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Sterling & Wilson Wins ₹823cr Order, Q2 Boost

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Synopsis:

Sterling and Wilson Renewable Energy secures an ₹823 crore order, boosting Q2 inflows to ₹2,050 crore. The company's order book hits a record ₹10,500 crore.

Sterling and Wilson Renewable Energy news today

Sterling and Wilson Renewable Energy Limited (SWSOLAR) has announced a significant boost in its business with a fresh order worth ₹823 crore received on Monday. This addition brings the total order inflow for the second quarter of the fiscal year 2025 to an impressive ₹2,050 crore. The company's unexecuted order book now stands at a record high of ₹10,500 crore, with all recent orders originating from domestic sources.

STRLNG & WIL REN ENE LTD

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484.95-4.14 (-0.84 %)

Updated - 13 December 2024
488.50day high
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471.55day low
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1347190
VOLUME (BSE)

Financial performance in the first half of FY 2024-25

The Board of Directors at Sterling and Wilson reviewed the unaudited standalone and consolidated financial results for the quarter and the half-year ending on September 30, 2024. The financial health of the company has shown substantial growth with significant figures reported:

  • Standalone revenue from operations amounted to ₹995.97 crore for Q2, reaching ₹1,881.44 crore for the first half of the year.

  • On a consolidated basis, revenue for Q2 was slightly higher at ₹1,030.49 crore, accumulating to ₹1,945.55 crore for the first half-year.

  • Profit before tax on a standalone basis rose to ₹85.68 crores for the quarter, totalling ₹168.65 crores for the six months.

  • The consolidated profit before tax for Q2 was reported at ₹20.07 crore, with a six-month total of ₹34.73 crore.

Robust growth and strategic positioning

This fiscal quarter has marked a period of robust growth for Sterling and Wilson, driven by strategic positioning in the renewable energy sector and a strong influx of domestic orders. The company's financial strength is evidenced not only by increased revenue but also by substantial profits and a growing comprehensive income, which stood at ₹78.04 crore on a standalone basis for the quarter.

Market impact on Sterling & Wilson share price

Following the announcement of the new orders and financial results, the Sterling & Wilson share price is likely to reflect positive market sentiment. Investors and market watchers will closely monitor the share price movement, considering the company’s substantial gains in revenue and profit, along with its record-high order book.

The significant order inflow in Q2 marks a pivotal moment for Sterling and Wilson Renewable Energy, reinforcing its position as a leader in the renewable energy sector and underlining its financial solidity and strategic growth trajectory. The company's sustained performance and promising financial results suggest a strong outlook for the upcoming quarters.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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