Sterling and Wilson Renewable Energy Q3 revenue up 215% YoY

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Sterling and Wilson Renewable Energy Ltd (SWREL), an Indian multinational renewable EPC solutions provider, has reported consolidated revenues of INR 1,837 crore in the third quarter (Oct-Nov-Dec.) of FY 2025, its second highest quarterly revenue milestone since going public. The revenue is up 215% year-on-year and 78% quarter-on-quarter driven by an accelerated pace of execution in both domestic and international EPC projects. Aided by operational efficiencies, the company has achieved positive operational EBITDA for past three consecutive quarters now.

The company achieved a profit before tax (PBT) of INR 41 crore this quarter compared to INR 20 crore previously. Its Q3 net debt also decreased sequentially by INR 150 crore to INR 175 crore, owing to improved cash flows and indemnity receipts during the quarter.

The order inflow momentum continues to remain strong and the company has achieved order inflows of INR 5,679 crore in the nine-month period including two domestic order wins in the third quarter.

CK Thakur, CEO – Asia, Africa, LATAM & Europe, Sterling and Wilson Renewable Energy Ltd, shared, “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 capitalize on emerging opportunities.”

 

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