Sterling and Wilson Renewable Energy (SWREL) reported its second-quarter results for FY25, highlighting a strong revenue growth of 36% year-over-year and 13% quarter-over-quarter. The company also secured significant orders and Letters of Intent (LOI) amounting to approximately ₹2,050 crore during the quarter, including a notable order worth ₹823 crore.
As reported by constructionweekonline.in, SWREL received its highest-ever unexecuted order book, exceeding ₹10,500 crore. The company marked its third consecutive quarter of positive EBITDA, profit before tax (PBT), and profit after tax (PAT), with consolidated gross margins remaining steady at around 10%.
Amit Jain, Global CEO of Sterling and Wilson Renewable Energy Group said, “Our second-quarter results reflect our ongoing business revival and sustained momentum in securing major orders. We are privileged to have been selected by our esteemed clients for large-scale projects, and our teams are well-prepared to capitalize on the growth opportunities ahead. With a strong project pipeline and a solid financial foundation, we are poised to capture significant growth and continue our upward trajectory, delivering greater value to all stakeholders”.
He further emphasized, “The future is rooted in sustainability, with solar energy leading the way toward a cleaner world. As solar power continues to gain global traction, our team remains fully committed to delivering exceptional projects and surpassing customer expectations”.
