Q4 2025 Sterling and Wilson Renewable Energy Ltd Earnings Call Transcript
Key Points
- Sterling and Wilson Renewable Energy Ltd (BOM:542760) achieved its highest quarterly revenue since listing, with a 114% year-on-year growth.
- The company reported a substantial full-year revenue growth of 108% year-on-year, reaching INR6,302 crores.
- The domestic order inflow showed a healthy year-on-year growth of nearly 21%, with significant contributions from the domestic market.
- The company has entered new growth markets, including battery energy storage solutions and wind EPC, expanding its service offerings.
- The unexecuted order value stands at over INR9,096 crores, providing good P&L visibility for upcoming quarters.
- The international order pipeline has become smaller, focusing on select projects in select geographies, leading to a decline in the overall pipeline.
- There are delays in the Nigeria project, with financial closure expected to take six to nine months post-order signing.
- The company faces strong competition in the domestic EPC sector, impacting market dynamics.
- There are concerns about domestic manufacturing of solar modules and cells trailing demand, posing risks to pricing and availability.
- The company experienced a ForEx loss in March 2025, impacting the reported EBITDA for the quarter.
Ladies and gentlemen, good day, and welcome to Sterling and Wilson Renewable Energy Limited Q4 and FY25 earnings conference call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectation of the company as on date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Sandeep Thomas Mathew, Head IR, for his opening remarks. Thank you, and over to you, sir.
Good morning, everyone, and welcome to our Q4 FY25 earnings call. We have with us today Mr. C.K. Thakur, our Global CEO; Ajit Pratap Singh, our CFO; and SGA, who are our Investor Relations advisers. We will start today's call with the key operational highlights for the quarter and the fiscal year and industry outlook by Mr. Thakur, followed
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