SWREL Q1 FY27 UOV Hits Record ₹13,000 Cr
Sterling and Wilson Renewable Energy Limited (SWREL) announced its Q1 FY27 results, achieving its highest-ever Unexecuted Order Value (UOV) of approximately INR 13,000 crore post-Covid. The company secured a significant USD 560 million project in Egypt through a 50% stake in a joint venture, marking a landmark mandate for a 1,000 MW-AC solar PV plant with a 600 MWh battery energy storage system. SWREL reported a 36% year-on-year growth in Profit After Tax (PAT) and a 40% YoY increase in O&M revenue, driven by its expanding O&M portfolio. The company also reduced its term debt by approximately INR 160 crore sequentially. The domestic EPC segment continues to be a growth engine with a healthy order book of INR 7,900 crore, ensuring revenue visibility and steady gross margins.
Key Highlights
- Q1 FY27 Unexecuted Order Value (UOV) reached a record ~INR 13,000 crore.
- Secured a USD 560 million JV project in Egypt for a 1,000 MW solar PV plant with BESS.
- PAT grew 36% YoY, while O&M revenue increased 40% YoY.
- Term debt reduced by ~INR 160 crore sequentially.
- Bid pipeline exceeds 27.7 GW across solar, wind, storage, and O&M.
Price Impact
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