Sterling & Wilson Renewable Energy Ltd Q1FY24; 57% fall in Revenue

Sterling and Wilson Solar Ltd is one of the leading end-to-end solar engineering, procurement and construction (EPC) solutions provider globally and is also engaged in the operation and maintenance (O&M) of solar power projects. The company is backed by strong parentage of the Shapoorji Pallonji Group (SP Group).

Financial Results:

Sterling & Wilson Renewable Energy Ltd reported Revenues for Q1FY24 of ₹515.00 Crores down from ₹1,207.00 Crore year on year, a fall of 57.33%.

Total Expenses for Q1FY24 of ₹617.00 Crores down from ₹1,569.00 Crores year on year, a fall of 60.68%.

Consolidated Net Profit of -₹95.00 Crores from -₹356.00 Crores in the same quarter of the previous year.

The Earnings per Share is -₹5.03, from -₹18.66 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.