Sterling and Wilson Renewable Energy revenue up 78% year-over-year in Q1 – pv magazine India

Sterling and Wilson Renewable Energy Ltd, a leading EPC provider in renewable energy, reported a revenue of INR 915 crore for Q1 FY25, up 78% from INR 515 crore in the same period of the previous fiscal. EPC business contributed INR 858.61 crore to the revenue. Operations and maintenance services contributed INR 56.45 crore to the revenue.

The company reported a net profit (profit after tax) of around Rs 50 million in Q1 FY25, marking the second consecutive quarter with a positive net profit.

Sterling and Wilson Renewable Energy reported strong order inflow of INR 2,170 crore in Q1 FY25. This includes international orders worth INR 1,154 crore and domestic orders worth INR 1,016 crore. The outstanding order value is INR 9,396 crore as on July 18, 2024.

Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group, said, “Our results reflect the strong recovery in our business and solid order momentum. We are pleased to have been selected by some of our esteemed clients for some of their major projects and our teams are well positioned to address the tremendous growth opportunity that lies ahead. With a solid project execution pipeline and a strong balance sheet, we are confident of leveraging the tremendous growth and are well positioned to continue this upward trajectory and deliver enhanced value to all our stakeholders.”

Sterling and Wilson Renewable Energy offers design, detailed engineering, procurement, construction, installation, commissioning and operation and maintenance services for complete EPC and Balance of System (BoS) solutions for utility-scale, rooftop and floating solar power projects. It also offers solar and storage solutions. The company has a global EPC portfolio of 19.4 GWp and an O&M portfolio of 8.2 GWp.

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