Sterling and Wilson Renewable Energy Reports 93% Revenue Growth in Q1 FY26

Sterling and Wilson Renewable Energy Limited (SWREL) has announced its financial results for the first quarter of FY26, reporting a strong 93% year-on-year revenue growth.

The growth was driven by an accelerated execution pace in both domestic and international EPC projects, despite ongoing challenges in domestic operations due to cross-border tensions.

Gross margins improved to 11.7% in Q1 FY26, with gross profit at ₹205 crore, compared to 11.1% and ₹102 crore in Q1 FY25. The improvement was supported by the softening of key input costs. All major segments, Domestic EPC, International EPC, and O&M, saw margin expansion during the quarter.

SWREL reported Q1 EBITDA at INR 102 crore (5.8% EBITDA margin) as against INR 37 crore in Q1 FY25. The EBITDA is up 176% YoY, facilitated by higher margins and stable recurring overheads. Q1 FY26 PAT of INR 39 crore has increased 680% YoY.

CK Thakur, Global CEO, Sterling and Wilson Renewable Energy Group shared, "SWREL's Q1 FY26 results reflect the strong focus on execution and a disciplined approach in our financial strategy. Our and operational efficiency demonstrated in all the markets have driven a steadfast revenue growth of 93% year-on-year. As we deepen our presence in India, our priority will always be to deliver unmatched value through performance, innovation, and a robust clean energy portfolio.”