Sterling and Wilson Renewable Energy Ltd, a leading renewable EPC solutions provider, has reported an INR 915 crore revenue for the first quarter of FY 2025, a 78% increase from INR 515 crore in the same period of the previous fiscal. Revenue from EPC business was INR 858.61 crore. Operation and maintenance service contributed INR 56.45 crore to the revenue.
The company posted a net profit (profit after tax) of around INR 5 crore in Q1 FY 2025, marking the second consecutive quarter witnessing a positive PAT.
Sterling and Wilson Renewable Energy reported a strong order inflow of INR 2,170 crore in Q1 FY 2025. This includes international orders worth INR 1,154 crore and domestic orders worth INR 1,016 crore. The unexecuted order value stands at INR 9,396 crore as on July 18, 2024.
Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group, said, “Our results reflect our strong business revival, and robust ordering momentum. We are happy to be selected by some of our esteemed customers for some of their large projects and our teams are well geared to meet the massive growth opportunity ahead of us. With a robust project pipeline and strong balance sheet, we are confident of tapping the huge 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 operations & maintenance services under turnkey EPC and BoS (Balance of System) solutions for utility-scale, rooftop and floating solar power projects. It also offers solar plus storage solutions. The company has an EPC portfolio of 19.4 GWp and O&M portfolio of 8.2 GWp globally.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.