Sterling and Wilson Renewable Energy Limited (SWREL), has announced its financial results for the second quarter and half year ended September 30, 2026, reporting a significant turnaround in profitability and growth in its order book.
The company reported a profit after tax (PAT) of INR 70 crore for H1 FY27, marking a significant turnaround from the loss of INR 439 crore recorded in H1 FY26. The company reported a profit of INR 17 crore and revenue at INR 1,527 crore in Q2 FY27. The company also continued to strengthen its Operations and Maintenance (O&M) business, with H1 FY27 O&M revenue increasing 48% year-on-year to INR 183 crore from INR 124 crore in the corresponding period last year
SWREL’s strong order inflows across domestic and international markets have supported business growth and strengthened its project pipeline. Recent wins, including a 534.3 MWp solar project in Rajasthan, two BESS projects in South Africa with a combined capacity of 616 MWh, and the West Minya Solar Power Project in Egypt through its joint venture with Hassan Allam Construction, underscore the company’s growing capabilities across solar EPC and energy storage in domestic as well as international markets. These projects further reinforce SWREL’s presence in renewable sector and provide a strong foundation for sustained growth.
Speaking on the results announcement, Mr. Chandra Kishore Thakur, Global CEO, Sterling and Wilson Renewable Energy, said, “Our performance in the first half of FY27 reflects the progress we have made in strengthening our business and enhancing operational efficiency. The steady growth in our O&M business, coupled with strong order inflows across domestic and international markets, reinforces our capabilities across renewable energy EPC and energy storage. As we continue to build on this momentum, our focus remains on disciplined execution, operational efficiency and converting our growing project pipeline into sustainable, profitable growth.”
