Sterling and Wilson Renewable Energy Limited’s board has approved the unaudited standalone and consolidated financial results for Q3 2026 and the nine months ending December 31, 2025. Additionally, Rajesh Mittal has been appointed as Senior Vice President – Information Technology, effective January 20, 2026, further strengthening the company’s leadership team and strategic direction.
Financial Results Highlights
The Board of Directors at Sterling and Wilson Renewable Energy Limited has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The results were reviewed by the Audit Committee before board approval.
Leadership Appointment
Rajesh Mittal has been appointed as the Senior Vice President – Information Technology (IT) and Senior Management Personnel of the company, effective January 20, 2026. This appointment is aimed at enhancing the company’s IT strategy and capabilities.
Standalone Financial Performance
Key figures from the Unaudited Standalone Financial Results:
- Revenue from operations: ₹1,805.51 crore for Q3 2026.
- Total Income: ₹1,838.19 crore for Q3 2026.
- Profit before exceptional items and tax: ₹69.74 crore for Q3 2026.
- Profit/ (loss) for the period: ₹73.09 crore for Q3 2026.
For the nine months ended December 31, 2025:
- Revenue from operations: ₹4,444.69 crore.
Consolidated Financial Performance
Key figures from the Unaudited Consolidated Financial Results:
- Revenue from operations: ₹2,092.21 crore for Q3 2026.
- Total Income: ₹2,110.79 crore for Q3 2026.
- Profit before exceptional items and tax: ₹35.23 crore for Q3 2026.
- Profit/ (loss) for the period: ₹1.55 crore for Q3 2026.
For the nine months ended December 31, 2025:
- Revenue from operations: ₹5,602.44 crore.
Emphasis on Matters
The auditor’s report contains an emphasis of matter related to an Indemnity Agreement dated December 29, 2021. This agreement pertains to potential recoveries from Promoter Selling Shareholders related to liquidated damages, old receivables, and tax litigations, exceeding ₹300.00 crore.
Additional Auditor Notes
The Auditor reports also indicate that the company’s subsidiaries and branches’ financial information was reviewed by their respective auditors, for both India and overseas operations and accordingly have been relied on, for preparing the consolidated statements.
Source: BSE
