Sterling and Wilson Renewable Energy Ltd, a leading Indian multinational in renewable EPC services, reported operational revenue of INR 1,030.49 crore for Q2 FY 2024-25, marking a 36% year-on-year increase and a 13% rise from the previous quarter. The company recorded a net profit of INR 8.57 crore, continuing its profitability streak for the third consecutive quarter.
During the second quarter, the company secured orders (including Letters of Intent) worth approximately INR 2,050 crore, with a recent order of INR 823 crore. All orders this quarter were from domestic clients, bringing the company’s unexecuted order value to over INR 10,500 crore.
Amit Jain, Global CEO of Sterling and Wilson Renewable Energy Group, commented on the results, stating, “Our strong performance this quarter reflects our ongoing business revival and the momentum we’ve gained in securing substantial orders. We’re proud to be entrusted with large-scale projects by our valued clients, and our teams are well-prepared to capitalize on future growth opportunities.”
Jain further emphasized the importance of sustainability, noting that solar energy is central to the global shift toward clean energy. He reaffirmed the company’s commitment to delivering high-quality projects and exceeding customer expectations as solar power continues to grow worldwide.
Sterling and Wilson Renewable Energy is a global EPC provider specializing in utility-scale solar, floating solar, and hybrid energy storage solutions, with a project portfolio exceeding 20.7 GWp. The company also manages an operation and maintenance portfolio of 7.8 GWp across 28 countries, including projects constructed by third parties. Its operations span across India, Southeast Asia, the Middle East, Africa, Europe, Australia, and the Americas.
