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Sterling & Wilson Renewable Energy Ltd

Q1 FY27Construction

Sterling & Wilson Renewable Energy Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹178
Market cap₹4.1K Cr
P/E13.2
Updated23 Sept 2026
Read4 min read

What the Q1 FY27 call signalled

2 of 4 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned
Order bookOrder book rising

The short version

Order book has crossed INR13,000 crores, with expected order book growth of 10% to 15% by FY27 end. Sterling and Wilson Renewable Energy expects overall top-line growth of 10% to 15% for FY27, driven by strong order inflows and execution ramp-up in H2 FY27.

From Sterling & Wilson Renewable Energy Ltd's Q1 FY27 earnings-call transcript · updated 23 Sept 2026.

Revenue & Sales Performance

Moderate growth
  • Order book has crossed INR13,000 crores, with expected order book growth of 10% to 15% by FY27 end.
  • Q1 FY27 revenue was INR1,590 crores, lower due to delayed project execution; however, a 10% to 15% overall revenue growth is expected for FY27.
  • Significant revenue pickup anticipated in Q3 and Q4 FY27 as new orders begin execution.
  • O&M segment to grow strongly with capacity rising from 13.5 GW to 18.3 GW in one quarter; expected to reach 25 GW by FY28.
  • O&M revenue expected to increase from ~INR90 crores quarterly to INR400-450 crores annually in current year.
  • EPC gross margins expected to be between 8% and 10%, O&M margins around 20%.

2 more points management made on revenue & sales performance

Profitability & Margins

See what Sterling & Wilson Renewable Energy Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • No explicit mention of current or future capital expenditure (capex) or strategic investments in the provided pages.
  • Focus on execution of ongoing projects including large-scale battery energy storage system (BESS) and solar projects, e.g., India’s largest floating solar plant and Reliance's battery gigafactory collaboration.
  • Working capital and credit lines are being managed with diversified lenders to support growth, but no specific fresh credit lines or capex plans detailed.
  • Company is augmenting manpower and resources for execution readiness, especially for major Reliance projects.

2 more points management made on capital expenditure plans

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Ranked on what management guided this quarter

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Sterling & Wilson Renewable Energy Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Order book rising
  • As of FY26, Sterling and Wilson Renewable Energy Limited has an order book of approximately INR13,000 crores.
  • The company expects order book growth of 10% to 15% over the last year's base, targeting more than INR10,000 crores in this financial year.
  • The order book at the start of FY27 is anticipated to be slightly higher than the current year's closing number.
  • The bid pipeline is robust, with an estimated INR45,000 to INR50,000 crores of orders expected, corresponding to around 25 gigawatts of utility-scale solar and 35 gigawatt-hours of Battery Energy Storage System (BESS).

2 more points management made on order book & pipeline

Sterling & Wilson Renewable Energy Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.9K Cr, net profit ₹142 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Sterling & Wilson Renewable Energy Ltd Q1 FY27 results?

Order book has crossed INR13,000 crores, with expected order book growth of 10% to 15% by FY27 end. Sterling and Wilson Renewable Energy expects overall top-line growth of 10% to 15% for FY27, driven by strong order inflows and execution ramp-up in H2 FY27.

What is Sterling & Wilson Renewable Energy Ltd share price analysis?

Sterling & Wilson Renewable Energy Ltd currently shows a below-average growth signal. The stock trades at a P/E of 13.2 with a market cap of ₹4,112 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sterling & Wilson Renewable Energy Ltd planning capital expenditure?

No explicit mention of current or future capital expenditure (capex) or strategic investments in the provided pages.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.