The shares of the leading solar EPC solution provider hit 5 percent upper circuit after the company’s net profit and revenue surged by 77 percent QoQ and 36 percent in Q2FY25.
Sterling and Wilson Renewable Energy Ltd has a market capitalization of Rs 13,606.96 crore, the shares were trading at Rs 583.00 per share, increasing around 5 percent as compared to the previous closing price of Rs 555.25 apiece.
Reason for rise:-
Today, the company shares have seen positive movement after Sterling and Wilson Renewable Energy Ltd revenue zoomed by 35 percent on year on year basis from Rs 759.52 crore in Q2FY24 to Rs 1,030.49 crore in Q2FY25, however in Quarter on a Quarter basis revenue increased by 12 percent from Rs 915.06 crore in Q1FY25 to Rs 1,030.49 crore Q2Y25.
Moreover, net profit is magnified by 115 percent on year on year basis from Rs 54.51 crore loss in Q2FY24 to Rs 8.57 crore profit in Q2FY25, meanwhile on a quarter-on-quarter basis net profit jumped multifold times by 77 percent from Rs 4.83 crore in Q1FY25 to Rs 8.57 crore in Q2FY25.
Order Book & recent orders:-
As of FY24, the order book stands at ~Rs.8084 Crs. compared to Rs.4913 as of Mar’23. The company has received total orders / LOI in 13 projects worth Rs.6,023 Cr in FY24 compared to a new order inflow of Rs.4,387 Cr. in FY23. Project executed worth Rs.2825 Cr in FY24.
In FY24, the company secured multiple significant orders, including a ~375 MW DC Module + BOS package and a 220 MW DC floating solar project. It also received BOS orders totaling ~530 MW DC and ~140 MW DC, alongside international contracts for 221 MW DC in Spain and 45 MW DC in Italy.
Geographical Split of Order Book:-
Sterling & Wilson Renewable Energy Ltd’s order book is geographically split as follows: India accounts for 84.8% of the total, Europe represents 14.3%, and Australia contributes 0.5%. This distribution highlights the company’s strong focus on the Indian market while maintaining a presence in Europe.
Shareholding pattern:-
Examining the company’s shareholding pattern, the promoter owns 52.92 percent of the company, retail investors own 27.95 percent, domestic institutional investors own 9.08 percent at last Foreign institutional investors own 10.07 percent.
Company profile:-
Sterling and Wilson Solar Ltd. is a prominent global provider of end-to-end solar engineering, procurement, and construction (EPC) solutions, as well as solar power project operation and maintenance. The firm is supported by the powerful parentage of Reliance Industries.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
