Sterling and Wilson Renewable Energy Ltd (SWREL), a leading Indian multinational renewable EPC provider, has reported a revenue of INR 1,762 crore for the first quarter of FY 2026, marking a robust 93% year-on-year increase from INR 915 crore in Q1 FY 2025. The growth was driven by accelerated execution of domestic and international EPC projects, despite challenges in India due to cross-border tensions.
Domestic EPC operations contributed INR 1,265 crore to the Q1 revenue, with international EPC accounting for another INR 437 crore and the operations and maintenance segment adding INR 60 crore.
Gross profit for the quarter rose to INR 205 crore, aided by softening of key input costs, with gross margins improving to 11.7% from 11.1% in Q1 FY 2025. Domestic EPC contributed INR 137 crore to gross profit, international EPC INR 54 crore, and operations and maintenance INR 14 crore.
Net profit (PAT) stood at INR 39 crore for Q1 FY 2026, a substantial 680% increase from INR 5 crore in the same quarter last year.
Speaking on the quarterly results, CK Thakur, Global CEO, Sterling and Wilson Renewable Energy Group, said, “SWREL’s Q1 FY26 results reflect the strong focus on execution and a disciplined approach in our financial strategy. Our and operational efficiency demonstrated in all the markets have driven a steadfast revenue growth of 93% year-on-year.”
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