Sterling and Wilson Renewable Energy Ltd (SWREL), a leading home-grown renewable EPC, announced its results for the first quarter of FY26. The company reported strong growth in revenue at 93 percent YoY in Q1, aided by a higher execution pace in domestic and international EPC projects, despite domestic execution challenges due to cross-border tension.

Gross margins improved to 11.7 percent (gross profit at INR 205 crore) in Q1 as compared to 11.1 percent (gross profit at INR 102 crore) in Q1 FY25, aided by the softening of key input costs. Gross margins across key segments—Domestic EPC, International EPC, and O&M—witnessed improvement and have trended higher in Q1.

SWREL reported Q1 EBITDA at INR 102 crore (5.8 percent EBITDA margin) as against INR 37 crore in Q1 FY25. The EBITDA is up 176 percent YoY, facilitated by higher margins and stable recurring overheads. Q1 FY26 PAT of INR 39 crore has increased 680 percent YoY.

Speaking on the quarter results, CK Thakur, Global CEO, Sterling and Wilson Renewable Energy Group, shared, “SWREL’s Q1 FY26 results reflect the strong focus on execution and a disciplined approach in our financial strategy. Our operational efficiency demonstrated in all the markets has driven a steadfast revenue growth of 93 percent year-on-year. As we deepen our presence in India, our priority will always be to deliver unmatched value through performance, innovation, and a robust clean energy portfolio.”

For more information: www.sterlingandwilsonre.com