SWSOLAR Posts Record FY26 Revenue of ₹7,548 Cr, PAT ₹142 Cr, Order Growth 43%
Sterling and Wilson Renewable Energy (SWSOLAR) reported record FY26 revenue of ₹7,548 crore, a 20% YoY increase. The company achieved its highest quarterly PAT of ₹142 crore in Q4 FY26 and commissioned 4.5 GW AC. Order inflow grew 43% YoY to ₹10,062 crore, with an unexecuted order value of ₹11,813 crore.
The announcement details record financial performance, significant order book growth, and strategic expansion, which are material events likely to positively impact investor sentiment and the company's stock.
The company reported record revenues, highest-ever quarterly PAT, significant order inflow growth, and improved margins, indicating strong financial and operational performance.
Sterling and Wilson Renewable Energy Limited (SWREL) has announced its audited consolidated and standalone financial results for the quarter and year ended March 31, 2026. The company achieved its highest-ever annual turnover since listing, with revenues reaching ₹7,548 crore in FY26, marking a steady ~20% year-on-year growth.
In FY26, SWREL demonstrated record execution by commissioning approximately 4.5 GW AC capacity across India and international markets, the highest annual capacity delivered to date. This has contributed to the Unexecuted Order Value (UOV) reaching ₹11,813 crore, the highest since the COVID period. The company also secured an order inflow of ₹10,062 crore in FY26, a robust 43% year-on-year growth, with 12 projects won.
Financially, the company recorded its highest-ever quarterly Profit After Tax (PAT) since listing at ₹142 crore in Q4 FY26. Gross margins expanded to 10.5% in FY26 from 10.1% in FY25, reflecting improved operational efficiencies. Operational EBITDA increased by 53% year-on-year to ₹444 crore. The net debt decreased by ₹149 crore compared to the previous quarter, driven by healthy cash flow momentum and scheduled repayments.
The Operations and Maintenance (O&M) portfolio has surged by 50% year-on-year to 13.5 GW, securing steady annual recurring revenue. Mr. Chandra Kishore Thakur, Global CEO, stated that FY26 was SWREL's strongest period, with strong revenue visibility and stability provided by the order book and O&M platform. He also highlighted the company's diversification into Wind and BESS projects as key drivers for future growth.
SWREL has also been declared L1 bidder for a 1,182 MWdc turnkey project from Coal India and secured a Balance of System (BOS) order for a 50 MWdc project from a leading Indian IPP, further strengthening its order pipeline for FY27.
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Sterling and Wilson Renewable Energy Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Sterling and Wilson Renewable Energy Limited. Read the original for the full detail.