Sterling and Wilson Renewable Energy Reports 215% YoY Revenue Growth in Q3 FY25 Results

Sterling and Wilson Renewable Energy Limited (SWREL) has announced its financial results for the third quarter of FY25, marking a significant milestone with its second-highest quarterly revenue since going public.

On January 17, 2025, Sterling and Wilson Renewable Energy share price (NSE: SWSOLAR) opened at ₹449.00, down from its previous close of ₹457.65. At 10:44 AM, the share price of Sterling and Wilson Renewable Energy was trading at ₹422.15, down by 7.76% on the NSE. The stock price touched its 52-week low recently on January 15, 2025, at ₹403.35.

Q3 FY 2025 Financial Highlights

The company reported a 215% year-on-year (YoY) revenue growth and a 78% quarter-on-quarter (QoQ) increase, driven by an accelerated pace of execution in both domestic and international EPC projects. Operational efficiencies have led to positive operational EBITDA for three consecutive quarters.

In terms of profitability, SWREL achieved a Profit Before Tax (PBT) of ₹41 crore, up from ₹20 crore in the previous quarter. The company also reported a sequential decrease in its net debt by approximately ₹150 crore, bringing it down to ₹175 crore, thanks to improved cash flows and indemnity receipts during the quarter.

The strong order inflow momentum continues, with SWREL securing ₹5,679 crore in order inflows for the nine-month period, including two domestic order/LOA wins in the third quarter.

Commenting on the quarter results, the CEO – Asia, Africa, LATAM & Europe, Sterling and Wilson Renewable Energy Ltd, Mr CK Thakur, said, “Our performance this quarter brings forth the resilience of our business model. We are significantly scaling up operations and focused on improving profitability. With a steady flow of high-value domestic orders in this quarter and a robust project pipeline across both domestic and international markets, we are poised to capitalise on emerging opportunities. We continue to drive growth, enhance operational excellence and deliver unparalleled value to our stakeholders.”

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.