Sterling and Wilson Renewable Energy (SWREL) achieved a significant financial turnaround in Q2 FY27, posting a net profit of ₹19.2 crore compared to a massive loss of ₹473.2 crore in the same period last year. According to reports from CNBC TV18, this recovery demonstrates the company's improved operational performance despite challenging market conditions. The company also reported a profit after tax of ₹70 crore for the first half of FY27, compared with a loss of ₹439 crore in the year-ago period, indicating sustained improvement in financial performance.
The company's revenue declined 12.6% year-on-year to ₹1,527.5 crore from ₹1,748.6 crore in the corresponding quarter last year. However, as reported by CNBC TV18, this revenue decline was offset by significant improvements in profitability metrics and operational efficiency. The company's EBITDA rose to ₹56 crore from ₹4 crore a year earlier, with the EBITDA margin increasing to 3.7% from 0.2%, indicating enhanced operational efficiency and profitability.
SWREL's operational performance showed marked improvement with EBITDA rising to ₹56 crore from ₹4 crore a year earlier. The EBITDA margin increased to 3.7% from 0.2%, indicating enhanced operational efficiency and profitability. According to CNBC TV18, this margin expansion demonstrates the company's improved cost management and operational leverage, with the EBITDA growth reflecting better operational performance across the business.
The company's unexecuted order book stands at ₹12,480 crore, providing strong visibility into future revenue streams. As reported by CNBC TV18, the order book grew 34% year-on-year in the first half of FY27, reflecting robust business prospects. Recent order wins include projects in Rajasthan, South Africa, and Egypt worth more than ₹985 crore. These include a 534.3 megawatt-peak solar project in Rajasthan, two battery energy storage system projects in South Africa with a combined capacity of 616 megawatt-hours, and the West Minya Solar Power Project in Egypt secured through SWREL's joint venture with Hassan Allam Construction.
SWREL shares closed 3.06% higher at ₹177 on the NSE on Thursday, reflecting positive market sentiment following the quarterly results. According to CNBC TV18, the stock performance indicates investor confidence in the company's financial turnaround and growth prospects, supported by the strong order book and improved operational metrics. The market response reflects investor optimism about the company's operational improvements and future revenue visibility from its substantial order book.
