Sterling and Wilson Renewable Energy Ltd Announces 50% Revenue Growth, Turns EBITDA Positive in FY24

Sterling and Wilson Renewable Energy Ltd announced its Q4 and FY24 financial results, revealing a 50% revenue growth to INR 3,035 crore. The company turned EBITDA positive at INR 54 crore, aided by a strong rebound in financials and the growing domestic EPC business. The consolidated financials reported positive PBT and PAT in Q4. The company attained gross margins in excess of 10% in FY24 and a net debt reduction of over 90%. The unexecuted order value grew 64%, showcasing robust future growth prospects.