Sterling & Wilson Renewable Energy FY26 revenue ₹7,548 cr

FY26 update: revenue rose, losses persisted

Sterling and Wilson Renewable Energy Limited disclosed its financial performance for the quarter and year ended March 31, 2026, showing higher revenue but a consolidated net loss for the full year. Consolidated revenue from operations for FY26 came in at ₹7,548.05 crore, compared with ₹6,301.86 crore in the previous year. For the year, the company reported a consolidated net loss of ₹295.79 crore.

The update arrives as the renewable EPC player continues to navigate a mix of execution-related pressures and dispute-linked outcomes. The company said its results were affected by arbitration outcomes and project delays. Even so, it indicated it continues to carry a robust backlog and remains focused on its core Engineering, Procurement, and Construction (EPC) and Operation & Maintenance segments.

Consolidated and standalone numbers in focus

On a standalone basis, Sterling and Wilson Renewable Energy reported annual revenue of ₹6,163.81 crore for FY26. The gap between consolidated and standalone revenue reflects contributions from subsidiaries referenced in disclosures, including Sterling and Wilson Engineering Pvt Limited, Sterling and Wilson International Solar FZCO, and Sterling and Wilson Middle East Solar Energy LLC.

While the headline revenue growth points to business momentum, profitability remained under pressure for the year. The company’s FY26 consolidated net loss of ₹295.79 crore underscores the continuing impact of non-operating items and project-related challenges highlighted in its communication.

Exceptional items drove significant volatility

The FY26 financial results were impacted by exceptional items, which the company quantified separately for standalone and consolidated reporting. Exceptional items totaled ₹2,802.18 crore in the standalone results and ₹610.94 crore in the consolidated results. The company attributed these largely to impairment charges and arbitration-related outcomes.

Such exceptional items can materially reshape reported profit and loss even when operational activity, measured through revenue from operations, grows year-on-year. In Sterling and Wilson’s case, the disclosed exceptional items are large enough to remain a central part of how investors interpret the FY26 print.

What the company flagged on execution and disputes

Sterling and Wilson noted challenges stemming from arbitration outcomes and project delays. These issues can affect cost recognition, working capital cycles, and project timelines, especially in EPC-led businesses where milestone-based billing and completion schedules are critical.

At the same time, the company’s commentary emphasised continuity in strategy. It reiterated its focus on core EPC and Operation & Maintenance segments and pointed to a robust backlog. No backlog figure was provided in the supplied disclosures, but the company linked the backlog position to its ongoing operating focus.

Q4 results approval: board meet on April 23

The company is scheduled to announce its audited financial results for the fiscal year and fourth quarter ending March 31, 2026. It said the Board of Directors is set to meet on April 23 to approve the figures.

An investor and analyst conference call is scheduled for April 24. The company stated that Global CEO Chandra Kishore Thakur and CFO Ajit Pratap Singh will present performance and the strategic outlook on the call.

Earlier FY26 disclosures: January board meeting and earnings call

Separately, Sterling and Wilson informed BSE that its Board met on January 15, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, along with limited review reports issued by statutory auditors.

Following that, the company held an investor call on January 16, 2026, at 10:00 AM IST to discuss the unaudited results for the quarter and nine months ended December 31, 2025. Along with the CEO and CFO, Senior VP Investor Relations Sandeep Thomas Mathew was listed as a participant.

Q3FY26 snapshot: revenue growth, profit dipped

For the quarter ended December 31, 2025 (Q3FY26), Sterling and Wilson reported standalone revenue from operations of ₹1,805.51 crore, up from ₹1,487.29 crore, a growth of 21.40%. Total income for the quarter was ₹1,838.19 crore versus ₹1,535.50 crore, a rise of 19.70%.

In the same Q3FY26 disclosure set, the company reported net profit of ₹73.09 crore, though it was described as a 5.7% decline versus the comparable period. For the nine months ended December 31, 2025, standalone revenue from operations was ₹4,444.69 crore compared with ₹3,368.73 crore in the corresponding period of the previous year, indicating growth of 31.94%.

Key data table: FY26, Q3FY26, and upcoming dates

Stock and disclosure context from BSE

The disclosures referenced BSE as the source for multiple items, including board meeting intimations and outcomes. The provided market snapshot showed Sterling & Wilson Renewable Energy Ltd at ₹218.65, up 4.36%, with a timestamp of Apr 22, 2026 at 05:30:00 AM.

The company’s sequence of updates across the year, including quarterly board meetings and the April audited-results cycle, reflects a consistent exchange-led disclosure cadence. That timetable is likely to keep investor focus on the audited numbers and management’s discussion in the April 24 call.

Why the FY26 print matters

FY26 showed clear year-on-year growth in consolidated revenue from operations, but also highlighted the role of exceptional items in shaping the bottom line. The contrast between revenue momentum and reported losses is important for investors tracking the company’s progress toward steady profitability, which was cited as an ongoing objective in the supplied notes.

The next immediate checkpoint is the Board meeting on April 23, 2026, followed by the April 24 conference call where management is expected to walk through performance and near-term priorities, based on the company’s announced schedule.

Source: BSE