Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Sterling & Wilson Renewable Energy Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 88 | 515 | 760 | 583 | 1,178 | 915 | 1,030 | 1,837 | 2,519 | 1,762 | 1,749 | 2,092 | 1,946 |
| Expenses + | 441 | 552 | 758 | 599 | 1,149 | 890 | 1,012 | 1,767 | 2,386 | 1,676 | 1,745 | 2,025 | 1,800 |
| Operating Profit | -352 | -37 | 1 | -16 | 29 | 25 | 18 | 70 | 134 | 85 | 4 | 67 | 146 |
| OPM % | -398% | -7% | 0% | -3% | 2% | 3% | 2% | 4% | 5% | 5% | 0% | 3% | 7% |
| Other Income + | -2 | 7 | 17 | 27 | 33 | 13 | 34 | 5 | -13 | 21 | -469 | -12 | 53 |
| Interest | 60 | 62 | 64 | 68 | 25 | 19 | 28 | 31 | 31 | 29 | 36 | 47 | 42 |
| Depreciation | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | -418 | -95 | -50 | -61 | 34 | 15 | 20 | 41 | 87 | 75 | -503 | 4 | 154 |
| Tax % | 1% | -0% | 9% | 3% | 96% | 67% | 57% | 58% | 37% | 48% | -5% | 65% | 8% |
| Net Profit + | -421 | -95 | -55 | -62 | 1 | 5 | 9 | 17 | 55 | 39 | -478 | 2 | 142 |
| EPS in Rs | -22.01 | -5.03 | -2.86 | -2.73 | 0.06 | 0.18 | 0.30 | 0.64 | 2.37 | 1.37 | -20.26 | -0.12 | 5.76 |
Financials of Sterling & Wilson Renewable Energy Ltd
Annual income statement trend
| Mar 2018 13m | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 6,872 | 8,240 | 5,575 | 5,081 | 5,199 | 2,015 | 3,035 | 6,302 | 7,548 |
| Expenses + | 6,330 | 7,582 | 5,246 | 5,458 | 6,102 | 3,139 | 3,043 | 6,038 | 7,246 |
| Operating Profit | 542 | 658 | 329 | -377 | -903 | -1,124 | -7 | 264 | 302 |
| OPM % | 8% | 8% | 6% | -7% | -17% | -56% | -0% | 4% | 4% |
| Other Income + | 13 | 209 | 303 | 158 | 95 | 111 | 85 | 40 | -407 |
| Interest | 23 | 100 | 220 | 105 | 87 | 151 | 234 | 127 | 154 |
| Depreciation | 3 | 8 | 14 | 17 | 15 | 15 | 17 | 14 | 11 |
| Profit before tax | 529 | 759 | 398 | -340 | -910 | -1,179 | -172 | 163 | -270 |
| Tax % | 15% | 16% | 24% | -15% | 1% | -0% | 22% | 47% | 9% |
| Net Profit + | 451 | 638 | 304 | -290 | -916 | -1,175 | -211 | 86 | -296 |
| EPS in Rs | 281.98 | 39.85 | 19.34 | -17.80 | -47.94 | -61.65 | -9.09 | 3.49 | -13.25 |
| Dividend Payout % | 0% | 0% | 31% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Sterling & Wilson Renewable Energy Ltd
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 16 | 19 | 19 | 23 | 23 | 23 |
| Reserves | 181 | 825 | 1,065 | 646 | 898 | -244 | 946 | 984 | 626 |
| Borrowings + | 184 | 2,228 | 1,234 | 479 | 446 | 2,030 | 516 | 936 | 1,191 |
| Other Liabilities + | 4,540 | 2,323 | 2,719 | 2,568 | 2,137 | 1,386 | 2,816 | 3,687 | 3,476 |
| Total Liabilities | 4,920 | 5,392 | 5,034 | 3,709 | 3,500 | 3,190 | 4,301 | 5,630 | 5,317 |
| Fixed Assets + | 21 | 31 | 45 | 46 | 42 | 44 | 56 | 46 | 41 |
| CWIP | 3 | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 4,896 | 5,360 | 4,985 | 3,663 | 3,457 | 3,146 | 4,244 | 5,584 | 5,276 |
| Total Assets | 4,920 | 5,392 | 5,034 | 3,709 | 3,500 | 3,190 | 4,301 | 5,630 | 5,317 |
Financials of Sterling & Wilson Renewable Energy Ltd
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 251 | -723 | 338 | 201 | -1,690 | -1,829 | 538 | 38 | -257 |
| Cash from Investing Activity + | -15 | -924 | 1,018 | 409 | 949 | -12 | -5 | -75 | -107 |
| Cash from Financing Activity + | -141 | 1,972 | -1,313 | -853 | 978 | 1,431 | -286 | 317 | 103 |
| Net Cash Flow | 95 | 325 | 43 | -243 | 238 | -410 | 248 | 280 | -261 |
| Free Cash Flow | 233 | -732 | 323 | 185 | -1,700 | -1,838 | 538 | 34 | -268 |
| CFO/OP | 61% | -94% | 142% | -70% | 185% | 161% | -6,962% | 43% | -68% |
Financials of Sterling & Wilson Renewable Energy Ltd
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 97 | 84 | 133 | 61 | 55 | 143 | 100 | 73 | 87 |
| Inventory Days | 1 | 0 | |||||||
| Days Payable | 253 | 195 | |||||||
| Cash Conversion Cycle | -155 | 84 | 133 | 61 | 55 | 143 | 100 | 73 | -108 |
| Working Capital Days | 13 | 14 | 33 | 13 | 17 | 32 | 89 | 25 | 6 |
| ROCE % | 50% | 23% | -14% | -66% | -65% | 4% | 17% | 26% |