{"id":138778,"date":"2023-01-19T09:01:13","date_gmt":"2023-01-19T14:01:13","guid":{"rendered":"https:\/\/44.250.171.167\/?p=138778"},"modified":"2023-01-19T09:01:14","modified_gmt":"2023-01-19T14:01:14","slug":"sterling-and-wilson-renewable-energy-q3fy23-earnings-summary","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/sterling-and-wilson-renewable-energy-q3fy23-earnings-summary\/","title":{"rendered":"Sterling and Wilson Renewable Energy Q3FY23 Earnings Summary"},"content":{"rendered":"\n

One of the top global providers of full-service solar engineering, procurement, and construction (EPC) solutions, Sterling & Wilson Renewable Energy Ltd.<\/a> also specialises in the operation and maintenance (O&M) of solar power projects. The Shapoorji Pallonji Group is the company’s steadfast parent.<\/p>\n\n\n\n

Financial Results:<\/strong><\/h2>\n\n\n\n

Due in part to stronger contributions from the O&M division, revenue climbed by 1.7% QoQ. Revenue for 9 months ended in FY23 fell by 51.0% YoY as a result of a reduced contribution from ongoing EPC contracts. According to the investor presentation<\/a>, Gross margins continue to be restrained, mostly because of international EPC contracts.<\/p>\n\n\n\n

\"\"<\/a><\/figure><\/div>\n\n\n\n

O&M revenue made up 14.4% of total revenue in Q3FY23 and has increased 55% sequentially. O&M gross margins have increased sequentially from 13% in Q2FY23 to 6.7% in Q3FY23, although projects where O&M expenditures were paid but revenue recognition has not started because the customer has delayed complete handover continue to have an impact on them. PAT loss for the quarter decreased to \u20b9 99 crores from \u20b9 299 crores and \u20b9 429 crores, respectively, for the prior quarter and year, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

One of the top global providers of full-service solar engineering, procurement, and construction (EPC) solutions, Sterling & Wilson Renewable Energy Ltd. also specialises in the operation and maintenance (O&M) of solar power projects. The Shapoorji Pallonji Group is the company’s steadfast parent. Financial Results: Due in part to stronger contributions from the O&M division, revenue […]<\/p>\n","protected":false},"author":1885,"featured_media":138779,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,5746,10444,6352],"tags":[11363,1168,8976],"class_list":["post-138778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-energy-stocks","category-others","category-research-summary","tag-epc","tag-renewable-energy","tag-solar"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1264359239.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":167546,"url":"https:\/\/alphastreet.com\/india\/sterling-215-rise-in-revenue\/","url_meta":{"origin":138778,"position":0},"title":"Sterling & Wilson Renewable Energy Ltd Q3FY25; 215% rise in Revenue","author":"Chirag Gupta","date":"March 25, 2025","format":false,"excerpt":"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. 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