur, Global CEO, Sterling and Wilson
Renewable Energy, said, “Our performance in the
first half of FY27 reflects the progress we have made in strengthening our
business and enhancing operational efficiency. The steady growth in our O&M
business, coupled with strong order inflows across domestic and international
markets, reinforces our capabilities across renewable energy EPC and energy
storage. As we continue to build on this momentum, our focus remains on
disciplined execution, operational efficiency and converting our growing
project pipeline into sustainable, profitable growth.”