Consulting services company Sterling and Wilson Renewable Energy announced Q1FY25 results:
- Order / LOI inflow of Rs 2,170 crore from 5 new projects mainly from repeat customers with huge expansion plans
- YOY revenue growth of 78%
- 2nd consecutive quarter of positive EBIDTA, PBT and PAT
- Healthy gross margin at 11%
- Reduction in overheads from the previous year
- Net debt continues to improve at Rs 97 crore vis-à-vis Rs 116 crore in March 2024
- Balance sheet continues to strengthen in Q1FY25 and poised to capitalize on the overall industry growth
Speaking on the quarter results, Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group shared, “Our results reflect our strong business revival, and robust ordering momentum. We are happy to be selected by some of our esteemed customers for some of their large projects and our teams are well geared to meet the massive growth opportunity ahead of us. With a robust project pipeline and strong balance sheet, we are confident of tapping the huge growth and are well-positioned to continue this upward trajectory and deliver enhanced value to all our stakeholders.”
Sustainability is the future and solar energy will spearhead this transformation towards a cleaner tomorrow. As the world increasingly embraces solar energy, our team’s dedication to delivering highquality projects and exceeding customer expectations remains unwavering”, he added.