Sterling and Wilson Renewable Energy Announces FY2026 Standalone and Consolidated Financial Results

Sterling and Wilson Renewable Energy Announces FY2026 Standalone and Consolidated Financial Results​

Sterling and Wilson Renewable Energy Ltd. has announced its audited financial results for the year and quarter ended March 31, 2026. The company released the results, which included both standalone and consolidated figures, confirming an unmodified opinion on the financial statements from the statutory auditors, Kalyaniwalla & Mistry LLP and Deloitte Haskins & Sells LLP.

The reported figures indicate significant changes in the Group's financial position, particularly regarding total assets and the profitability for the year.

Consolidated Financial Highlights​

The consolidated financial results provide an overview of the Parent Company and its subsidiaries, which are collectively involved in the turnkey solution for Engineering, Procurement, Construction, Operation, and Maintenance of Renewable Energy Power projects.

The Group's total income increased to ₹7,751.72 crore for the year ended March 31, 2026, compared to ₹6,341.46 crore in the previous year. However, the consolidated loss for the year rose to ₹295.79 crore, a substantial decline from the ₹85.55 crore loss reported in the previous year.

The financial performance across key areas is summarized below:

Standalone Performance Summary​

The standalone financials also reported a decrease in profitability year-on-year. Total income for the standalone entity stood at ₹6,342.38 crore in the financial year 2026, compared to ₹5,592.38 crore in 2025. The net loss for the year increased to (₹2,510.18) crore, compared to a profit of ₹318.26 crore in 2025.

Key figures for the standalone entity between the two fiscal years:

Key Operational and Accounting Highlights​

Segment Revenue
The Group’s revenue from operations, both standalone and consolidated, shows a pattern of strong segment performance. For the year ended March 31, 2026, the total segment revenue reached ₹7,545.81 crore (Consolidated) and ₹6,161.57 crore (Standalone). The Engineering, Procurement, and Construction (EPC) business remained the dominant segment in both cases.

Exceptional Items and Impairments
The reported results included significant exceptional items that impacted the overall profitability. For the year ended March 31, 2026, the Group recognized an exceptional item amounting to (₹610.94) crore. This charge related to the dismissal of claims and additional legal costs for a Wholly Owned Subsidiary following a contract termination dispute.

The impairment of financial assets was also a notable factor, with an impairment loss of ₹60.03 crore recognized in the consolidated results for the year ended March 31, 2026.

Indemnity Agreement
In both standalone and consolidated reports, the Group highlighted the Indemnity Agreement dated December 29, 2021, signed with Shapoorji Pallonji and Company Private Limited, Khurshed Yazdi Daruvala, and Reliance New Energy Limited (the Promoter Selling Shareholders). The agreement covers certain legal and regulatory matters and liquidated damages, stating that the Promoter Selling Shareholders would indemnify the company and its subsidiaries/branches if such claims exceed ₹300.00 crore.

Financial Position Snapshot​

The consolidated balance sheet shows total assets at ₹5,317.42 crore as of March 31, 2026, down slightly from ₹5,630.02 crore recorded a year earlier. Total equity attributable to owners stood at ₹649.75 crore, reflecting the changes in the overall financial position of the Group.

SWSOLAR Stock Price Movement​

Shares of Sterling and Wilson Renewable Energy Limited are edging higher to ₹224.15 as of 1:51 PM, having rallied 2.52% in live trading. The stock traded on a robust volume of 12.02 million shares, signaling strong positive momentum as the market approaches its mid-afternoon session.