Sterling and Wilson Renewable Energy (SWREL) concluded FY26 with historic financial milestones, including a record annual revenue of INR 7,548 crore. The company achieved its highest-ever execution capacity of 4.5 GW AC, supported by a 43% year-on-year growth in order inflows. With a robust unexecuted order value of INR 11,813 crore and an expanded 13.5 GW O&M platform, the company is strategically positioned for accelerated growth in the upcoming fiscal year.
Record Financial and Operational Milestones
Sterling and Wilson Renewable Energy has delivered a strong performance for the fiscal year ending March 31, 2026. The company reported its highest-ever annual turnover of INR 7,548 crore, representing a steady 20% year-on-year growth. Profitability also saw a significant boost, with the company recording its highest-ever quarterly PAT of INR 142 crore during the final quarter of the fiscal year.
Operational efficiency improved during the period, with gross margins expanding to 10.5%, up from 10.1% in the previous fiscal year. Additionally, operational EBITDA increased by 53% to INR 444 crore, reflecting the company’s success in driving execution excellence.
Capacity Expansion and Future Outlook
A central achievement of FY26 was the commissioning of ~4.5 GW AC capacity across India and international markets, marking the company’s highest annual delivery to date. This momentum is further bolstered by a surge in the Operations & Maintenance (O&M) portfolio, which has grown by 50% year-on-year to 13.5 GW, providing long-term revenue stability.
Looking ahead to FY27, management remains optimistic, citing an unexecuted order value of INR 11,813 crore. The company has already secured significant mandates, including being declared the L1 bidder for a 1,182 MWdc turnkey project from Coal India and a 50 MWdc BOS order. Strategic diversification into Wind and Battery Energy Storage Systems (BESS) is expected to be a key driver for future domestic and international expansion.
Source: BSE
