Sterling and Wilson Renewable Energy Reports 215 Percent YoY Revenue Growth in Q3 FY25
Sterling and Wilson Renewable Energy Ltd. (SWREL) reported 215 percent YoY revenue growth in Q3 FY25, driven by strong domestic and international EPC project execution, achieving its second-highest quarterly revenue milestone since going public.
January 17, 2025. By Mrinmoy Dey
The company has achieved its second highest quarterly revenue milestone since going public in Q3 FY25. Aided by operational efficiencies, the company has achieved positive operational EBITDA for past three consecutive quarters now.
The company achieved a Profit Before Tax (PBT) of INR 41 crore this quarter compared to INR 20 crore previously. The company’s 3Q net debt has also decreased sequentially by ~INR 150 crore to INR 175 crore, owing to improved cash flows and indemnity receipts during the quarter.
Speaking on the quarter results, CK Thakur, CEO - Asia, Africa, LATAM and Europe, Sterling and Wilson Renewable Energy Ltd. shared, “Our performance this quarter brings forth the resilience of our business model. We are significantly scaling up operations and are focused on improving profitability. With a steady flow of high-value domestic orders in this quarter and a robust project pipeline across both domestic and international markets, we are poised to capitalise on emerging opportunities. We continue to drive growth, enhance operational excellence and deliver unparalleled value to our stakeholders.”
The order inflow momentum continues to remain strong and the company has achieved order inflows of INR 5,679 crore in the nine-month period including two domestic order/LOA wins in the third quarter.
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