Earnings call transcript: Sterling and Wilson Renewable Q2 2026 profit improves

Sterling and Wilson Renewable Energy Ltd. reported a mixed Q2 FY 2027, with a significant improvement in profitability, despite revenue still being pressured by project delays. The company's profit before tax and profit after tax both improved to INR 17 crores, up from a loss of INR 478 crores in the same quarter last year. Revenue fell to INR 1,527 crores from INR 1,749 crores a year earlier, while H1 revenue dropped 11% from INR 3,510 crores in the same period last year.

However, there were positive signs, with domestic EPC revenue rising 13% in H1 and O&M revenue climbing 48%, indicating a shift towards more stable business lines. Management maintained its full-year revenue growth guidance at up to 10%, though it was below the earlier 10%-15% target.

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