Sterling & Wilson Renewable Energy Ltd
Sterling & Wilson Renewable Energy Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Guidance for current fiscal year (FY26) sales growth is maintained at 15% to 20% over FY25. Revenue growth guidance for FY26 and FY27: 15% to 20% over the previous year.
From Sterling & Wilson Renewable Energy Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Guidance for current fiscal year (FY26) sales growth is maintained at 15% to 20% over FY25.
- The company expects similar growth rates to continue in the coming years.
- For FY27, there is anticipation of strong order inflows, with bids potentially surpassing 30 gigawatts.
- Long-term framework agreements such as the 1 gigawatt per year orders from major clients (e.g., Adani) suggest a minimum of 1 gigawatt execution annually, possibly more.
- There is an increasing focus on profitable, multiyear capacity rollouts with repeatable scopes helping revenue visibility.
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
- The transcript does not mention any specific current or planned capital expenditure (capex) or strategic investments explicitly.
- Focus appears to be on operational scaling, order book growth (over INR10,413 crores unexecuted orders), and expansion in EPC project execution, including international projects and capacity build-up.
- Capacity expansion is implied by comments on building separate setups to handle large clients like Reliance and continuing to scale up operations to meet growing orders.
- They mention raising fresh funds of around INR2,500 crores since the start of the fiscal (fund-based and non-fund-based limits), supporting business scaling but no direct capex use detailed.
2 more points management made on capital expenditure plans
Fundraising & Capital Structure
See what Sterling & Wilson Renewable Energy Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The unexecuted order book stands at INR 10,413 crores, providing healthy and diversified revenue visibility.
- Current bid pipeline is around 8.4 GW, down from 25.4 GW last quarter.
- Received around INR 3,000 crores worth of orders in the current quarter.
- Confident of achieving INR 4,000 crores in orders from the 8.4 GW bid pipeline, supported by being L1 in a large PSU project and advanced stages of closing private IPP and international orders.
- Approximately 15%-20% of overall revenue or order book expected from international projects.
2 more points management made on order book & pipeline
Sterling & Wilson Renewable Energy Ltd — Quarterly revenue & net profit
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.
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What Sterling & Wilson Renewable Energy Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Sterling & Wilson Renewable Energy Ltd Q3 FY26 results?
Guidance for current fiscal year (FY26) sales growth is maintained at 15% to 20% over FY25. Revenue growth guidance for FY26 and FY27: 15% to 20% over the previous year.
What is Sterling & Wilson Renewable Energy Ltd share price analysis?
Sterling & Wilson Renewable Energy Ltd currently shows a neutral. The stock trades at a P/E of 15.7 with a market cap of ₹4,890 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sterling & Wilson Renewable Energy Ltd planning capital expenditure?
The transcript does not mention any specific current or planned capital expenditure (capex) or strategic investments explicitly.
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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.