Sterling and Wilson Renewable Energy (SWREL) announced its results for the second quarter of FY25, which witnessed a continued revenue growth of 36% YoY and QoQ of 13%. it has also bagged a strong order/ LOI inflow of around Rs 2,050 crore in Q2 FY25, including an order of Rs 823 crore.
SWREL continues its robust growth trajectory by attaining its highest-ever unexecuted order value of more than Rs 10,500 crore. The company also achieved a third consecutive quarter of positive EBITDA, PBT and PAT while consolidated gross margins remained stable at ~10%.
Amit Jain, global CEO, Sterling and Wilson Renewable Energy Group, shared, “Our second quarter performance highlights our continued business revival and sustained growth momentum in securing significant orders. We are honoured to have been chosen by some of our valued customers for their large-scale projects, and our teams are fully geared to meet the growth opportunities ahead. With a solid project pipeline and a strong financial foundation, we are confident in capturing this substantial growth, continuing our upward trajectory, and delivering enhanced value to all stakeholders.”
“The future lies in sustainability, with solar energy at the forefront of this transition to a cleaner world. As solar power gains global momentum, our team remains deeply committed to delivering top-tier projects and continuously exceeding the expectations of our customers,” he added.
