Sterling and Wilson Renewable Q2 FY27 consolidated revenue Rs 1,527.50 cr; PAT Rs 16.82 cr

What the numbers show

• Net margin was 1.10% of revenue, against -27.31% a year earlier.
• Revenue fell 12.6% while total expenses fell 14.5%.

• Basis: Consolidated statement of unaudited financial results for the quarter ended 30-Sep-26, with prior quarter 30-Sep-25

• Revenue from operations: Rs 1,527.50 cr (Q2 FY26: Rs 1,748.60 cr)

• Other income (net): Rs 14.22 cr (Q2 FY26: Rs 111.05 cr)

• Total income: Rs 1,541.72 cr (Q2 FY26: Rs 1,859.65 cr)

• Cost of construction materials, stores and spare parts: Rs 955.39 cr (Q2 FY26: Rs 1,063.95 cr)

• Direct project costs: Rs 431.88 cr (Q2 FY26: Rs 572.92 cr)

• Employee benefits expense: Rs 51.20 cr (Q2 FY26: Rs 43.88 cr)

• Finance costs: Rs 49.80 cr (Q2 FY26: Rs 35.55 cr)

• Depreciation and amortisation expense: Rs 3.69 cr (Q2 FY26: Rs 2.73 cr)

• Other expenses: Rs 32.93 cr (Q2 FY26: Rs 63.93 cr)

• Total expenses: Rs 1,524.89 cr (Q2 FY26: Rs 1,782.96 cr)

• Profit before exceptional items and tax: Rs 16.83 cr (Q2 FY26: Rs 76.69 cr)

• Exceptional items: Rs - (Q2 FY26: Rs (580.10) cr)

• Profit / (loss) before tax: Rs 16.83 cr (Q2 FY26: Rs (503.41) cr)

• Current tax: Rs 2.91 cr (Q2 FY26: Rs (23.25) cr)

• Tax adjustments relating to earlier period / year: Rs - (Q2 FY26: Rs 8.69 cr)

• Deferred tax charge/(credit): Rs (2.90) cr (Q2 FY26: Rs (11.23) cr)

• Profit / (loss) for the period: Rs 16.82 cr (Q2 FY26: Rs (477.62) cr)

• Earnings per equity share – Basic: Rs 0.82 (Q2 FY26: Rs (20.27))

• Earnings per equity share – Diluted: Rs 0.82 (Q2 FY26: Rs (20.27))

In the consolidated statement of financial results for the quarter ended 30 September 2026, revenue from operations stood at Rs 1,527.50 cr compared with Rs 1,748.60 cr in the corresponding quarter of the previous year, as per the table titled “Statement Of Unaudited Consolidated Financial Results for the Quarter and Six Months Ended 30 September 2026”. Total income, including other income (net) of Rs 14.22 cr, was Rs 1,541.72 cr against Rs 1,859.65 cr a year earlier, when other income (net) had been Rs 111.05 cr.

Total expenses were Rs 1,524.89 cr versus Rs 1,782.96 cr in the year-ago quarter. Within this, cost of construction materials, stores and spare parts was Rs 955.39 cr (Q2 FY26: Rs 1,063.95 cr) and direct project costs were Rs 431.88 cr (Q2 FY26: Rs 572.92 cr). Employee benefits expense increased to Rs 51.20 cr from Rs 43.88 cr, while finance costs rose to Rs 49.80 cr from Rs 35.55 cr. Depreciation and amortisation expense was Rs 3.69 cr compared with Rs 2.73 cr, and other expenses were Rs 32.93 cr versus Rs 63.93 cr.

Profit before exceptional items and tax came in at Rs 16.83 cr, compared with Rs 76.69 cr in the same quarter last year. There were no exceptional items in the current quarter, while the corresponding quarter had an exceptional charge of Rs (580.10) cr, leading to a loss before tax of Rs (503.41) cr then. After current tax of Rs 2.91 cr, deferred tax credit of Rs (2.90) cr and no tax adjustments relating to earlier periods, profit for the period was Rs 16.82 cr, against a loss of Rs (477.62) cr in the prior-year quarter. Basic and diluted earnings per equity share (face value Rs 1) were Rs 0.82, compared with Rs (20.27) a year earlier, as disclosed in the same consolidated results table.