Sterling and Wilson Renewable Energy Reports Record Unexecuted Order Value for Q1 FY27
Sterling and Wilson Renewable Energy Limited (SWREL) has announced its financial results for the first quarter of FY27, highlighting a significant milestone in its operational growth. The company reported that its Unexecuted Order Value (UOV) reached approximately INR 13,000 crore, representing the highest level recorded since the Covid period.The company secured a marquee international order valued at approximately USD 560 million for the West Minya Solar Power Project in the Minya Governorate of Egypt. Executed through a joint venture where SWREL holds a 50 percent stake with a leading regional contractor, the project features a 1,000 megawatt-AC solar PV plant integrated with a 600 megawatt-hour battery energy storage system. Upon completion, this will be among the largest utility scale renewable developments in Egypt.
The domestic EPC segment continues to serve as a primary growth engine for SWREL. The company maintains an order book of approximately INR 7,900 crore, providing revenue visibility with steady gross margins maintained at approximately 9 to 10 percent. Furthermore, the company has established a bid pipeline exceeding 27.7 GW across solar, wind, battery storage, and third-party operation and maintenance (O&M) services.
The following table summarizes the key financial and operational highlights for Q1 FY27:
| Metric | Performance Detail |
|---|---|
| Unexecuted Order Value (UOV) | ~INR 13,000 crore |
| Profit After Tax (PAT) Growth | 36% YoY |
| O&M Revenue Growth | 40% YoY |
| Domestic Order Book | ~INR 7,900 crore |
| Gross Margins | ~9-10% |
| Term Debt Reduction | ~INR 160 crore (Sequential) |
Operational updates indicate that the company's O&M revenue grew by 40 percent year over year as the total portfolio size continues to expand. Regarding the company's debt position, term debt saw a sequential decrease of approximately INR 160 crore due to scheduled repayments.
Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy Group, stated that the company remains confident in its prospects due to the robust UOV. He noted that the growing order book reflects customer confidence and emphasized that the experienced workforce is positioned to deliver projects on schedule.
SWREL currently manages an O&M portfolio of 18.3 GWp solar power projects and holds a total portfolio exceeding 28.7 GWp across various stages of construction. The company maintains a global presence with operations in India, South East Asia, the Middle East, Africa, Europe, Australia, and the Americas.
SWSOLAR Stock Price Movement
Sterling and Wilson Renewable Energy Limited shares tumbled 5.97% today to settle at ₹225.11. The stock saw significant activity with a trading volume of 2.94 million shares as it retreated from its opening price.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.