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Sterling and Wilson Renewable Energy Limited Q4 FY26 results deck summary

NSE: SWSOLAR · BSE: 542760

Results deck of 23 Apr 2026, summarised by AI from the filing.

Management expects EPC gross margins to stabilize around 8-10% depending on Turnkey/BOS, and O&M at ~20%

Key takeaways

  1. Gross margin guidance Management expects EPC gross margins to stabilize around 8-10% depending on Turnkey/BOS, and O&M at ~20%
  2. Domestic EPC Domestic EPC has been the key growth engine, with UOV of ₹9,251 cr as of Mar 26
  3. Litigation impact FY26 reported PAT was a loss of ₹296 cr, impacted by exceptional items primarily related to litigation matters reported during Q2-Q3

Original filing on BSE

Sterling and Wilson Renewable Energy Limited Q1 FY27 results

As filed: Revenue ₹1,590 cr (−10% year on year), EBITDA ₹78.7 cr (−8% year on year), PAT ₹53.3 cr (+37% year on year), EBITDA margin 5.0% (+7 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹1,946 cr (−23% year on year), EBITDA ₹146 cr (+9% year on year), PAT ₹142 cr (+157% year on year), EBITDA margin 7.5% (+217 bps). Score 23 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA growth was below it; profit growth was above it. EBITDA margin rose 217 bps year on year. Other income 34% of PBT. Tax rate 8%. Consolidated profit +157% but standalone -185%. Revenue fell 7% from last quarter. Profit rose ₹86.6 cr on a year ago, more than the ₹54.0 cr it added the year before. Share price after the results: −9.4% in 29 days (Nifty 500: −1.5%).
  • Q3 FY26: Revenue ₹2,092 cr (+14% year on year), EBITDA ₹67.0 cr (−4% year on year), PAT ₹1.6 cr (−14% year on year), EBITDA margin 3.2% (−61 bps). Score 12 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend. EBITDA margin fell 61 bps year on year. Other income 423% of PBT. Tax rate 65%. Profit fell 54% from last quarter. Share price after the results: −1.2% in 29 days (Nifty 500: −0.7%).
  • Q2 FY26: Revenue ₹1,749 cr (+70% year on year), EBITDA ₹5.0 cr (−72% year on year), PAT −₹478 cr (+285% year on year), EBITDA margin 0.3% (−146 bps). Score 66 of 100, Above trend. Revenue growth was below the company's own trend. EBITDA margin fell 146 bps year on year. Revenue rose ₹719 cr on a year ago, more than the ₹270 cr it added the year before. Share price after the results: −5.5% in 28 days (Nifty 500: +1.2%).
  • Q1 FY26: Revenue ₹1,762 cr (+93% year on year), EBITDA ₹86.0 cr (+244% year on year), PAT ₹39.0 cr (+300% year on year), EBITDA margin 4.9% (+215 bps). Score 58 of 100, In line with trend. Revenue growth was below the company's own trend. EBITDA margin rose 215 bps year on year. Other income 28% of PBT. Tax rate 48%. Revenue fell 30% from last quarter. Revenue rose ₹847 cr on a year ago, more than the ₹400 cr it added the year before. Share price after the results: −20.1% in 28 days (Nifty 500: −3.2%).
  • Q4 FY25: Revenue ₹2,519 cr (+114% year on year), EBITDA ₹134 cr (+300% year on year), PAT ₹55.0 cr (+300% year on year), EBITDA margin 5.3% (+277 bps). Score 57 of 100, In line with trend. Revenue growth was in line with the company's own trend. EBITDA margin rose 277 bps year on year. Tax rate 37%. Revenue grew on the previous quarter, against its usual seasonal pattern. Revenue rose ₹1,341 cr on a year ago, more than the ₹1,090 cr it added the year before. Share price after the results: −16.1% in 29 days (Nifty 500: +2.7%).
  • Q3 FY25: Revenue ₹1,837 cr (+215% year on year), EBITDA ₹70.0 cr, PAT ₹17.0 cr, EBITDA margin 3.8% (+655 bps). Score 84 of 100, Above trend. Revenue growth was above the company's own trend. EBITDA margin rose 655 bps year on year. Tax rate 59%. Revenue rose ₹1,254 cr on a year ago, more than the ₹176 cr it added the year before.
  • Q2 FY25: Revenue ₹1,030 cr (+36% year on year), EBITDA ₹18.0 cr (+300% year on year), PAT ₹9.0 cr, EBITDA margin 1.8% (+162 bps). Score 79 of 100, Above trend. EBITDA margin rose 162 bps year on year. Other income 170% of PBT. Tax rate 60%. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Sterling and Wilson Renewable Energy Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.