Categories Earnings, Energy

Sterling & Wilson Renewable Energy Ltd Q1FY24 results out, revenue drops by over 57%

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).

  • Sterling & Wilson Renewable Energy Ltd Reported Total Revenue for Q1FY24 of ₹515 Crore down from ₹1,207 Crore year on year, a decline of 57%.
  • Total Expenses for Q1FY24 was ₹552 Crore down from ₹1,551 Crore year on year, a decline of 64%.
  • Consolidated Net Profit was -(₹95) Crore, up 73% from -(₹356) Crore in the same quarter of the previous year.
  • The Earnings per Share is -(₹5.03), up 73% from -(₹18.66) in the same quarter of the previous year.

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