Sterling & Wilson Board Approves Quarterly Results, Appoints New Senior VP

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. The board meeting concluded at 12:15 p.m. on January 15, 2026.

Financial Performance Highlights

The Board of Directors of Sterling and Wilson Renewable Energy Limited have approved the unaudited financial results for Q3 2026. Key figures from the standalone results include:

  • Revenue from operations: ₹1,805.51 crore
  • Profit before exceptional items and tax: ₹69.74 crore
  • Exceptional items: ₹(2,638.42) crore
  • Profit/(loss) after tax: ₹73.09 crore
  • The board also reviewed the consolidated financial results, which included:

  • Revenue from operations: ₹2,092.21 crore
  • Profit before exceptional items and tax: ₹35.23 crore
  • Exceptional items: ₹(30.84) crore
  • Profit/(loss) after tax: ₹1.55 crore
  • Leadership Change

    Rajesh Mittal has been appointed as the Senior Vice President – Information Technology, starting January 20, 2026. Mr. Mittal holds an MBA from the Indian Institute of Management, Kozhikode, and a B.Tech. in Electronics and Telecommunications. He has 25 years of experience in IT, including in strategic technology planning and execution.

    Emphasis on Key Matters

    The auditors drew attention to the Indemnity Agreement dated December 29, 2021, and the write-off and impairment of the Company’s investment in a wholly-owned subsidiary during the nine months ended December 31, 2025.

    Source: BSE

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