Business Update18 Jul 2024, 08:08 pm
Sterling and Wilson Renewable Energy Ltd Achieves 78% YoY Revenue Growth in Q1 FY25
AI Summary
Sterling and Wilson Renewable Energy Ltd (SWREL) reported a 78% YoY revenue growth in Q1 FY25, driven by a strong order inflow of INR 2,170 crore from 5 new projects, mainly from repeat customers. The company has maintained a positive EBIDTA, PBT, and PAT for the 24th consecutive quarter and has improved its net debt to INR 97 crore. SWREL, a leading home-grown renewable EPC, has regained its market standing as the leading solar EPC in India post its QIP.
Key Highlights
- Order/LOI inflow of INR 2,170 crore from 5 new projects mainly from repeat customers
- 24 consecutive quarter of positive EBIDTA, PBT and PAT
- Healthy gross margin at 11%
- Net debt improvement to INR 97 crore in June 2024
- Strong balance sheet and robust project pipeline