Sterling and Wilson Renewable Energy Limited (SWREL), a leading home-grown renewable EPC firm, has reported a robust Q1 FY26 performance, with revenue surging 93% year-on-year to Rs1,762 crore. This growth was driven by accelerated execution across domestic and international EPC projects, despite operational challenges stemming from cross-border tensions.
Gross profit doubled to Rs205 crore, with margins improving to 11.7% from 11.1% in Q1 FY25, aided by softening input costs and margin expansion across Domestic EPC, International EPC, and O&M segments. EBITDA rose 176% YoY to Rs102 crore, reflecting a 5.8% margin, while PAT jumped 680% to Rs39 crore, up from Rs5 crore in the same quarter last year2.
Global CEO CK Thakur attributed the performance to SWREL’s disciplined financial strategy and operational efficiency across markets. He emphasized the company’s commitment to delivering value through innovation and a robust clean energy portfolio as it deepens its presence in India.
