SWREL H1 FY27 PAT at ₹70 Crore, Revenue ₹1,527 Crore in Q2 FY27
Sterling and Wilson Renewable Energy Limited reported H1 FY27 PAT of ₹70 crore, a turnaround from a loss in H1 FY26. Q2 FY27 revenue was ₹1,527 crore with a PAT of ₹17 crore. The order book stands at ₹12,480 crore, with recent wins totaling over ₹985 crore. O&M portfolio grew to 18.9 GW.
The positive financial results, significant order wins, and turnaround in profitability indicate a strong positive impact on the company's financial health and future prospects.
The company reported a significant turnaround in profitability with a positive PAT and strong revenue growth, alongside substantial order book expansion and growth in the O&M portfolio.
Sterling and Wilson Renewable Energy Limited (SWREL) announced its financial results for the second quarter and half year ended September 30, 2026. The company reported a profit after tax (PAT) of ₹70 crore for H1 FY27, a significant turnaround from a loss of ₹439 crore in H1 FY26.
In Q2 FY27, SWREL recorded a profit of ₹17 crore and revenue of ₹1,527 crore. The Operations and Maintenance (O&M) business also showed strong growth, with H1 FY27 O&M revenue increasing by 48% year-on-year to ₹183 crore from ₹124 crore in the corresponding period last year.
The company secured new domestic and international orders totaling over ₹985 crore, including a 534.3 MWp solar project in Rajasthan, two BESS projects in South Africa with a combined capacity of 616 MWh, and the West Minya Solar Power Project in Egypt. The unexecuted order book stands at ₹12,480 crore, providing strong future revenue visibility. The O&M portfolio grew from 13.5 GW in March 2026 to 18.9 GW as of September 2026.
Mr. Chandra Kishore Thakur, Global CEO, stated, “Our performance in the first half of FY27 reflects the progress we have made in strengthening our business and enhancing operational efficiency. The steady growth in our O&M business, coupled with strong order inflows across domestic and international markets, reinforces our capabilities across renewable energy EPC and energy storage. As we continue to build on this momentum, our focus remains on disciplined execution, operational efficiency and converting our growing project pipeline into sustainable, profitable growth.”
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