Sterling and Wilson Renewable Energy Ltd
P&L
Quarterly Consolidated
vs Q2 FY26
Sterling and Wilson Renewable Energy Revises Order Inflow Guidance To More Than INR 11,000 Cr for FY26
15 Jan 2026 · 15 Jan, 3:42 pm
Summary
Sterling and Wilson Renewable Energy Limited (SWREL) announced its results for the third quarter of FY26, reporting an impressive ~48% YoY growth in top-line, achieving revenue of INR 5,602 crore in 9MFY26. The company has revised its new order inflow guidance for Fiscal 2026 to more than INR 11,000 crore (+60% YoY) due to continued ordering momentum. The company also signed a 5-year framework agreement with Adani Green and secured its first BOS order from them.
Key Highlights
- 1
New orders of INR 3,086 crore in Q3 and a robust pipeline for Q4 gives the company the confidence to revise its order booking guidance to over INR 11,000 crore this fiscal
- 2
Unexecuted Order Value (UOV) has soared to ~INR 10,413 crore driven by strong order inflows of INR 6,929 crore in the first 9 months
- 3
Top-line growth continues to remain robust at INR 5,602 crore in 9MFY26 vis-a-d-vis INR 3,783 crore in 9MFY25, which is ~48% YoY growth
- 4
Operational EBITDA in the first 9 months is INR 289 crore as compared to INR 134 crore for QMFY25 (+115% YoY)
Management Comments
Mr. C. K. Thakur
Global CEO, Sterling and Wilson Renewable Energy Group
SWREL has delivered robust revenue growth displaying our strong execution skills in the domestic segment. The marquee order from Adani Green and signing a strategic 5-year framework agreement with them is an important milestone reflecting the strong faith placed in our company’s execution by globally renowned RE developers. Furthermore, our continued order inflows and growing opportunities across domestic and international markets underscore the strong potential of our business, reinforcing SWREL’s visibility and quality of its growth pipeline.
Informational and educational content only. Not investment advice.