SWSOLAR Q1 FY27: Revenue INR 1,590 Cr, PAT INR 53 Cr. Bags Egypt Project.
Sterling and Wilson Renewable Energy Limited reported Q1 FY27 revenue of INR 1,590 crore and PAT of INR 53 crore, up 36% YoY. The company secured a ~INR 2,641 crore project in Egypt. Unexecuted Order Value reached a record INR 13,024 crore. O&M portfolio grew to 18.3 GW.
The announcement includes crucial financial results and a significant new project win, which will directly impact the company's revenue and order book, thus having a high impact on its future performance.
The company reported a YoY increase in PAT and secured a significant new project, contributing to a record unexecuted order value. The O&M portfolio also showed substantial growth, indicating positive future prospects.
Sterling and Wilson Renewable Energy Limited (SWREL) has announced its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026 (Q1 FY27). The company reported a revenue of INR 1,590 crore, a decrease from INR 1,762 crore in Q1 FY26 and INR 1,946 crore in Q4 FY26. The Gross Profit stood at INR 157 crore, with a Gross Margin of 9.9% for the quarter. EBITDA was INR 96 crore, and the Profit After Tax (PAT) was INR 53 crore, marking a 36% year-on-year increase from INR 39 crore in Q1 FY26, although lower than INR 142 crore in Q4 FY26.
The company secured a significant turnkey project in Egypt, valued at approximately USD 560 million (~INR 2,641 crore), through a 50-50 joint venture. SWREL's share in this project amounts to approximately USD 280 million. This development contributes to a record Unexecuted Order Value (UOV) of INR 13,024 crore as of June 30, 2026.
The O&M (Operations & Maintenance) portfolio has expanded to approximately 18.3 GW as of June 2026, showing a substantial YoY growth. O&M revenue is anticipated to improve significantly this fiscal due to the increased portfolio size. The company expects Gross Margins for EPC businesses to stabilize around 8-10%, and O&M margins around 20%.
SWREL's balance sheet shows a decrease in bank borrowings by approximately INR 129 crore compared to the previous quarter due to scheduled repayments. Net working capital remains negative at INR 260 crore as of June 2026. The company is focused on leveraging its strong execution record, global presence, and in-house engineering capabilities to drive future growth.
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