Sterling & Wilson Renewable Energy Ltd's Q3FY25 Quarter Results
- 22 Jan 2025
Result Summary
- Sterling & Wilson Renewable Energy Ltd reported a 73.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 201.9%.
- Its expenses for the quarter were up by 72.5% QoQ and 168.5% YoY.
- The net profit increased 100.0% QoQ and decreased 127.5% YoY.
- The earnings per share (EPS) of Sterling & Wilson Renewable Energy Ltd stood at 0.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1842.67 | 1064.45 | 610.31 | 73.1% | 201.9% |
Total Expenses | 1801.58 | 1044.38 | 671.10 | 72.5% | 168.5% |
Profit Before Tax | 41.09 | 20.07 | -60.79 | 104.7% | -167.6% |
Tax | 23.95 | 11.50 | 1.60 | 108.3% | 1396.9% |
Profit After Tax | 17.14 | 8.57 | -62.39 | 100.0% | -127.5% |
Earnings Per Share | 0.60 | 0.30 | -3.30 | 100.0% | -118.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Sterling & Wilson Renewable Energy Ltd is a company engaged in the renewable energy sector, specializing in solar energy solutions. The company provides engineering, procurement, and construction (EPC) services for utility-scale solar power projects. It is part of the larger Sterling & Wilson group, which has a significant presence in several sectors, including electrical, mechanical, and public health engineering services. Sterling & Wilson Renewable Energy Ltd has been actively involved in expanding its footprint in the global solar EPC market, leveraging its expertise in executing large-scale projects across various geographical locations. Recent developments include efforts to enhance technological integration and efficiency in project execution, although specific recent events are not provided in the current data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Sterling & Wilson Renewable Energy Ltd reported a total income of ₹1,842.67 crores. This marks a substantial increase of 73.1% when compared to the previous quarter (Q2FY25), where the total income stood at ₹1,064.45 crores. On a year-over-year basis, the revenue growth is even more pronounced, showing an increase of 201.9% from the ₹610.31 crores recorded in the third quarter of the fiscal year 2024 (Q3FY24). The significant rise in total income over both the quarter and the year reflects a period of robust revenue expansion for the company.
Profitability
The profitability metrics for Sterling & Wilson Renewable Energy Ltd in Q3FY25 indicate notable improvements. The company achieved a profit before tax of ₹41.09 crores, which is a 104.7% increase from the ₹20.07 crores reported in Q2FY25. Compared to the same quarter in the previous year, where the company had a loss before tax of ₹60.79 crores, there is a considerable turnaround. After accounting for taxes, the profit after tax in Q3FY25 was ₹17.14 crores, reflecting a 100% increase from ₹8.57 crores in Q2FY25, and a substantial improvement from a loss of ₹62.39 crores in Q3FY24. The earnings per share (EPS) also improved to ₹0.60 in Q3FY25 from ₹0.30 in Q2FY25, and from a negative EPS of ₹-3.30 in Q3FY24.
Operating Metrics
Sterling & Wilson Renewable Energy Ltd's operating metrics for Q3FY25 demonstrate a significant increase in total expenses, which rose to ₹1,801.58 crores. This represents a 72.5% increase from Q2FY25, where expenses were ₹1,044.38 crores. Year-over-year, the expenses increased by 168.5% from ₹671.10 crores in Q3FY24. Despite the rise in expenses, the company managed to achieve profitability, as indicated by the profit before tax and profit after tax metrics. The tax expense for Q3FY25 was ₹23.95 crores, up from ₹11.50 crores in Q2FY25, and significantly higher than ₹1.60 crores in Q3FY24. The increase in tax expenses is consistent with the rise in profitability.
