Sterling and Wilson Renewable Energy logo

Sterling and Wilson Renewable Energy results

NSE: SWSOLARBSE: 542760ConstructionSmall Cap

Formerly Sterling and Wilson Solar
Last close ₹142.13down ₹6.30 (4.24%)BSE ₹142.40

Share price at the NSE close on 23 Oct 2026. Previous close ₹148.43.

52-week range of traded prices to 23 Oct 2026
₹139.24Low, 23 Oct 2026₹260.80High, 23 Jun 2026
Market cap
₹3,319 Cr810th largest listed
P/E
16.2
P/E without one-offs
14.1
P/B
4.6
Dividend yield
Nonein the last 12 months
ROE
34.4%
ROE without one-offs
39.6%
ROCE
20.4%
Debt to equity
1.28
Volume, NSE
20,39,94742.5% delivered

Q2 results, quarter to Sep 2026

Consolidated: the company and its subsidiaries together. ₹ crore.Sterling and Wilson Renewable Energy annual results and balance sheet

Revenue
₹1,528 Cr−12.6% on a year ago · −3.9% on the quarter before
Operating profit
₹56 Cr+1,331.1% on a year ago · −28.7% on the quarter before
Net profit
₹17 Cr−68.4% on the quarter before
Earnings per share
₹0.82−64.7% on the quarter before
Operating margin
3.7%
Net margin
1.1%

From revenue to net profit, ₹ crore

  1. Revenue1,528
  2. Materials and goods−1,387
  3. Employee costs−51
  4. Other expenses−33
  5. Operating profit56
  6. Depreciation−3.7
  7. Other income+14
  8. Finance costs−50
  9. Profit before tax17
  10. Tax0.0
  11. Net profit17

Sterling and Wilson Renewable Energy results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Sep 2026. Results for the quarter to Dec 2026 are due by 14 Feb 2027, 45 days after it ends.Results filings and date

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
₹ croreDec 2021Q3Filed 14 FebMar 2022Q4Filed 8 AprJun 2022Q1Filed 13 JulSep 2022Q2Filed 13 OctDec 2022Q3Filed 20 JanMar 2023Q4Filed 21 AprJun 2023Q1Filed 14 JulSep 2023Q2Filed 31 OctDec 2023Q3Filed 19 JanMar 2024Q4Filed 22 AprJun 2024Q1Filed 19 JulSep 2024Q2Filed 15 OctDec 2024Q3Filed 16 JanMar 2025Q4Filed 12 JunJun 2025Q1Filed 17 JulSep 2025Q2Filed 17 OctDec 2025Q3Filed 15 JanMar 2026Q4Filed 23 AprJun 2026Q1Filed 16 JulSep 2026Q2Filed 15 Oct
Revenue from operations1,4951,0711,207313407885157605831,1789151,0301,8372,5191,7621,7492,0921,9461,5901,528
1,8861,1951,5516834714415527585991,1498901,0121,7672,3861,6761,7452,0251,8001,5111,471
Materials and goods bought1,7901,1301,3875724403624566945181,0548139271,6652,2561,5631,6371,9161,7211,4331,387
Employee costs5955606463615956524547474858444442505051
Other expenses371010448−3217378305031385471686467292933
Operating profit before depreciation−391−124−344−370−64−352−371−1629251870134854671467956
Operating margin−26.2%−11.6%−28.5%−118.4%−15.7%−398.2%−7.2%0.2%−2.8%2.5%2.7%1.8%3.8%5.3%4.9%0.2%3.2%7.5%4.9%3.7%
Depreciation and amortisation44334434444433333334
Other income72349811−2717273313345−132111119532014
Finance costs2819153338606264682519283131293647423950
Profit before one-off items and tax−416−123−358−308−95−418−95−50−6134152041877577351545717
One-off items000000000000000−580−31000
Profit before tax−416−123−358−308−95−418−95−50−61341520418775−50341545717
123−2−1044052321012243236−2631330
Tax rate–––––––––95.9%67.1%57.3%58.3%36.6%48.2%–64.7%8.1%6.0%0.1%
−429−127−356−299−99−421−95−55−62159175539−47821425317
Other comprehensive income−38−314641−23−380−26−16−28−4−17−13−17−40−5726200−7
Total comprehensive income−467−158−310−258−122−459−95−81−78−271−8438−1−534281625410
Net margin−28.7%−11.8%−29.5%−95.5%−24.4%−476.2%−18.5%−7.2%−10.7%0.1%0.5%0.8%0.9%2.2%2.2%−27.3%0.1%7.3%3.4%1.1%
Earnings per share−₹26.31–−₹18.66−₹15.65−₹5.34−₹22.00−₹5.03−₹2.86−₹3.31₹0.06₹0.18₹0.30₹0.64₹2.37₹1.37−₹20.27−₹0.12₹5.76₹2.32₹0.82
Diluted earnings per share−₹26.31–−₹18.66−₹15.65−₹5.34−₹22.00−₹5.03−₹2.86−₹3.31₹0.06₹0.18₹0.30₹0.63₹2.37₹1.37−₹20.27−₹0.12₹5.76₹2.32₹0.82
Earnings per share in rupees, restated for later splits and bonuses.

Filed results, as an XML file each

16 earlier filings

Segment results by quarter

Consolidated, ₹ crore, quarters to Sep 2026.Sterling and Wilson Renewable Energy segment results by year

  • EPC business

    Revenue, ₹ crore
    Profit, ₹ crore

  • Operation and maintenance service

    Revenue, ₹ crore
    Profit, ₹ crore

  • Other operating income

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue of all businesses5831,1789151,0301,8372,5191,7621,7492,0911,9461,5901,528
Company revenue, as in its results5831,1789151,0301,8372,5191,7621,7492,0921,9461,5901,528
Revenue5251,1248599701,7762,4591,7011,6852,0281,8631,5041,428
Revenue growth50.9%2,740.2%83.7%37.1%238.1%118.8%98.1%73.7%14.2%−24.2%−11.6%−15.3%
Profit591308687157259183102183209138115
Profit growth––54.8%61.7%166.8%99.8%112.6%17.5%16.1%−19.3%−24.8%12.6%
Margin11.2%11.5%10.0%8.9%8.9%10.5%10.8%6.1%9.0%11.2%9.2%8.0%
Assets2,8343,1683,1353,5263,9803,8473,4513,2272,9303,1503,0833,672
Liabilities2,3242,6212,5662,8533,3513,4902,7862,8972,9353,2113,0813,300
Capital employed510547569673629357665330−5−612372
Revenue575456606159606463818599
Revenue00–1–100–111
Revenue––––1–––1–––
Profit is before tax and finance costs, the way companies report their segments.