Sterling and Wilson Renewable Energy returned to profit in the September quarter of FY27, reporting a net profit of ₹19.2 crore against a loss of ₹473.2 crore in the same period last year. However, revenue fell 12.6% year-on-year to ₹1,527.5 crore from ₹1,748.6 crore.
Operating performance improved, with earnings before interest, tax, depreciation and amortisation rising to ₹56 crore from ₹4 crore a year earlier. The EBITDA margin, which measures operating profitability, increased to 3.7% from 0.2%. For the first half of FY27, the company reported a profit after tax of ₹70 crore, compared with a loss of ₹439 crore in the year-ago period.
Order book stands at ₹12,480 croreSWREL's unexecuted order book stood at ₹12,480 crore, providing visibility into potential future revenue. The company said its order book grew 34% year-on-year in the first half of FY27. It recently secured domestic and international orders worth more than ₹985 crore.
These include a 534.3 megawatt-peak solar project in Rajasthan, two battery energy storage system projects in South Africa with a combined capacity of 616 megawatt-hours , and the West Minya Solar Power Project in Egypt. The Egyptian project was secured through SWREL's joint venture with Hassan Allam Construction.
SWREL shares closed 3.06% higher at ₹177 on the NSE on Thursday.