Key takeaway: Sterling and Wilson Renewable Energy Limited (SWSOLAR) presented its unaudited financial results for the quarter and half year ended September 30, 2026. The company reported revenue of INR 1,527 crore for Q2 FY27, a decrease from both the previous quarter and the same period in the prior year, primarily due to lower execution in the International EPC segment. Domestic EPC revenue grew by 12.6% year-over-year to INR 2,768 crore in H1 FY27, while O&M revenue increased by approximately 55% year-over-year to INR 99 crore. The company's gross margin improved to 9.2% in Q2 FY27 compared to 8.9% in Q2 FY26. As of September 2026, the company's order book (UOV) stood at INR 12,481 crore, with INR 3,626 crore in new orders received in H1 FY27. The company's net working capital remained negative at INR 301 crore as of September 2026, with borrowings decreasing by INR 244 crore compared to March 2026. The company highlighted its strong global presence, with projects in 20 countries and offices in 28 countries, and noted its leadership in solar EPC and O&M solutions.

Key takeaway: Sterling and Wilson Renewable Energy Limited provided an investor presentation detailing its unaudited financial results for the quarter ended June 30, 2026. The presentation highlighted the company's position as a leading solar EPC and O&M solutions provider, with a global operational portfolio of 28.7 GWp in EPC and 18.3 GWp in O&M. Key financial highlights for Q1 FY27 included a revenue of INR 1,590 crore, a gross profit of INR 157 crore, and a reported PAT of INR 53 crore, reflecting a 36% year-over-year increase. The company reported a record unexecuted order value of INR 13,024 crore and noted a significant growth in its O&M portfolio. Management indicated that the domestic EPC segment remains a key growth driver, while the O&M segment is at a pivotal point of expansion. The presentation emphasized the company's commitment to sustainability and social responsibility initiatives.

Key takeaway: Sterling and Wilson Renewable Energy Limited reported significant operational and financial achievements during the Q4 FY26 earnings conference call. Management highlighted that the company secured new orders exceeding INR10,000 crores, marking a record high in order bookings. The unexecuted order value reached INR11,800 crores, providing visibility for future earnings. The company commissioned approximately 4.5 gigawatts AC of solar projects, representing about 15% of India's total solar installations for the fiscal year. Management noted a strong growth in the operations and maintenance segment, which has expanded to a portfolio of 13.5 gigawatts. Financially, the company achieved its highest annual turnover of INR7,548 crores, with a quarterly PAT of INR142 crores. However, the company faced challenges due to commodity price volatility and geopolitical tensions, which impacted order execution in Q4. Management expressed confidence in maintaining a growth rate of around 15% for the upcoming fiscal year.

Key takeaway: Sterling and Wilson Renewable Energy Limited presented its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company reported a revenue of INR 7,548 crore for FY26, marking a 20% year-over-year increase, and achieved its highest annual turnover since listing. The operational EBITDA reached INR 444 crore, reflecting a 53% growth year-over-year. The order inflow for FY26 was approximately INR 10,062 crore, with a current unexecuted order value of INR 11,813 crore, the highest level post-COVID. The O&M portfolio expanded to 13.5 GW, up from 8.7 GW in FY25. The presentation highlighted the company's strong market position as a leading solar EPC and O&M solutions provider, with a significant presence in both domestic and international markets.