Sterling and Wilson Renewable Energy Ltd (NSE:SWSOLAR)

Q2 2026 Sterling and Wilson Renewable Energy Ltd Earnings Call Transcript

Oct 17, 2025 / 12:00 PM GMT

Release Date Price: ₹226.47 (-6.83%)

Transcript

Key Points

Positve

Sterling and Wilson Renewable Energy Ltd (BOM:542760) reported a 70% year-on-year revenue growth in Q2 FY26, indicating strong operational performance.
The company secured five new orders, including its first international order of the year from South Africa, highlighting its expanding global footprint.
The domestic solar EPC market is growing rapidly, with Sterling and Wilson Renewable Energy Ltd (BOM:542760) securing significant projects, including a 304 MW project in Howrah.
The company maintains a strong order book of approximately INR 9,287 crore, with 84% comprising domestic projects, ensuring a steady pipeline of work.
Sterling and Wilson Renewable Energy Ltd (BOM:542760) continues to focus on profitable growth, targeting a margin range of 10-11% and sustaining margins of over 20-23%.

Negative

The company faced significant legal challenges, resulting in a one-time non-cash impact of INR 580 crore due to arbitration losses and settlements.
Sterling and Wilson Renewable Energy Ltd (BOM:542760) had to write off INR 485 crore from its consolidated books, impacting its financial results.
The Nigerian project continues to face delays, causing investor concerns due to its prolonged timeline.
The company's net debt increased during the quarter, partly due to higher vendor payments and a new term loan.
There is a potential risk of credit rating downgrades due to the erosion of the company's net worth, which could impact future financing costs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

STEN.NS - Sterling and Wilson Renewable Energy Ltd
Q2 2026 Sterling and Wilson Renewable Energy Ltd Earnings Call
Oct 17, 2025 / 12:00PM GMT

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Presentation
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Ladies and gentlemen, good day and welcome to Sterling and Wilson Renewable Energy Limited Q2 FY26 earnings conference call.

This conference call may contain forward-looking statements about the company which are based on beliefs, opinions and expectations of the company as on the date of this call.

These statements are not the guarantees of future performance and involve risk and uncertainties that are difficult to predict.

As a reminder, all participant

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